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WHEREAS, the Plan provides for financing the activities and undertakings of the LRC <br />by means of property tax allocation or tax increment financing in accordance with Section 31-25- <br />107(9) of the Act; and <br />WHEREAS, pursuant to the Plan and the Cooperation Agreement, the LRC seeks City <br />Council approval of the attached Agreement for Consulting Services and the expenditure of funds <br />associated therewith; and <br />WHEREAS, the City Council has reviewed the Agreement, finds its terms acceptable, and <br />by this Resolution desires to approve the Agreement and authorize the LRC's expenditure of <br />associated funds. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />Section 1. The Agreement between the Louisville Revitalization Commission <br />("LRC") and Colorado Community Revitalization Association Inc. for Consulting Services <br />("Agreement"), a copy of which accompanies this Resolution, is hereby approved. <br />Section 2. The City Council hereby authorizes the LRC's expenditure of funds <br />deposited in the LRC's Special Fund for the LRC's procurement of the Services described in the <br />Agreement and Scope of Services, which expenditure shall not exceed $20,000. <br />PASSED AND ADOPTED this 15th day of March, 2022. <br />ATTEST: <br />Meredyth Muth, City Clerk <br />Ashley Sto ann, Mayor <br />0'04 <br />SEAL <br />��- <br />Resolution No. 14, Series 2022 <br />Page 2 of 2 <br />