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City Council <br /> Meeting Minutes <br /> February 7, 2012 <br /> Page 6 of 16 <br /> Building Use Tax Rebate $1,387.50 <br /> 50% rebate on Building Use Tax for core and shell and <br /> Tenant finish <br /> Total Proposed Building Permit Assistance $2,935.25 <br /> Staff suggests the assistance be capped at 50% of the actual Building Use Tax plus <br /> Building Permit Fee paid. Staff suggests the City's incentive be void if Global Imaging <br /> does not complete the expansion by September 30, 2012, or does not remain in <br /> business there for five years. Staff recommends City Council approve Resolution No. 9, <br /> Series 2012. <br /> APPLICANT PRESENTATION <br /> Christopher Lystlund, Director of Operations, Global Imaging, Inc, 2011 Cherry Street, <br /> Louisville, CO stated they are very excited to grow and expand their company in <br /> Louisville. Global has gone from one small company to three under the same roof. <br /> They represent several premier product lines and will have a state-of-the-art <br /> demonstration facility for displaying those products and bring potential customers into <br /> the City of Louisville. <br /> COUNCIL COMMENT <br /> Councilor Jasiak ask Mr. Lystlund to tell Council about some of their customers. Mr. <br /> Lystlund stated their customers are franchise sign shops including Fast Signs <br /> International, Signs By Tomorrow and Signs Now. Another group is the large print <br /> houses for building banners and vehicle wraps. They also work with companies who <br /> manufacture pre-pack boxes. <br /> Councilor Sackett explained the BRaD Committee met yesterday and discussed this <br /> proposal and unanimously recommended approval. <br /> MOTION: Councilor Sackett moved to approve Resolution No. 9, Series 2012, <br /> seconded by Councilor Loo. Roll call vote was taken. The motion carried by a vote of <br /> 6-0. Absent: Councilor Keany. <br /> RESOLUTION NO. 10, SERIES 2012—A RESOLUTION APPROVING A BUSINESS <br /> ASSISTANCE AGREEMENT WITH PEARL IZUMI USA, FOR THE CONSTRUCTION <br /> OF A NEW COMMERCIAL BUILDING IN THE COLORADO TECHNOLOGY CENTER <br /> IN THE CITY OF LOUISVILLE <br /> Mayor Muckle requested a staff presentation. <br /> Economic Development Director Star explained City Council action is requested on a <br /> proposed economic development business assistance package for the world <br />