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RESOLUTION NO. 2 <br />SERIES 2023 <br />A RESOLUTION APPROVING A FIRST AMENDMENT TO BUSINESS <br />ASSISTANCE AGREEMENT WITH AMP ROBOTICS CORPORATION FOR AN <br />ECONOMIC DEVELOPMENT PROJECT IN THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction and retention of quality development <br />to the City of Louisville provides employment opportunities and increased revenue <br />for citizen services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to create and retain high - <br />quality jobs and remain competitive with other local governments in creating <br />assistance for occupancy of commercial space in the City; and <br />WHEREAS, Amp Robotics Corporation ("the "Company") seeks to expand <br />its existing operations in Louisville, which will provide high paying, quality jobs and <br />generate new fee and tax revenues to the City; and <br />WHEREAS, by Resolution No. 60, Series 2021, the City Council approved <br />a Business Assistance Agreement between the City and the Company (the <br />"Agreement'); and <br />WHEREAS, due to a delay in obtaining required approvals, the Company <br />has requested the Agreement be amended as set forth in the First Amendment to <br />Business Assistance Agreement, a copy of which is attached hereto as Exhibit A <br />("First Amendment'); and <br />WHEREAS, the City Council finds that the proposed First Amendment is <br />consistent with and in furtherance of the business assistance policies of the City, <br />and desires to approve the First Amendment and authorize its execution and <br />implementation. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO THAT: <br />1. The proposed First Amendment to Business Assistance Agreement <br />between the City of Louisville and Amp Robotics Corporation (the "First <br />Amendment") is hereby approved in essentially the same form as the copy <br />accompanying this Resolution. <br />2. The Mayor is hereby authorized to execute the First Amendment on <br />behalf of the City Council of the City of Louisville, and the Mayor is hereby further <br />authorized to negotiate and approve such revisions to said First Amendment as the <br />Resolution No. 2, Series 2023 <br />Page 1 of 3 <br />