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RESOLUTION NO. 21 SERIES 2023 A RESOLUTION AUTHORIZING THE ASSIGNMENT OF THE CITY'S PRIVATE ACTIVITY BOND ALLOCATION FOR 2023 TO THE HOUSING AUTHORITY OF THE COUNTY OF BOULDER, COLORADO WHEREAS, pursuant to the Colorado Private Activity Bond Ceiling Allocation Act, constituting Title 24, Article 32, Part 17, Colorado Revised Statutes (the "Allocation Act"), the City of Louisville, Colorado (the "City") has received a direct allocation of the State of Colorado's Private Activity Bond Ceiling for the year 2023 (the "2023 Allocation"); and WHEREAS, the Housing Authority of the County of Boulder, Colorado, a body corporate and politic of the State of Colorado (the "Authority") has requested that the City assign all of the 2023 Allocation in an amount equal to $1,256,728 (the "Assigned Allocation") to the Authority pursuant to Section 24-32-1706 of the Allocation Act for the purpose of assisting in the financing of "projects," located in the County of Boulder, Colorado, within the meaning of Title 29, Article 4, Part 5, Colorado Revised Statutes, as amended, in the County of Boulder, Colorado; and WHEREAS, the City desires to assign the Assigned Allocation to the Authority; and WHEREAS, there has been presented to the City Council of the City (the "City Council") the form of an Assignment of Allocation (the "Assignment"). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Authorization of Assignment. The City Council hereby authorizes the assignment of the Assigned Allocation to the Authority for the purposes described above and in the Assignment accompanying this resolution. Section 2. Approval of Assignment of Allocation. The form, terms and provisions of the Assignment hereby are approved; provided, however, that the Mayor of the City is hereby granted authority to negotiate and approve such revisions to said Assignment as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Assignment are not altered. Section 3. The Mayor of the City is hereby authorized and directed to execute and deliver the Assignment, with such changes therein as may be approved by the Mayor pursuant to Section 2 of this resolution. The execution of the Assignment shall be conclusive evidence of the approval by the City Council of such document in accordance with the terms hereof. Section 4. Further Action. The Mayor, City Clerk, City Manager, Deputy City Manager, Finance Director, City Attorney and other officers and employees of the City are hereby authorized and directed to take such other steps or actions necessary or Resolution No. 21, Series 2023 Page 1 of 2