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RESOLUTION NO. 21 <br /> SERIES 2010 <br /> A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br /> WITH MAIN STREET DRINK AND DINE LLC FOR REINVESTMENT AND <br /> ATTRACTION OF A NEW RESTAURANT AT 701 MAIN STREET IN THE CITY <br /> OF LOUISVILLE <br /> WHEREAS, the successful attraction and retention of high quality <br /> development to the City of Louisville provides employment opportunities and <br /> increased revenue for citizen services and is therefore an important public <br /> purpose; and <br /> WHEREAS, it is important for the City of Louisville to attract new retail <br /> opportunities in the City and remain competitive with other local governments in <br /> creating assistance for occupancy of existing space in the City; and <br /> WHEREAS, Main Street Drink and Dine LLC plans to redevelop 3,314 <br /> square feet of existing underutilized space in Downtown Louisville located at 701 <br /> Main Street, Louisville; and <br /> WHEREAS, there has been proposed a Business Assistance Agreement <br /> between the City and Main Street Drink and Dine LLC, a copy of which is <br /> attached hereto as Exhibit "A" and incorporated herein by this reference; and <br /> WHEREAS, pursuant the Constitution of the State of Colorado, and the <br /> Home Rule Charter and ordinances of the City of Louisville, the City has authority <br /> to enter into the proposed Business Assistance Agreement; and <br /> WHEREAS, the City Council finds that the proposed Business Assistance <br /> Agreement is consistent with and in furtherance of the business assistance <br /> policies of the City, and desires to approve the Agreement and authorize its <br /> execution and 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 <br /> Louisville and Main Street Drink and Dine LLC (the "Agreement is hereby <br /> approved in essentially the same form as the copy of such Agreement <br /> accompanying this Resolution. <br /> 2. The Mayor is hereby authorized to execute the Agreement on behalf of <br /> the City Council of the City of Louisville, except that the Mayor is hereby granted <br /> the authority to negotiate and approve such revisions to said Agreement as the <br />