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WHEREAS, the City Council desires to approve the purchase contract and approve <br />other actions in connection with the acquisition of the Property. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />Section 1. That certain Contract to Buy and Sell Real Estate between the City of <br />Louisville and TWSS Main LLC for the City's acquisition of the Property (the "Purchase <br />Contract"), a copy of which Purchase Contract accompanies this resolution, is hereby <br />approved. <br />Section 2. City Council further approves the use of monies from the City's Historic <br />Perseveration Fund to purchase the Property and to pay the City's associated closing costs. <br />Section 3. The Mayor is authorized to execute the Purchase Contract, and the <br />Mayor is hereby further granted the authority to negotiate and approve such revisions to the <br />Purchase Contract as determined necessary or desirable for the protection of the City, so <br />long as the essential terms and conditions of the Purchase Contract are not altered. <br />Section 4. The Mayor, City Manager, City Clerk and City staff are further <br />authorized to do all things necessary on behalf of the City to perform the obligations of the <br />City under the Purchase Contract and this resolution, and are further authorized to execute <br />and deliver any and all documents necessary to effect the purchase of the Property under <br />the terms and conditions of said Purchase Contract and this resolution, including but not <br />limited to execution and delivery of closing documents required by the Purchase Contract <br />or the title company in connection with closing. <br />PASSED AND ADOPTED this 5th day of August 2025. <br />ATTEST: <br />Genny line, Interim City Clerk <br />io <br />ChristopherPI/I. Leh, Mayor <br />Resolution No. 55, Series 2025 <br />Page 2 of 2 <br />