City Council Minutes 2009 10 06 - Laserfiche WebLink

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City Council Meeting Minutes October 6,2009 Page 10 of 16 Building Use Tax Rebate Total proposed assistance package not to exceed $ 8.700.00 $14,950.00 Mayor Sisk asked if the applicant would like to address the City Council. Wade Shore, an Intertek repmsentative, outlined the company's history, which dates back to 1890, and founded by Thomas Alva Edison. Intertek does conformity testing and serves clients from seven states and businesses within the Colorado Technology Center. Intertek looks forward to moving to Louisville and expanding their operations, and bringing customers from all seven states. MOTION: Councilor Muckle moved to approve Resolution No. 32, 2009, seconded by Councilor Dalton. Roll call vote was taken. The motion carried by a vote of 6-0. Councilor Yarnell was absent from the vote. ORDINANCE No. 1556, SERIES 2009 - AN ORDINANCE AMENDING SUBSECTION 0 OF SECTIOIN 3.20.412 OF THE LOUISVILLE MUNICIPAL CODE CONCERNING SUSPENSION OF THE HOLD HARMLESS PROVISION RELATED TO USE OF STATE-CERTIFIED ELECTRONIC DATABASES FOR REMITTANCE OF SALES TAX PAYMENTS - Public Hearing Mayor Sisk requested a City A.ttorney introduction. City Attorney Culley read Ordinance No. 1556, Series 2009. Mayor Sisk requested a Staff presentation. Finance Director Watson explained Ordinance No. 1534, Series 2008 provides a "hold harmless" provision to vendors who rely on State-approved databases for the collection and remittances of sales tax. Under this ordinance, the taxpayer could not be assessed for any tax, penalty or interest if any erroneous remittances of sales tax were found during an audit, due solely as a result of an error or omission in the database. The Finance Department desires to amend Subsection D of Section 3.20.412 to further define the circumstances under which the City may suspend the hold harmless provision related to use of state- certified electronic databases. The amendment would allow the Finance Director to suspend the hold-harmless provision for a period of time if there are inaccuracies or other criteria Sl9t forth that are having or will have material adverse effects on the City ability to collect taxes owed. Immediately following the Ordinance No. 1556, Resolution No. 33, Series 2009 will propose suspending Ordinance No. 1534, Section 3.20.412 Electronic DataBase; Retailer Held Harmless to address difficulties experienced by both in- state and out-of-state vendors with collecting and remitting sales tax.