Resolution 2011-87 - Laserfiche WebLink

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• BUSINESS ASSISTANCE AGREEMENT FOR BOULDER WIND POWER,INC. IN THE CITY OF LOUISVILLE THIS AGREEMENT ("Agreement") is made and entered into as of the 21st day of December, 2011,. between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and BOULDER WIND POWER, INC., a Delaware Corporation. WHEREAS, the City wishes to provide certain assistance to Boulder Wind Power, Inc. in connection with the company's tenant finish of approximately 34,329 square feet of existing vacant space at 1812 Boxelder Street in Louisville (the project); and WHEREAS, Boulder Wind Power, Inc. plans to occupy the new facility during 2012; and WHEREAS, Boulder Wind Power, Inc. will bring new high-paying primary jobs to the City; and WHEREAS, Boulder Wind Power, Inc. will generate significant additional use tax revenue for the City of Louisville; 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 Boulder Wind Power, Inc. agree as follows: 1. Building Permit Fee Rebates. The City shall rebate to Boulder Wind Power, Inc. 50% 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 Boulder Wind Power, Inc. 50% 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 five years of its operation in the City, the City shall rebate to Boulder Wind Power, Inc. 50% of the Use Tax (and in certain circumstances as described below, Sales Tax) paid by it and collected by the City on tangible goods purchased by Boulder Wind Power, Inc., limited to such taxes required to be paid under Louisville Municipal Code sections 3.20.200 and 3.20.300, and excluding all tax revenues from the open space tax and historic preservation tax. Sales Tax may be included in this rebate for purchases from vendors with nexus with the City, where the vendor remits Sales Tax to the City and where, absent such nexus, Boulder Wind Power, Inc. would have remitted Use Tax to the City. No rebate shall be issued for goods purchased prior to the effective date of Boulder Wind Power Inc.'s lease 1