City Council Minutes 2011 12 06 - Laserfiche WebLink

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City Council Meeting Minutes December 6,2011 Page 4 of 14 options. Sites in contention are 363 Centennial Parkway and sites in Broomfield and Lafayette. The Louisville option is the entire third floor, approximately 21,300 square feet, of this 63,000 square foot office building. The space has been vacant since last December. The assistance would be funded by permit fees and construction use tax from the tenant finish of the existing space, as well as the newly-approved use tax on tangible good purchases. The City estimates Westcon, Inc. will generate new revenue of $17,800 from building permit fees directly to the City in the first year of operation, given an investment of $530,000 in tenant finish costs. Based upon the estimated revenue projection, staff recommended the following: Building Permit-Fee Rebate Approximate Value 50% rebate on permit fees for tenant finish $4,250.00 Building Use Tax Rebate 50% rebate on Building Use Tax for core and shell and Tenant finish $ 3,975.00 Staff suggested the assistance be capped at 50% of the actual Building Use Tax plus Building Permit Fee paid. The City's incentive would be void if Westcon, Inc. does not move into the new facility by June 30, 2012, and remains for less than five years. APPLICANT PRESENTATION Bernie Kelley, Vice President of Operations, Westcon Group North American, Inc., stated he represents a North American Operation of a Global business, which is a 4 billion dollar company. As theirs is a growing business they have considered locations in Broomfield, Lafayette and Louisville. They like Louisville and the incentive made it an easy choice. COUNCIL COMMENTS Councilor Dalton inquired about the provision of occupancy by June 30, 2012. Mr. Kelley stated they should be able to relocate to Louisville by March of 2012. MOTION: Councilor Dalton moved to approve Resolution No. 82 Series 2011, seconded by Councilor Keany. Roll call vote was taken. The motion carried by a vote of 6-0. 2012 CITY COUNCIL APPOINTMENTS TO BOARDS AND COMMISSIONS The City Council met at special meetings on November 28 and 29 to interview applicants for 2012 vacancies on the City's boards and commissions. The City Council made the following appointments: Board of Adiustment.