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City Council Meeting Minutes February 7, 2012 Page 5 of 16 • The City would receive full benefits from permit fees and construction use tax. • The maximum four-year rebate would run concurrently with the opening and first four years of operation of the establishment. APPLICANT PRESENTATION John Frazee, Gravity Brewing LLC, 239 S. Cleveland Avenue, Louisville, CO explained he was attracted to Louisville because currently there are no other breweries. He noted the difference between a brewery and a brew pub; in a brewery the beer is produced on site and patrons come to the tap room to sample the beer and there is no food served. A brewery/tap room is a unique model and has become very popular. Councilor Sackett explained the BRaD Committee met yesterday and discussed this proposal and unanimously recommended approval. MOTION: Councilor Sackett moved to approve Resolution No. 8, Series 2012, seconded by Councilor Loo. Roll call vote was taken. The motion carried by a vote of 6-0. Absent: Councilor Keany. RESOLUTION NO. 9, SERIES 2012—A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH GLOBAL IMAGING, INC. FOR THE REMODELING OF EXISTING COMMERCIAL SPACE AT 2011 CHERRY STREET IN THE COLORADO TECHNOLOGY CENTER IN THE CITY OF LOUISVILLE Mayor Muckle requested a staff presentation. Economic Development Director Star explained City Council action is requested on a proposed economic development business assistance package for the expansion of an existing Louisville employer. Global Imaging Inc. is a collection of three companies: Global Imaging, Global Garage, and Printer Evolution and all three are related to the world of digital printing. Global Imaging currently occupies approximately 6,000 square feet in the building at 2011Cherry Street and is proposing to expand at this site for a demonstration facility. The proposed expansion will increase the Louisville employees of Global Imaging from 3lemployees to approximately 39-43 employees in 5 years. The expansion is proposed to be 6,372 square feet in size, bringing the entire leased premises to 12,454 square feet. The City estimates Global Imaging will generate new revenue of approximately $7,000.00 from building permit fees directly to the City in the first year of operation, given an investment of$185,000.00 in tenant finish costs. The assistance would be funded by permit fees and construction use tax from the tenant finish of the existing space. Staff recommended the following: Building Permit-Fee Rebate 50% rebate on permit fees for tenant finish $1,547.75