Resolution 2011-68 - Laserfiche WebLink

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• BUSINESS ASSISTANCE AGREEMENT FOR REAL GOODS SOLAR CORPORATION IN THE CITY OF LOUISVILLE THIS AGREEMENT ("Agreement") is made and entered into as of the )Y day of October, 2011, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and REAL GOODS SOLAR CORPORATION (Real Goods), a Colorado C-Corporation. WHEREAS, the City wishes to provide certain assistance to Real Goods in connection with the company's tenant finish of approximately 28,000 square feet of existing space at 833 W. South Boulder Road in Louisville (the project); and WHEREAS, Real Goods plans to occupy the new facility in early 2012; and WHEREAS, Real Goods will bring new primary jobs paying more than the average wage in Boulder County to the City; and WHEREAS, City Council finds the execution of this Agreement will serve to provide benefit and advance the public interest and welfare of the City and its citizens by securing the location of this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Real Goods agree as follows: • 1. Building Permit Fee Rebates. The City shall rebate to Real Goods 75% of the building related permit fees for the project, required under Louisville Municipal Code, section 15.04.050 and section 108.2 of the International Building Code as adopted by the City. 2. Use Tax Rebate-Construction. The City shall rebate to Real Goods 75% of the Construction Use.Tax on the building materials for the project, required under Louisville Municipal Code, section 3.20.300, excluding all revenues from the open space tax and historic preservation tax. 3. Sales/Use Tax Rebate-Tangible Goods. For the first two years of operation in Louisville, the City shall rebate to Real Goods, 50% of the Use Tax (and in certain circumstances as described below, Sales Tax) paid and collected on tangible goods purchased for the company, as required under Louisville Municipal Code, section 3.20.300, excluding all tax revenues from the open space tax and historic preservation tax. In certain circumstances, Sales Tax may be included in this rebate, when the purchases were from companies with nexus with the City, therefore allowing those companies to remit sales tax to the City. Absent such nexus, Real Goods would have remitted use tax to the City. No rebate shall be issued for goods purchased prior to the date of Real Goods' lease expansion for 833 W. South Boulder Road. Only those tangible goods purchased for use at 833 W. South Boulder Road shall qualify for rebate consideration. Tangible goods include, by way of example, computers, furniture, fixtures, appliances, electronics, and does not include, by way of example, food, office supplies or other consumable goods not expected to last for three or more years. •