Exhibit E - IGA.Ranch.pdf

This is an Intergovernmental Agreement (IGA) between the City of Loveland and Larimer County, Colorado, concerning the expansion and development of The Ranch Events Complex. The agreement, effective in October 2021, outlines a collaborative effort to develop a comprehensive project that includes various improvements and buildings such as a hotel with conference center, exhibition/trade show center, youth sports facility, FNBO renovation, covered equine area, multi-use barn, outdoor arena, and new or remodeled event center. The project is part of a broader master plan for The Ranch, which was originally developed in 2003 as a fairgrounds and events facility, and now aims to expand and modernize its infrastructure and capabilities.

The agreement includes provisions for funding, with the County potentially seeking private partners to construct, operate, and maintain certain components of the project. In 2017, Larimer County voters approved a sales tax extension to support operations and expansion. The City of Loveland will provide various fee waivers and reimbursements for eligible construction costs, and both parties will collaborate on planning, permitting, and development processes. The project is designed to be a long-term development, with a potential 25-year vesting period, and includes considerations for traffic control, pedestrian access, transit options, and coordination with the Northern Colorado Regional Airport. The agreement also addresses utility installations, road improvements, and emergency services for the complex.