City Council Agenda and Packet 2023 07 11

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City Council Meeting Minutes February 21, 2023 Page 4 of 8 Mayor Pro Tern Fahey asked if the level of assistance would be the same for an existing business that is moving as it would be for a new business. Director Zuccaro stated the building and use tax rebates would be the same; for sales tax the business would have to generate more sales tax than they were in their previous location to qualify for a sales tax rebate. Public Comments Eric Lund, Chamber of Commerce, urged approval of the ordinance to help keep businesses in the community. Mayor Maloney stated it is important to retain our businesses and we should to do this. Councilmember Leh stated this is an appropriate change to the ordinance. Public Comments Sherry Sommer, Louisville, asked if there is a limit on the amount of funding a business can receive. Austin Brown, Economic Vitality Specialist, stated there is no cap on the total rebate amounts but it is a limit of 50% of the total amount a business spends on building and use taxes. Councilmember Leh stated it is important that people understand that these agreements are rebates on taxes already paid and not direct payments to businesses. Councilmember Hoefner stated this is a common sense update that he supports. Mayor Maloney closed the public hearing. MOTION: Mayor Pro Tern Fahey moved to approve the ordinance; seconded by Councilmember Hoefner. VOTE: Motion carried by unanimous roll call vote. RESOLUTION NO. 12, SERIES 2023 — A RESOLUTION APPROVING AN AMENDMENT TO THE CENTENNIAL HEIGHTS FINAL PLANNED UNIT DEVELOPMENT REGARDING FENCE REGULATIONS Mayor Maloney introduced the item by title and asked for disclosures. Councilmember Hoefner stated he did hear this application when he was on the Planning Commission but he will be making his decision tonight based on the information presented here. He opened the public hearing.