Resolution 2014-51 - Laserfiche WebLink

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BUSINESS ASSISTANCE AGREEMENT FOR WWF OPERATING COMPANY IN THE CITY OF LOUISVILLE THIS AGREEMENT ( "Agreement ") is made and entered into as of the R day of - ,,ydc,e_,e- , 2014, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City "), and WWF OPERATING COMPANY ( "Company "), a Delaware Corporation registered to do business in the State of Colorado. WHEREAS, the City wishes to provide certain assistance to Company in connection with the Company's interest in locating a facility within the 66,350 square foot building located at 1900 Cherry Street within Louisville (the "Project ") for the creation of their Louisville operations; and WHEREAS, Company plans to expand into a new location in Louisville in 2014; and WHEREAS, Company's plans will bring to the City new primary jobs that complement existing Louisville businesses; and WHEREAS, the building at 1900 Cherry is currently under construction; and WHEREAS, Company will lease the Project for the creation of their Louisville operations; 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 Company agree as follows: 1. Building Permit Fee Rebates. The City shall rebate to Company 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 Company 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. Use Tax Rebate — Tangible Goods. For the 2014 calendar year and the 2015 calendar year through December 31, 2015, and solely for the Company's relocation in Louisville at the Project location, the City shall rebate to Company 50% of the Use Tax (and in certain circumstances as described below, Sales Tax) paid and collected on tangible goods purchased by the Company for the Company's use at the Project location, as required under Louisville Municipal Code, section 3.20.300, excluding all tax 1