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<br />RESOLUTION NO.2 <br />SERIES 2010 <br /> <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH MOUNTAINSIDE: MEDICAL FOR THE OCCUPANCY OF EXISTING <br />VACANT SPACE AT 1172 CENTURY DRIVE IN THE CITY OF LOUISVILLE <br /> <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 /> <br />WHEREAS, it is important for the City of Louisville to attract quality jobs and <br />remain competitive with other local governments in creating assistance for occupancy of <br />existing space in the City; and <br /> <br />WHEREAS, Mountainside Medical plans to lease 10,000 square feet of <br />manufacturing/office space at 1172 Century Drive in the Centennial Valley in Louisville; <br />and <br /> <br />WHEREAS, there has been proposed a Business Assistance Agreement between <br />the City and Mountainside Medical, a copy of which is attached hereto as Exhibit "A" <br />and incorporated herein by this reference; and <br /> <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 /> <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 /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF LOUISVILLE, COLORADO THAT: <br /> <br />1. The proposed Business Assistance Agreement between the City of Louisville <br />and Mountainside Medical LLC (the "Agreement") is hereby approved in essentially the <br />same form as the copy of sueh Agreement accompanying this Resolution. <br /> <br />2. The Mayor is ht:reby 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 ofthe Agreement are not altered. <br /> <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 limited to funding <br />