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RESOLUTION NO. 43 <br />SERIES 2023 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH SHAMROCK FOODS COMPANY FOR AN ECONOMIC DEVELOPMENT <br />PROJECT IN THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction of quality development to the City of <br />Louisville provides employment opportunities and increased revenue for citizen <br />services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to create and retain <br />quality jobs and remain competitive with other local governments in creating <br />assistance for occupancy of commercial space in the City; and <br />WHEREAS, Shamrock Foods Company is seeking to occupy 28,190 <br />square feet of vacant retail space at 785 E South Boulder Road, which will result <br />in new jobs and tax revenue to the City; and <br />WHEREAS, the Business Assistance Agreement between the City and <br />Shamrock Foods Company is attached hereto as Exhibit "A" and incorporated <br />herein by this reference; and <br />WHEREAS, pursuant the Constitution of the State of Colorado, and the <br />Home Rule Charter and ordinances of the City of Louisville, the City has authority <br />to enter into the proposed Business Assistance Agreement; and <br />WHEREAS, the City Council finds that the proposed Business Assistance <br />Agreement is consistent with and in furtherance of the business assistance policies <br />of the City, and desires to approve the Agreement and authorize its execution and <br />implementation. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO THAT: <br />1. The proposed Business Assistance Agreement between the City of <br />Louisville and Shamrock Foods Company (the "Agreement") is hereby approved in <br />essentially the same form as the copy of such Agreement accompanying this <br />Resolution. <br />2. The Mayor is hereby authorized to execute the Agreement on behalf <br />of the City Council of the City of Louisville, and the Mayor is further granted the <br />authority to negotiate and approve such revisions to said Agreement as the Mayor <br />determines are necessary or desirable for the protection of the City, so long as the <br />essential terms and conditions of the Agreement are not altered. <br />Resolution No. 43, Series 2023 <br />Page 1 of 3 <br />