Resolution 2022-16 - Laserfiche WebLink

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BUSINESS ASSISTANCE AGREEMENT FOR BASECAMP LOUISVILLE, LLC IN THE CITY OF LOUISVILLE THIS AGREEMENT ("Agreement") is made and entered into as of the 15t" day of March 1 2022, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and BASECAMP LOUISVILLE, LLC (the "Company"), doing business as Ironton Distillery and Crafthouse, a Colorado limited liability company. WHEREAS, the City wishes to provide certain business assistance in connection with the Company's desire to relocate its existing business to Louisville (the "Project"); and WHEREAS, the Company seeks to occupy a 4,000 square foot vacant commercial space and construct an additional 15,000 square feet of new space at 1303 Empire Road (the "Project Location"), which has not housed a significant Sales Tax generating use since 2017; and WHEREAS, the Company will bring new basic jobs to the City, as well as generate new fee and tax revenues; and WHEREAS, the City Council finds the execution of this Agreement will serve to provide a benefit and advance the public interest and welfare of the City and its citizens by securing this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Company agree as follows: 1. Building Permit Fee Rebates. The City shall rebate to the Company 50% of the building related permit fees for the Project, required under section 15.04.050 of the Louisville Municipal Code (the "City Code") and section 108.2 of the International Building Code as adopted by the City, for the period from execution of this Agreement and ending September 30, 2024. 2. Sign Permit Fee Rebates. The City shall rebate to the Company 50% of the sign related permit fees for the Project, required under the City of Louisville Sign Code, adopted by Ordinance 1779, Series 2019, and codified as Appendix B to Chapter 17 of the City Code, and as may be amended from time to time, for the period from execution of this agreement and ending September 30, 2024. For purposes of this Section, "sign related permit fees" include sign permit fees, in-house sign plan review, and the use tax assessed on the valuation of signs installed as part of the Project. 3. Use Tax Rebate -Construction. The City shall rebate to the Company 50% of the Construction Use Tax on the construction materials for the Project, required under section 3.20.300 of the City Code, excluding all revenues from the Open Space Tax, Historic Preservation Tax, and Recreation