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BUSINESS ASSISTANCE AGREEMENT FOR ELEANOR, LLC IN THE CITY OF LOUISVILLE _.._ THIS AGREEMEN ('Agreement") is made and entered into as of the Prig day of 21b',- , 2016, between the CRY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and ELEANOR, LLC (the "Company") a Colorado Limited Liability Company. WHEREAS, the City wishes to provide certain business assistance in connection with the Company's expansion, relocation and leasing of approximately 1,650 square feet (the "Project") at 901 Front Street, Louisville (the "Project Location"); and WHEREAS, Company plans to complete the expansion project in 2017; 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; Cap. The building permit fee and construction use tax rebates described in Sections 1 and 2 above shall be paid by the City within 120 days following issuance of the certificate of occupancy for the Project. The maximum amount of the rebates payable pursuant to Sections 1 and 2 shall in no event exceed two thousand dollars ($2,000). 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%) Open Space Tax and the one-eighth percent (1/8%) Historic Preservation Page 1 of 6