Resolution 2015-12 - Laserfiche WebLink

Home Browse Search

BUSINESS ASSISTANCE AGREEMENT FOR ROGUE WAVE SOFTWARE, INC. IN THE CITY OF LOUISVILLE d THIS AGREEMENT ( "Agreement ") is made and entered into as of the 3 r— day of IMar c k. , 2015, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City "), and ROGUE WAVE SOFTWARE, INC. (the "Company ") a Delaware Corporation. WHEREAS, the City wishes to provide certain business assistance in connection with the relocation and expansion of the Company's operations (the "Project ") at 1315 W. Century Drive, Louisville (the "Project Location "); and WHEREAS, Company intends to make tenant improvements to the Project Location; and WHEREAS, Company plans for the Project to generate new quality jobs within 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 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 100% 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. Payment of Rebates. The building permit fee and construction use tax rebates described in Sections 1 and 2 above shall be paid by the City within 60 days following issuance of the certificate of occupancy for the Project. No rebate payments will be made until Company has provided City with a copy of the registration with the Colorado Secretary of State. 4. No Interest; Inspection and Disclosure of Records. No interest shall be paid on any amounts subject to rebate under this Agreement. Each party and its agents shall have the right to inspect and audit the applicable records of the other party to verify the amount of any payment under this Agreement, and each party shall cooperate and take such actions as may Page 1 of 5