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RESOLUTION NO. 8 <br />SERIES 2019 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH QUICKSILVER SCIENTIFIC, INC. FOR AN ECONOMIC <br />DEVELOPMENT PROJECT IN THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction and retention of quality development to the <br />City of Louisville provides employment opportunities and increased revenue for citizen <br />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 assistance for <br />occupancy of commercial space in the City and <br />WHEREAS, Quicksilver Scientific, Inc. plans to relocate its headquarters <br />operation in Louisville; and <br />WHEREAS, the Business Assistance Agreement between the City and Quicksilver <br />Scientific, Inc. is attached hereto as Exhibit A and incorporated herein by this reference; <br />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 THE <br />CITY OF LOUISVILLE, COLORADO THAT <br />1 The proposed Business Assistance Agreement between the City of Louisville <br />and Quicksilver Scientific, Inc. (the Agreement") is hereby approved in essentially the same <br />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 terns 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. 8, Series 2018 <br />Page 1 of 3 <br />