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Proposed Assistance <br />MLEu'yi'',ille <br />COLORADO • SINCE 1878 <br />• Proposed 50% rebate of Building Permit Fees <br />and Construction Use Tax <br />— Capped at $84,000 <br />• Proposed 40% rebate on new Consumer Use <br />Tax, related to equipment and tangible good <br />purchases for the sports facility <br />— Capped at $6,000 <br />• Project must be completed by January 31, <br />2022 <br />• Business must remain in Louisville for 7 years <br />Financial Impact <br />Cityof- <br />L of <br />COLORADO • SINCE 1878 <br />• Rebates for Building Permit Fees and <br />Construction Use Tax total $83,220, but are <br />off -set by anticipated revenues of $194,390 <br />• Based on initial estimates of equipment and <br />fixture needs, the company could pay $18,250 <br />in Consumer Use Tax, of which the City would <br />rebate $6,000 <br />• Total impact over two years: $212,640 <br />21 <br />3 <br />