City Council Minutes 2011 06 07 - Laserfiche WebLink

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City Council Meeting Minutes June7,2011 Page 6 of 10 MOTION: Councilor Dalton moved to approve Ordinance No. 1594, Series 2011 on second and final reading. Councilor Sackett seconded the motion. Roll call vote was taken. The motion passed by a vote of 5 -2. Councilors Muckle and Yarnell voted no. RESOLUTION No. 29, SERIES 2011 A RESOLUTION SETTING CERTAIN FEES, RATES AND CHARGES FOR THE CITY OF LOUISVILLE, COLORADO MOTION: Councilor Dalton moved to approve Resolution No. 29, Series 2011. The motion was seconded by Mayor Pro Tem Marsella. City Attorney Light explained the resolution contains a blank line, which will be filled in with the effective day of the ordinance. The ordinance will be published on June 12, 2011 and go into effect July 12, 2011. VOTE: The vote was five in favor of the motion and two opposed. Councilors Muckle and Yarnell voted no. RESOLUTION No. 30, SERIES 2011 A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH ALLEN COMPANY FOR THE OCCUPANCY OF EXISTING VACANT SPACE IN THE COLORADO TECHNOLOGY CENTER IN THE CITY OF LOUISVILLE Mayor Sisk requested a Staff presentation. Economic Development Director Star explained the proposed Business Assistance Package (BAP) for The Allen Company (Allen) is based on income obtained from new construction building permits. The amount of the proposed business assistance is a percentage of new revenue created by the location of this company within the Colorado Technology Center (CTC). The assistance would be funded by permit fees and construction use tax from the tenant finish of the existing space. The Allen Company was founded in 1971 in Broomfield and is a leading supplier of hunting and fishing accessories to all major retailers. They both manufacture and distribute sporting goods products for hunting, fishing, and outdoor leisure. They propose to construct two new buildings, one 148,900 SF in size and the other 152,600 in size, on five platted Tots located in the southeastern portion of the Colorado Technology Center (CTC). Allen currently employs 150 fulltime workers but plans to increase to 225 in the next five years. All sales are wholesale (no retail sales tax is collected). Staff recommended the following incentive package: Building Permit -Fee Rebate 50% rebate on permit fees for tenant finish (Excludes tap fees) Building Use Tax Rebate 50% rebate on Building Use Tax for core and shell and Tenant finish (Excludes .375 Open Space tax and .125% Historic Preservation tax). APPLICANT PRESENTATION