Resolution 2015-34 - Laserfiche WebLink

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BUSINESS ASSISTANCE AGREEMENT FOR HOPE FOODS, LLC IN THE CITY OF LOUISVILLE THIS AGREEMENT ( "Agreement ") is made and entered into as of the 2..— day of , 2015, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City "), and HOPE FOODS, LLC (the "Company ") a Colorado limited liability company. WHEREAS, the City wishes to provide certain business assistance in connection with expansion of the Company's operations (the "Project") at 1850 Dogwood Street, Louisville, Colorado (the "Project Location"); and WHEREAS, Company intends to make tenant improvements to, and equipment purchases at, 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' by the City, for a three -year period beginning - June 15, 2015. 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, for a three -year period beginning June 15, 2015. 3. Use Tax Rebate — Tangible Goods. For tangible good purchases that are made between June 15, 2015 and June 30, 2018 and that are solely for the Company's expansion of operations and used 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 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 Page 1 of 6