City Council Minutes 2021 08 24 - Laserfiche WebLink

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City Council Meeting Minutes August 24, 2021 Page 2 of 10 City Attorney Kelly stated that regarding the authority for the executive session, Section 5- 2(c) of the Home Rule Charter authorizes an executive session for the purpose of consideration of real property acquisitions and dispositions by the City, but only as to appraisals and other value estimates and strategy for the acquisition or disposition of such property. An executive session for this purpose is also authorized by the Open Meetings Law, Section 24-6-402(4)(a) of the Colorado Revised Statutes. This request is specifically related to a piece of property owned by the City. MOTION: Mayor Stolzmann moved to go into executive session for the purpose of consideration of real property acquisitions and dispositions and that the executive session include City Manager Balser, Deputy City Manager Megan Davis; Economic Vitality Director Megan Pierce, and City Attorney Kathleen Kelly. Mayor Pro Tern Maloney seconded the motion. VOTE: Motion passed by unanimous roll call vote. Council went into executive session at 5:05 pm; Council returned from executive session at 5:50 pm. REPORT — DISCUSSION/DIRECTION/ACTION — REAL PROPERTY ACQUISITIONS/DISPOSITIONS City Attorney Kelly stated no follow-up is requested at this time regarding the real property acquisitions and dispositions. She also noted that City Manager Balser was not in attendance at the executive session. RESOLUTION NO. 59, SERIES 2021 — A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH SNARF'S LOUISVILLE LLC FOR AN ECONOMIC DEVELOPMENT PROJECT IN THE CITY OF LOUISVILLE Director Pierce stated Snarf's Louisville LLC, DBA Snarf's Sandwiches, is considering an expansion of its sandwich shop concept to Louisville at 1110 E. South Boulder Road. This location has not been a sales tax generating location since 2005. The applicant anticipates renovating the project location and opening by the end of 2021 with approximately 20 employees, with job salaries of $30,000 per year. The application meets the Business Assistance Criteria by retaining basic jobs to the City; drawing new customers, it is not expected to draw a large percentage of its business from existing businesses; it creates new sales tax to the City; and utilizes an existing building. The proposed 50% rebate of Building Permit Fees and Construction Use Tax (for tenant finish work) is capped at $5,000. The proposed 50% rebate on new sales tax over a five- year period is capped at $90,000. The project must be completed by April 30, 2022 and the business must remain in Louisville for a period of seven years or a percentage of rebates received must be repaid.