Ordinance 2023-1850 - Laserfiche WebLink

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ORDINANCE NO. 1850 SERIES 2023 AN ORDINANCE AMENDING SECTION 3.24 OF THE LOUISVILLE MUNICIPAL CODE REGARDING THE TAX AND FEE BUSINESS ASSISTANCE PROGRAM WHEREAS, by Ordinance No. 1507, Series 2007 the City Council established the Tax and Fee Business Assistance Program ('BAP") to recruit and retain businesses and employers within the City of Louisville, thereby stimulating the economy of and within the City, providing employment for residents of the City and others, further expanding the goods and services available for purchase and consumption by businesses and residents of the City, and further increasing the sales taxes and fees collected by the City; and WHEREAS, the City Council finds the BAP program has been successful, benefitting the City and its residents and taxpayers in accordance with its purposes; and WHEREAS, the City Council desires to amend the BAP program as set forth herein to further promote business retention when a business must relocate due to loss of a lease or other unforeseen circumstance. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Section 3.24.040 of the Louisville Municipal Code is hereby amended to read as follows (words added are underlined, word deleted are stfi ke thfo g ): 3.24.040. Basis for participation. Any owner or operator of a proposed business, the owner or operator of an existing business who demonstrates to the city that they must relocate to a new premises due to non -renewal of a lease or other unforeseen circumstance outside of the control of the owner or operator of the business, or the owner or operator of an existing business which proposes to expand substantially, may apply to the city for inclusion within the BAP, provided that the proposed new, relocated or expanded business is reasonably likely to generate enhanced or increased sales taxes, permit fees and/or construction use taxes within the city in the first year of operation, or maintain existing sales taxes when relocating due to an unforeseen circumstance. Application for inclusion in the BAP must be made prior to the proposed opening, acquisition or expansion. Section 2. If any portion of this ordinance is held to be invalid for any reason such decisions shall not affect the validity of the remaining portions of this ordinance. The City Council hereby declares that it would have passed this ordinance and each part hereof irrespective of the fact that any one part be declared invalid. Ordinance No. 1850, Series 2023 Page 1 of 2