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RESOLUTION NO. 14 SERIES 2022 A RESOLUTION APPROVING AND AUTHORIZING THE LOUISVILLE REVITALIZATION COMMISSION'S ENTRANCE INTO AN AGREEMENT AND EXPENDITURE OF FUNDS FOR CONSULTING SERVICES IN CONNECTION WITH THE HIGHWAY 42 REVITALIZATION AREA WHEREAS, The City is a home -rule city and municipal corporation duly organized and existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City; and WHEREAS, the Louisville Revitalization Commission ("LRC") is a public body corporate and politic authorized to transact business and exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the "Act"); and WHEREAS, the LRC has identified a consultant, Colorado Community Revitalization Association Inc., dba Downtown Colorado Inc. (the "Consultant"), with vast experience in working with urban renewal authorities to develop revitalization strategies; and WHEREAS, the Consultant has proposed a comprehensive revitalization strategy and action plan (the "Project") for purposes of maximizing the revitalization potential of the Highway 42 Revitalization Plan Area ("Plan Area"); and WHEREAS, while the Project and associated expenditure was not previously approved as part of the LRC's budget, the LRC finds that Project will help prevent the spread of blight within the Plan Area by providing a comprehensive revitalization strategy and action plan in furtherance of the purposes of the Act and the Highway 42 Revitalization Area Urban Renewal Plan (the "Plan"); and WHEREAS, the City and the LRC are parties to that certain Amended and Restated Cooperation Agreement, dated April 5, 2011 (the "Cooperation Agreement"); and WHEREAS, pursuant to the Cooperation Agreement, any proposed expenditure by the LRC which has not been previously approved as part of the LRC's budget shall be subject to the prior review and approval of the City Council; and WHEREAS, pursuant to the Cooperation Agreement and Section 5.6 of the Plan, the LRC must provide to the City Council for review and approval any contract contemplated under Section 5.6 of the Plan, prior to the LRC's final approval of the contract; and WHEREAS, subject to the City Council's approval authority, the LRC is authorized, pursuant to Section 5.6 of the Plan, to enter into contracts with entities as are determined by the LRC to be necessary or desirable to carry out the purposes of the Plan; and Resolution No. 14, Series 2022 Page 1 of 2