Resolution 2011-42 - Laserfiche WebLink

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liTSINESS ASSIS .A.C;REFLNIFNT FOR Rt k .VIOUNT,‘IN NA`11 IZAL 1,A13S,11,1_,C. IN Jili CITY ()I; I()( ISVILI 11I A( is made and entered into ;is o r M tit daN, ot Juk, 2011. bet \vcen the CITY OF LOUISVILLE. a Colorado home rule municipal corporation (Me "(ity"). and ROCK)! N/Rfl.'NTAIN \Alt R,A. LAI3S. 1„1.C.. Colorado I tinned Cornpany. \\'1 11-R1 AS, the City wishes to provide certain assistance lo Rocky Mountain Natural Labs. in connection \vith tire company's tenant finish of approximately 23,000 ;quark: feet of existing t;aeant space at 833 West South Boulder Road m Louisville ONL projec): and \\TIFRFAS. Rock) Vlountain Ninaral Labs, lit:, plans lo oecupy the ne‘v facility in late 2011: and W111-.R LAS. Rock\ Vlountain Natural Labs, ill bring new primary rnanufacturing jobs to the City; and WIIERFAS, City Council rinds the execution 01 this Agreement will ser provide benefit and advance the public interest and kVelfare of the City and its citiyens by securirn1 thc 10Cati011 Of this economic development project ithin the City. NOVV 'FHERETOR F. in consideration of the inutual promises s set Barth belo\v, the ('ity and Rocky Mountain Natural Labs. LL.C. agree as N4 lo \vs: 1, Building Permit Ft..e Rebates. 'lire (it y shall rebate to Rocky .Mountain Natural Labs. LI,C. 50'../0 of the building related permit tees for the project. required under Louisville Municipal rode. section 15.04,050 and section 1 r8.2 of the Internat ional Building Code as adopted by the City. C..! Tax Rebate-Construction. 1 hc Cit■ shall rebate to Rocky Nloilniain Natural abs. L LLC. 5(r of the Construction Use Tax on the huildMg materials for INC project. required under Louisville Munieipal Code. section 3.20.31 0. excluding all revenues from the open spaec tax 3. Payment of Rebates Cap. The maxi mum unount of the rebates payable pursuant to 1, and 2 above shall in no event exceed the calculation of 50'zo of the fees paid to the City. The building permit fec rebate shall be paid by the City \vithin 12(1 days following issuance of the Certificate of Occupancy ter the project. subject to paragraphs 4 and 5 belo\v, 4. Use of Funds. Funds rebated pursuant to this Agreement shall he used by Rocky Mountain Natural Labs, solely for obligations and or improvements permitted under L.ouisville Municipal Code section 3.24.000 (as enacted by Ordinance N. 1,507_ Seri 2007). which rimy include tenant anpro\ ements for occupancy of vacant space or the expansion or creation or jobs within the city. Th eligible obligations and or inylovements to 533 West South Boulder Road shall he fully satisfied and or completed