Laserfiche WebLink
H. A statement that the agreement shall be subject to the annual <br />appropriation of sufficient funds for payments as provided in this chapter, <br />pursuant to Section 20, Article X of the Colorado Constitution; <br />I. A statement that the applicant shall have no right, claim, lien <br />or priority in or to the city's sales or use tax revenue superior to or on parity <br />with the rights, claims or liens of the holders as any sales or use tax revenue <br />bonds, notes, certificates or debentures payable from or secured by any <br />sales or use taxes, existing or hereafter issued by the city; and that all rights <br />of the successful applicant are, and at all times shall be, subordinate and <br />inferior to the rights, claims and liens of the holders of any and all such <br />existing or hereafter issued sales and use tax revenue bonds, notes, <br />certificates or debentures, payable from or secured by any sales or use <br />taxes issued by the city; and <br />J. Any other provisions agreed upon by the parties and <br />approved by the city council. <br />Section 4. If any portion of this ordinance is held to be invalid for any reason, such <br />decision shall not affect the validity of the remaining portions of this ordinance. The City <br />Council hereby declares it would have passed and approved this ordinance and each part <br />hereof irrespective of the fact that any one part be declared invalid. <br />Section 5. The repeal or modification of any provision of the Municipal Code of <br />the City of Louisville by this ordinance shall not release, extinguish, alter, modify, or change <br />in whole or in part any penalty, forfeiture, or liability, either civil or criminal, which shall have <br />been incurred under such provision, and each provision shall be treated and held as still <br />remaining in force for the purpose of sustaining any and all proper actions, suits, <br />proceedings, and prosecutions for the enforcement of the penalty, forfeiture, or liability, as <br />well as for the purpose of sustaining any judgment, decree, or order which can or may be <br />rendered, entered, or made in such actions, suits, proceedings, or prosecutions. <br />Section 6. All other ordinances or portions thereof inconsistent or conflicting with <br />this ordinance or any portion hereof are hereby repealed to the extent of such inconsistency <br />or conflict. <br />INTRODUCED, READ, PASSED ON FIRST READING, AND ORDERED <br />PUBLISHED this 5t" day of September, 2023. <br />ATTEST: <br />Dennis Maloney, Mayor <br />Ordinance No. 1857, Series 2023 <br />Page 10 of 11 <br />