Revitalization Commission Agenda and Packet 2024 10 30

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INFRASTRUCTURE ASSISTANCE AGREEMENT THIS INFRASTRUCTURE ASSISTANCE AGREEMENT (this "Agreement") dated as of , , 2024, is made by and between the LOUISVILLE REVITALIZATION COMMISSION an urban renewal authority and a body corporate and politic of the State of Colorado (the "LRC"), and BASECAMP LOUISVILLE, LLC, a Colorado limited liability company (the "Developer"). The LRC and Developer are sometimes collectively called the "Parties," and individually, a "Party." RECITALS All capitalized terms used, but not defined, in these Recitals, have the meanings ascribed to them in this Agreement. The Recitals are incorporated into this Agreement as though fully set forth in the body of this Agreement. WHEREAS, the LRC is a body corporate and politic authorized to transact business and exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the "Act"); WHEREAS, the Developer is the owner of certain real property located at 1303 Empire Road, Louisville, CO, which is legally described in Exhibit A, attached hereto and incorporated herein by this reference (the "Property"); WHEREAS, the Developer proposes a new distillery production facility, tasting room and event center with indoor and outdoor public spaces. The project is more particularly described in Exhibit B, attached hereto and incorporated herein by this reference (the "Project"); WHEREAS, the Project includes associated public and private infrastructure improvements, including but not limited to roadway improvements to Empire Road, a public multi -use path, drainage and irrigation ditch improvements landscaping and water and sewer connections and upgrades as more particularly described in Exhibit C, attached hereto and incorporated herein by this reference (the "Project Improvements"); WHEREAS, the Project is located within the area (the "Plan Area") described in the Highway 42 Revitalization Area Urban Renewal Plan (the "Plan"). Completion of the Project and Project Improvements will remove barriers to development and remediate adverse conditions within the Plan Area, and will be carried out in furtherance of the purposes of the Act and Plan; WHEREAS, the LRC has determined that assistance in reimbursing the Developer for the costs of the Project is consistent with and in furtherance of the purposes of the LRC and the Urban Renewal Plan; WHEREAS, the LRC, therefore, seeks to reimburse the Developer for a portion of the cost of the Project of Six Hundred Fifty Thousand Dollars ($650,000.00) (as further defined below, the "Reimbursement Amount") as set forth in this Agreement; 10/23/2024 G: I ECONOMIC VITALITYI LRCI2024 AGENDAS AND PACKETSI2024 10 301IRONTON PUBLIC INFRASTRUCTURE CONTRACT.DOCX