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burdens so that the business community does not pay more dearly than others for the restrictions <br />put in place to protect the public health; and <br />WHEREAS, the City Council further finds that providing further assistance to <br />businesses located within the City that have been impacted by COVID-19 would serve the <br />important public purpose of stabilizing, improving and extending a valuable source of municipal <br />revenue; and <br />WHEREAS, the City Council has reviewed the Recovery and Improvement Program, a <br />copy of which accompanies this Resolution, and finds it should be approved in order to preserve <br />the health, safely and public welfare of the City and its residents; and <br />WHEREAS, the City Council has also reviewed the form of the Recovery and <br />Improvement Program Grant Agreement, a copy of which accompanies this Resolution, and <br />finds it should be approved and the City Manager should be authorized to execute the same as <br />set forth herein. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />Section 1. The proposed Recovery and Improvement Program is hereby approved, with <br />an expenditure in the amount of one hundred and fifty thousand dollars ($150,000) from the City's <br />general fund. <br />Section 2. The City Manager or her designee is authorized and directed to administer <br />the program in accordance with its terms, including approving Program applications. <br />Section 3. The City Manager is authorized to execute agreements with Program grant <br />recipients in the form of the Recovery and Improvement Program Grant Agreement that <br />accompanies this resolution, and the City Manager is hereby further authorized to negotiate and <br />approve such revisions to said Grant Agreement as the City Manager determines are necessary or <br />desirable for the protection of the City, so long as the essential terms and conditions of the Grant <br />Agreement are not altered. <br />PASSED AND ADOPTED this 11 th day of August, 2020. <br />ATTEST: <br />Meredyth Muth, City Clerk <br />Ashley Stolzmann, Mayor <br />Resolution No. 60, Series 2020 <br />Page 2 of 2 <br />