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BUSINESS ASSISTANCE AGREEMENT FOR MCCASLIN RETAIL, LLC IN THE CITY OF LOUISVILLE THIS AGREEMENT ( "Agreement ") is made and entered into as of the 5ff day of 2015, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City "), and MCCASLIN RETAIL, LLC, a Colorado limited ItAbility dO_rnpany`(the "CornAe{lyi'):. WHEREAS, the City wishes to provide certain business assistance in connection with the Company's redevelopment and leasing of approximately 13,000 square feet (the "Project ") at 994 W. Dillon Road, Louisville (the "Project Location "); and WHEREAS, Company plans to complete the redevelopment project in 2 :16; and WHEREAS, Company plans for the Project to generate new sales tax revenue to the City; and WHEREAS, City Council finds the execution of this Agreement will serve to provide benefit and advance the public interest and welfare of the City and its citizens by securing this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Company agree as follows: 1. Building Permit Fee Rebates. The City shall rebate to Company 50% of the building related permit fees for the Project, required under Louisville Municipal Code, section 15.04.050 and section 108.2 of the International Building Code as adopted by the City. 2. Use Tax Rebate - Construction. The City shall rebate to Company 50% of the Construction Use Tax on the building materials for the Project, required under Louisville Municipal Code, section 3.20.300, excluding all revenues from the open space tax and historic preservation tax. 3. Payment of Rebates. The building permit fee and construction use tax rebates desctibect ill Sections 1 and 2 above shall be paiti by the City to Company within 60 days following issuance of the certificate of occupancy for the core and shell of the Project. 4. Sales Tax Rebates. The City shall rebate to Company 40% of the incremental sales tax revenues derived from the imposition of the City's 3.0% general sales tax (excluding the City's three - eighths percent (3/8 %) QPer} Space Tex aT{d MIP (P31e-OGbitl Per (1 /8 %) iteservation Tax) that is actually collected by the City and attributable to new retail sales .occurring at the Project Location for five (5) years of operation over {00174494.DOC:4) Page 1 of 6