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RESOLUTION NO. 11 <br /> SERIES 2013 <br /> A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br /> WITH BENJAMIN WEST,LLLP AND AVADAN, LLC FOR THE <br /> CONSTRUTION OF A NEW FACILITY AT 428 CTC BOULEVARD IN THE <br /> COLORADO TECHNOLOGY CENTER 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 retain high-quality jobs <br /> and remain competitive with other local governments in creating assistance for <br /> occupancy of existing space in the City; and <br /> WHEREAS,AvaDan, LLC plans to construct a 40,000 square foot building in <br /> the Colorado Technology Center and Benjamin West, LLLP intends to lease the building <br /> for their operations; and <br /> WHEREAS,the Business Assistance Agreement among the City, AvaDan, LLC <br /> and Benjamin West, LLLP, is attached hereto as Exhibit "A" and incorporated herein by <br /> this reference; and <br /> WHEREAS,pursuant the Constitution of the State of Colorado, and the Home <br /> Rule Charter and ordinances of the City of Louisville, the City has authority to enter into <br /> the proposed Business Assistance Agreement; <br /> WHEREAS,the City Council finds that the proposed Business Assistance <br /> Agreement is consistent with and in 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 among the City of Louisville, <br /> AvaDan,LLC and Benjamin West, LLLP (the"Agreement")is hereby approved in <br /> essentially 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 authority <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.11,Series 2013 <br /> Page 1 of 3 <br />