Revitalization Commission Agenda and Packet 2024 10 30

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and/or site grading on the Property. "Default" or "Event of Default" means any of the events described in Section 15; provided, however, that such events will not give rise to any remedy until effect has been given to all grace periods, cure periods and periods of enforced delay provided for in this Agreement. "Effective Date" means the date of this Agreement. "Executive Director" means the Executive Director of the LRC. "Exhibits" The following Exhibits attached to this Agreement are hereby incorporated into and made a part of this Agreement: Exhibit A: Legal Description of the Property Exhibit B: Description of the Project Exhibit C: Description/Cost Estimate of Improvements Exhibit D Certificate Relating to Reimbursement Amount "Party" or "Parties" means one or both of the parties to this Agreement. "Pledged Revenues" means the total aggregate principal amount of the Reimbursement Amount as defined in this Agreement. "Project" means the construction of the Project as more particularly described in Exhibit B, which includes those certain infrastructure improvements as set forth in Exhibit C, attached hereto and incorporated herein by this reference. "Property" means the real property described in Exhibit A attached hereto. "Developer" means Louisville Basecamp LLC, a Colorado limited liability company and any successors and assigns approved in accordance with this Agreement. "Reimbursement Amount" means a maximum amount not to exceed Six Hundred Fifty Thousand Dollars ($650,000.00), which is the maximum amount that will be paid to the Developer to reimburse the Developer for a portion of the infrastructure improvements necessary for the Project. "Special Fund" means the special fund of the LRC defined in C.R.S. § 31-25- 107(9)(a)(II). "Urban Renewal Plan" or "Plan" means the Highway 42 Revitalization Area Urban Renewal Plan, and as may hereinafter be amended from time to time. 3 10/23/2024 G: I ECONOMIC VITALITYI LRCI2024 AGENDAS AND PACKETSI2024 10 301IRONTON PUBLIC INFRASTRUCTURE CONTRACT.DOCX