City Council Minutes 2016 01 05 - Laserfiche WebLink

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City Council Meeting Minutes January 5, 2016 Page 5 of 15 The proposal meets the general criteria of the BAP Program; retention of existing jobs, expansion of jobs, utilizing existing buildings, and encouraging the diversity of jobs or employment opportunities. They have considered other locations in Denver, Broomfield and Adams County. The proposed assistance is as follows: 50% rebate of City Building Permit Fees ($1,400 value); 50% rebate of Construction Use Taxes ($1,500 value) and 50% rebate of Consumer Use Taxes ($30,000 value). Incentives are capped at 50% of fees paid. Staff recommended approving Resolution No. 1, Series 2016. APPLICANT PRESENTATION Oscar Solis, Izzio Artisan Baker, 185 S. 104th Street, Louisville, CO explained they have been in business in Louisville for more than 15 years and want to continue to make improvements to their plant. Initially they occupied one quarter of the building and now they have the entire building. They want to remain in Louisville. Michael Rhoads, 925 Jefferson Avenue, Louisville, CO stated he is a resident of Louisville and works at Izzio Bakery. He explained living in Louisville and working at Izzio Bakery is a great opportunity to commute by bicycle. He noted many new Izzio Bakery employees have chosen Louisville as their homes. COUNCIL COMMENTS Council member Keany voiced his full support of the Business Assistance Package. He stated Izzio Bakery is an excellent company, which he wanted to remain in Louisville. Mayor Muckle and Council member Maloney agreed. Council member Maloney felt it was a great opportunity for the City to help a successful business grow. He addressed the criteria and noted there is not any measurement for any potential risk. He asked how the risk of -the business moving out of Louisville fits into the analysis. Economic Development Director stated one risk of the company moving is a Toss of the equipment and jobs and $9,000 annually for property tax. Council member Leh addressed the risk factors associated with the business assistance and noted if the improvements are not made by the end of this year the agreement would be null and void. There is also a certain amount of money to be repaid if the business terminates within five years. He stated there is accountability for receiving public money. MOTION: Mayor Muckle moved to approve Resolution No. 1, Series 2016, seconded by Council member Leh. Roll call vote was taken. The motion carried by a vote of 6 -0. Absent: Mayor Pro Tem Lipton. DISCUSSION /DIRECTION /ACTION — 550 SOUTH MCCASLWI BOULEVARD REQUEST FOR PROPOSALS (FORMER SAM'S CLUB SITE)