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RESOLUTION NO. 56 SERIES 2024 A RESOLUTION APPROVING AN ASSIGNMENT AND ASSUMPTION OF REVOCABLE LICENSE AGREEMENT BETWEEN THE CITY AND BIF IV INTREPID OPCO LLC WHEREAS, by Resolution No. 3, Series 2024, adopted on January 16, 2024, the City Council approved a Revocable License Agreement with BIF IV Intrepid OpCo LLC ("Intrepid") for the installation of fiber optic cables and conduit within City rights -of -way in connection with the Intrepid fiber network; and WHEREAS, Intrepid has informed the City it has established a new legal entity, Intrepid Cohort 1 LLC ("Intrepid Cohort"), to facilitate the financing for build -out of the Louisville network, and in connection therewith has requested the City Council approve assignment of the License Agreement to this new entity as set forth in the Assignment and Assumption between Intrepid, as Assignor, Intrepid Cohort, as Assignee, and the City, as Counterparty, a copy of which Assignment and Assumption accompanies this resolution; and WHEREAS, the City Council by this resolution desires to approve the Assignment and Assumption and authorize the Mayor to sign it on behalf of the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO THAT: 1. The City Council hereby approves the Assignment and Assumption of the Revocable License Agreement between the City and BIF IV Intrepid OpCo LLC in essentially the form of the Assignment and Assumption that accompanies this resolution. 2. The Mayor is hereby authorized to execute the Assignment and Assumption, and is further authorized to negotiate such revisions to such Assignment and Assumption as the Mayor determines are necessary or desirable for the City, so long as the essential terms and conditions of the Assignment and Assumption are not altered. Attest: PASSED AND ADOPTED this 19th day of November 2024. C. Genny Kline, Interim City Clerk c 1.4_ Christopher\M. Leh, Mayor Resolution No. 56, Series 2024 Page 1 of 1