Laserfiche WebLink
6. Use of Funds; Future Fees. Funds rebated to the Company pursuant to this <br />Agreement shall be used by the Company solely for obligations and/or <br />improvements permitted under Louisville Municipal Code section 3.24.060 <br />(as enacted by Ordinance No. 1507, Series 2007), which includes, but is <br />not limited to, creation of new Sales Tax revenue and new basic jobs. The <br />Building Permit Fee and Construction Use Tax rebates provided for under <br />this Agreement are solely for construction activities and purchases for the <br />Project during the periods stated in Sections 1-2, above. Any previous or <br />subsequent purchases and construction activities shall be subject to <br />payment without rebate of all applicable Building Permit Fees and <br />Construction Use Taxes. <br />7. Effect of Change in Tax Rate. Any increase or decrease in the City General <br />Sales, Construction Use, or Consumer Use Tax rate above or below the <br />applicable tax rate on the date of execution of this Agreement shall not <br />affect the rebate payments to be made pursuant to this Agreement; rather, <br />the amount of the rebate payments will continue to be based upon the <br />General Sales, Construction Use, or Consumer Use Tax rates applicable <br />on the date of execution of this Agreement (excluding the City's 0.375% <br />Open Space Tax, 0.125% Historic Preservation Tax, and 0.150% <br />Recreation Center Tax). Any decrease in the City General Sales, <br />Construction Use, or Consumer Use Tax rates shall cause the amount of <br />the rebate payments made pursuant to this Agreement to be based on the <br />applicable percentage of revenues actually received by the City from <br />application of the tax rate affected (excluding said Open Space, Historic <br />Preservation, Recreation Center, or future special Sales or Use taxes). <br />8. Entire Agreement; Notices. This instrument shall constitute the entire <br />agreement between the City and the Company and supersedes any prior <br />agreements between the parties and their agents or representatives, all of <br />which are merged into and revoked by this Agreement with respect to its <br />subject matter. Contact information is as follows: <br />If to Company: <br />Yoga Junction LLC <br />Attn: Melissa Williams, Owner <br />927 Main Street <br />Louisville, CO 80027 <br />303-658-0365 <br />melissa@louisvilleyogajunction.com <br />If to City: <br />Louisville City Hall <br />Attn: Economic Vitality <br />749 Main Street <br />Louisville, CO 80027 <br />303.335.4531 <br />Page 3 of 6 <br />