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RESOLUTION NO. 10 SERIES 2014 A RESOLUTION APPROVING A FIRST AMENDMENT TO THE BUSINESS ASSISTANCE AGREEMENT WITH HORIZON AG-PRODUCTS, L.P. FOR THE REMODLING OF EXISTING COMMERCIAL SPACE AT 1450 INFINITE IN THE CITY OF LOUISVILLE WHEREAS, the successful attraction and retention of high quality development to the City of Louisville provides employment opportunities and increased revenue for citizen services and is therefore an important public purpose; and WHEREAS, it is important for the City of Louisville to retain high-quality jobs and remain competitive with other local governments in creating assistance for occupancy of existing space in the City; and WHEREAS, Horizon Ag-Products L.P. plans to remodel 13,000 square feet within 1450 Infinite for their operations; and WHEREAS, Horizon Ag-Products L.P., requests an extension of the Original Agreement approved on April 16, 2013 to complete their tenant finish; and WHEREAS, pursuant the Constitution of the State of Colorado, and the Home Rule Charter and ordinances of the City of Louisville, the City has authority to enter into and amend the proposed Business Assistance Agreement; WHEREAS, the City Council finds that the proposed Amendment is consistent with and in furtherance of the business assistance policies of the City, and desires to approve the Agreement and authorize its execution and implementation; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO THAT: 1. The proposed First Amendment of the Business Assistance Agreement between the City of Louisville and Horizon Ag-Products L.P. (the "Agreement") is hereby approved in essentially the same form as the copy of such Agreement accompanying this Resolution. 2. The Mayor is hereby authorized to execute the Agreement on behalf of the City Council of the City of Louisville, except that the Mayor is hereby granted the authority to negotiate and approve such revisions to said Agreement as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Agreement are not altered. 3. City staff is hereby authorized to do all things necessary on behalf of the City to perform the obligations of the City under the Agreement, including but not limited to funding and implementation of the Agreement in accordance with and upon performance of the terms thereof. Resolution No. 10,Series 2014 Page 1 of 3