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TITLE 3 - REVENUE AND FINANCE <br />Chapter 3.24 TAX AND FEE BUSINESS ASSISTANCE PROGRAM <br />Sec. 3.24.090. Criteria for approval. <br />Approval of an application for inclusion in the BAP shall require the affirmative vote of four members <br />of the city council, at a public hearing held as a portion of a regularly scheduled city council meeting, <br />based upon city council consideration of the following criteria: <br />A. The amount of enhanced sales taxes which are reasonably to be anticipated to be derived by the <br />city— whether by retention of taxes, creation of new taxes, or a combination thereof — through the <br />expanded or new retail sales tax generating business; <br />B. The public benefits which are provided by the applicant through public works, public or public - related <br />improvements, additional and /or retained jobs and employment opportunities for city residents and <br />others, etc.; <br />C. The quality of the proposed development; <br />D. Whether the proposal utilizes an existing building(s); <br />E. Whether the proposal complements existing Louisville businesses (i.e. a buyer or supplier that <br />serves an existing business in the city); <br />F. Whether the proposal represents redevelopment to an area or building in the city; <br />G. Whether the proposal represents job diversity in industry sectors and is part of a growing industry; <br />H. The proposal's contribution to the diversity of retail or to the diversity of jobs or employment <br />opportunities within the city; <br />I. Whether the proposal brings a value added result to the city or a development within the city (for <br />example, by moving the company's corporate headquarters to the city); <br />J. The amount of the business assistance as a percentage of new revenue anticipated to be created by <br />the proposal (for example, by relocation the company to Louisville); <br />K. The amount of expenditures which may be deferred by the city based upon public or public - related <br />improvements to be completed by the applicant; <br />L. The conformance of the applicant's property or project with the comprehensive plan and zoning <br />ordinances of the city; and <br />M. Whether a proposed agreement required by section 3.24.100 has been reached, which agreement <br />shall contain and conform to all requirements of said section 3.24.100 <br />N. Whether the proposal represents the significant expansion of an existing Louisville employer. <br />(Ord. No. 1507 -2007, § 1, 1 -16 -2007) <br />Sec. 3.24.100. Agreement with city; required; contents. <br />Each application for approval submitted to the city council shall be subject to approval by the city <br />council solely on its own merits. Approval of an application shall require that an agreement be executed <br />by the applicant and the city, which agreement shall, at a minimum, contain: <br />A. A list of those public or public - related improvements which justify the application's approval, and the <br />amount which shall be spent on such improvements; <br />B. The maximum amount of enhanced sales taxes or fees to be shared, the timing of payment of any <br />such shared taxes or fees, and the maximum time during which the agreement shall continue, it <br />being expressly understood that any such agreement shall expire and be of no further force and <br />effect upon the occurrence of the earlier to be reached of the maximum time of the agreement <br />Louisville, Colorado, Code of Ordinances Page 4 <br />19 <br />