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Resolution 2022-16
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Resolution 2022-16
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Last modified
5/7/2024 3:12:52 PM
Creation date
3/21/2022 4:59:10 PM
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Template:
City Council Records
Also Known As (aka)
BAP Basecamp Louisville LLC dba Ironton Distillery and Crafthouse
Meeting Date
3/15/2022
Doc Type
Resolution
Signed Date
3/15/2022
Ord/Res - Year
2022
Ord/Res - Number
15
Property Address Number
1303
Property Address Street Name
Empire
Subdivision Name
Empire Road
Original Hardcopy Storage
9C5
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hereunder are expressly conditional upon annual appropriation by the City <br />Council, in its sole discretion. Company understands and agrees that any <br />decision of City Council to not appropriate funds for payment shall be <br />without penalty or liability to the City and, further, shall not affect, impair, or <br />invalidate any of the remaining terms or provisions of this Agreement. <br />14. Governing Law: Venue; Dispute Resolution. This Agreement shall be <br />governed and construed in accordance with the laws of the State of <br />Colorado. This Agreement shall be subject to, and construed in strict <br />accordance with, the Louisville City Charter and the Louisville Municipal <br />Code. Any action arising out of, in connection with, or relating to this <br />Agreement shall be filed in the District Court of Boulder County of the State <br />of Colorado and in no other court or jurisdiction. In the event of a dispute <br />concerning any provision of this Agreement, the parties agree that prior to <br />commencing any litigation, they shall first engage in good faith the services <br />of a mutually acceptable, qualified, and experienced mediator, or panel of <br />mediators for the purpose of resolving such dispute; except that, either party <br />may seek injunctive or other equitable relief in the District Court of Boulder <br />County without first submitting the dispute to mediation. The costs of <br />mediation shall be split equally between the parties. The costs of arbitration <br />shall be split equally between the parties. <br />15. Legal Challenge; Escrow. The City shall have no obligation to make any <br />rebate payment hereunder during the pendency of any legal challenge to <br />this Agreement. The parties covenant that neither will initiate any legal <br />challenge to the validity or enforceability of this Agreement, and the parties <br />will cooperate in defending the validity or enforceability of this Agreement <br />against any challenge by any third party. Any funds appropriated for <br />payment under this Agreement shall be escrowed in a separate City <br />account in the event there is a legal challenge to this Agreement. <br />16. Personal Agreement; Assignment. This Agreement is personal to the <br />Company and does not attach to or run with the Property. Neither party shall <br />record this Agreement in the property records of the Boulder County Clerk <br />and Recorder. The Company may not assign any of the obligations, benefits <br />or provisions of the Agreement in whole or in any part without the express <br />written authorization of the City Council of the City. Any purported <br />assignment, transfer, pledge, or encumbrance made without such prior <br />written authorization shall be void. <br />17. No Joint Venture. Nothing in this Agreement is intended or shall be <br />construed to create a joint venture between the City and the Company and <br />the City shall never be liable or responsible for any debt or obligation of <br />Company. <br />18. No Third -Party Beneficiaries. The terms and conditions of this Agreement, <br />and all rights of action relating to such enforcement, shall be strictly <br />reserved to City and Company, and nothing contained in this Agreement <br />5 <br />
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