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RESOLUTION NO.102 SERIES 2020 A RESOLUTION APPROVING ADDITIONAL FUNDING FOR THE RECOVERY AND IMPROVEMENT GRANT PROGRAM WHEREAS, the City of Louisville (the "City") is a home -rule city and municipal corporation duly organized and existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City; and WHEREAS, the Novel Coronavirus 2019 (COVID-19) Pandemic is causing widespread human and economic impacts to the City of Louisville; and WHEREAS, on March 15, 2020, the Mayor of the City of Louisville, pursuant to Chapter 2.32 of the Louisville Municipal Code and C.R.S. § 24-33.5-709, executed a Declaration of Local Disaster Emergency in and for the City of Louisville (the "Mayor's Declaration") in response to COVID-19; and WHEREAS, by Resolution No. 27, Series 2020, adopted on March 16, 2020, the City Council continued in effect the Mayor's Declaration until terminated by resolution of the City Council; and WHEREAS, on May 18, 2020, Colorado Governor Jared Polis issued Executive Order D2020-70 Directing the Expenditure of Federal Funds pursuant to the Coronavirus Aid, Relief, and Economic Security Act of 2020 ("CARES Act"); and WHEREAS, CARES Act funds will be distributed to Boulder County and allocated to the City and other municipalities located within Boulder County pursuant to a collaborative agreement executed between the County and the municipalities, and which funds may be used by the City to assist its local businesses with recovery efforts as set forth in the proposed Recovery and Improvement Program; and WHEREAS, the City's Strategic Plan includes a Vibrant Economic Climate as a key goal of the City, with a sub -program objective to attract and retain a diverse mix of businesses within the City; and WHEREAS, the City Council finds that maintaining a balanced and stable economy is best achieved by retaining a wide variety of businesses within the City, as each contributes to the overall fabric of the City's economy and the health, welfare, and enjoyment of its residents; and WHEREAS, while everyone in the City has been impacted by COVID-19, the City Council finds the business community continues to be uniquely impacted by efforts required to slow the spread of the virus, including but not limited to social distancing restrictions, and that it Resolution No. 102, Series 2020 Page 1 of 2