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To: City Council, BRaD <br />From: Bonnie Star, Economic Development Director <br />Date: October 3, 2011 <br />RE: Overview of BAP performance <br />To date, the City has approved 24 Business Assistance Packages. This memo will <br />provide a short summary of their performance to date. <br />NameDescriptionAmountAmountStatus <br />Rebated Collected <br />GHX75% Rebate of $71,371.46$104,411.95Complete <br />Permit fees/use <br />tax <br />WaterlooUp to $10,000, $10,000ConfidentialComplete <br />40% rebate of (sales tax) <br />sales tax collected <br />above historical <br />annual base. 3 <br />year limit <br />EmpireUp to $18,480, $5,429.28ConfidentialComplete <br />40% rebate of (sales tax) <br />annual sales tax <br />collected above <br />historic annual <br />base. 3 year limit <br />282 Century Up to $43,290 $43,290$110,993Complete <br />rebate from permit <br />fees/use tax of <br />core an shell <br />PromotechUp to $18,480 $18,613$149,097Complete <br />50% rebate of <br />permit fees/use tax <br />Koelbel retail Rebate 40% of None to date Confidential First partial year <br />total sales tax – clock (sales tax) rebate due Jan <br />collected in started2012 (rebate <br />operating years 3, August 08 period starts Aug <br />4, 5, 6, and 7 2011/12) <br />Arlin Lehman VOID - Expired <br />– Main Street March 2011 <br />BeefLimited to $64,800, $19,344,06ConfidentialOpen, runs into <br />O’Brady’s 40% rebate of (sales tax)2012 <br />(Ralphies)sales tax collected <br />for first 4 years <br />GlacierUp to $7,500 $1,535.20ConfidentialOpen, Runs into <br />Homemade(sales tax) 2011 <br />Ice Cream & <br />Gelato <br /> <br />