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RESOLUTION NO. 60 <br />SERIES 2017 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH TEOCALI COCINA TEQUILERIA, LLC FOR AN ECONOMIC <br />DEVELOPMENT PROJECT IN THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction and retention of high quality development <br />to the City of Louisville provides employment opportunities and increased revenue for <br />citizen services and is therefore an important public purpose, and <br />WHEREAS, it is important for the City of Louisville to create and enhance retail <br />sales tax opportunities and remain competitive with other local governments in creating <br />assistance for creation and occupancy of commercial space m the City, and <br />WHEREAS, Teocali Comm Tequilena, LLC, plans to increase retail sales tax <br />opportunities on the property located at 1335 South Boulder Road, and <br />WHEREAS, the Business Assistance Agreement between the City and Teocali <br />Cocina Tequilena, LLC is attached hereto as Exhibit "A" and incorporated herein by this <br />reference; and <br />WHEREAS, pursuant the Constitution of the State of Colorado, and the Home <br />Rule Charter and ordmances of the City of Louisville, the City has authority to enter mto <br />the proposed Business Assistance Agreement, <br />WHEREAS, the City Council finds that the proposed Business Assistance <br />Agreement is consistent with and m furtherance of the business assistance policies of the <br />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 <br />THE CITY OF LOUISVILLE, COLORADO THAT: <br />1 The proposed Business Assistance Agreement between the City of Louisville <br />and Teocali Cocina Tequilena, LLC (the "Agreement") is hereby approved in essentially <br />the same form as the copy of such Agreement accompanying this Resolution <br />2 The Mayor is hereby authorized to execute the Agreement on behalf of the <br />City Council of the City of Louisville, except that the Mayor is hereby granted the authonty <br />to negotiate and approve such revisions to said Agreement as the Mayor determines are <br />necessary or desirable for the protection of the City, so long as the essential terms and <br />conditions of the Agreement are not altered <br />Resolution No 60, Series 2017 <br />Page 1 of 3 <br />