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RESOLUTION NO. 57 <br />SERIES 2025 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH SWINGWELL GOLF LLC FOR AN ECONOMIC DEVELOPMENT <br />PROJECT IN THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction of quality development to the City of <br />Louisville provides employment opportunities and increased revenue for citizen <br />services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to create and retain <br />quality jobs and remain competitive with other local governments in creating <br />assistance for occupancy of commercial space in the City; and <br />WHEREAS, Swingwell Golf LLC, doing business as Tee Box, is seeking to <br />lease 5,286 square feet of existing space at 600 S Pierce Ave in the Colorado <br />Technology Center, which will result in new jobs and tax revenue to the City; and <br />WHEREAS, the Business Assistance Agreement between the City and Tee <br />Box is attached hereto as Exhibit "A" and incorporated herein by this reference; <br />and <br />WHEREAS, pursuant to the Constitution of the State of Colorado, and the <br />Home Rule Charter and ordinances of the City of Louisville, the City has authority <br />to enter into the proposed Business Assistance Agreement; and <br />WHEREAS, the City Council finds that the proposed Business Assistance <br />Agreement is consistent with and in furtherance of the business assistance policies <br />of the City, and desires to approve the Agreement and authorize its execution and <br />implementation. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO THAT: <br />Section 1. The proposed Business Assistance Agreement between the <br />City of Louisville and Swingwell Golf LLC, doing business as Tee Box (the <br />"Agreement") is hereby approved in essentially the same form as the copy of such <br />Agreement accompanying this Resolution. <br />Section 2. The Mayor is hereby authorized to execute the Agreement on <br />behalf of the City Council of the City of Louisville, and the Mayor is further authorized <br />to negotiate and approve such revisions to said Agreement as the Mayor determines <br />are necessary or desirable for the protection of the City, so long as the essential <br />terms and conditions of the Agreement are not altered. <br />Resolution No. 57, Series 2025 <br />Page 1 of 2 <br />