City Council Minutes 2012 02 21 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes February 21, 2012 • Page 7 of 14 PUBLIC COMMENT Peter Stewart, 1132 Jefferson Avenue, Louisville, Historic Preservation Chair, explained the Historic Preservation Commission discussed the grant for siding and window and Reconnaissance Survey and requests Council support. MOTION: Councilor Loo moved to approve Resolution No. 15, Series 2012, seconded by Councilor Keany. Roll call vote was taken. The motion carried by a vote of 7-0. RESOLUTION No. 17, SERIES 2012 — A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH ETKIN JOHNSON GROUP FOR THE CONSTRUCTION OF A BUILDING IN THE COLORADO TECHNOLOGY CENTER IN THE CITY OF LOUISVILLE Mayor Muckle requested a staff presentation. Economic Development Director Star explained City Council action is requested on a proposed economic development business assistance package for Etkin Johnson Group for the construction of a building in the Colorado Technology Center. The proposed assistance is based on revenue obtained from new construction building • permits. The assistance would be funded by permit fees and construction use tax from the construction of a speculative industrial building. Based upon the estimated revenue projection, staff recommends the following: Proposed Assistance Approximate Value Building Permit-Fee Rebate 50% rebate on permit fees for tenant finish $13,930 Building Use Tax Rebate 50% rebate on Building Use Tax for core and shell and tenant finish $21,750 Total Proposed Assistance $35,680 APPLICANT PRESENTATION Jim Vasbinder, Etkin Johnson Vice President of Development, stated they welcome the opportunity to work with the City and they value their relationship with the City. The Business Assistance Package represents the City's support to the developer. MOTION: Councilor Dalton moved to approve Resolution No. 17, Series 2012, seconded by Councilor Keany. Roll call vote was taken. The motion carried by a vote • of 7-0.