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RESOLUTION NO. 6 <br /> SERIES 2014 <br /> A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br /> WITH HISTORIC 740 FRONT STREET, LLC FOR THE STABILIZATION AND <br /> EXPANSION OF 740 FRONT STREET 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 encourage retail <br /> opportunities and remain competitive with other local governments in creating assistance <br /> for occupancy of existing space in the City; and <br /> WHEREAS, Historic 740 Front Street, LLC plans to stabilize and renovate 2,100 <br /> square feet and expand the building by 990 square feet for restaurant or retail purposes; <br /> and <br /> WHEREAS, there has been proposed a Business Assistance Agreement between <br /> the City and Historic 740 Front Street, LLC, a copy of which is attached hereto as Exhibit <br /> "A" and incorporated herein by 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 between the City of Louisville <br /> and Historic 740 Front Street, LLC (the "Agreement") is hereby approved in essentially the <br /> 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 /> 3. City staff is hereby authorized to do all things necessary on behalf of the City <br /> to perform the obligations of the City under the Agreement, including but not limited to <br /> Resolution No. 6, Series 2014 <br /> Page 1 of 3 <br />