Business Retention and Development Committee Agenda and Packet 2012 12 03

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City of Louisville, Colorado Schedule of Business Assistance Agreements Actual CouncilEstimatedActual Amount of Date &Description ofTiming ofAmount ofDate(s) of Assistance Business NameRes No.AssistanceAssistanceAssistanceAssistance five years)Total Limited to $15,000 SJ LePeep05/01/12Rebate 40% of Incremental 3% General Sales TaxAnnually On or Before January 3117,000First Year 3% Sales Tax x 40% (390 McCaslin Blvd)31-2012 For First Two Years of OperationsSecond Year 3% Sales Tax x 40% Must Commence Operations Prior to December 31, 2012Total Assistance- Limited to $17,000 in Total Assistance Takoda Properties, Inc08/07/12Rebate 50% of Building-Related Permit Fees12,445Building-Related Fees x 50% Creative Enterprises, LLC46-2012Rebate 50% of Construction Use Tax14,681Construction Use Tax x 50% Variety Arts of LouisvilleRebate 50% of Use Tax on Purchase of Tangible GoodsFirst Year 3% Use Tax x 50% (2397 Hwy 42) For First Year of Operation30 Days from Receipt of Doc6,000First Year 3% Sales Tax x 40% Rebate 40% of Incremental 3% General Sales TaxSecond Year 3% Sales Tax x 40% For First Five Years of Operations Beginning 01/01/16 or Third Year 3% Sales Tax x 40% Two Years After C.O. (whichever is sooner)Annually On or Before January 31108,000Fourth Year 3% Sales Tax x 40% Construction of All Buildings Must Commence by 12/31/13Fifth Year 3% Sales Tax x 40% No LimitationsTotal- Seakr Engineering, Inc08/07/12Rebate 50% of Building-Related Permit Fees (within 36 months)30 Days After Issuance of C.O.?Building-Related Fees x 50% (1795 Dogwood)47-2012Rebate 50% of Construction Use Tax (within 36 months)?Construction Use Tax x 50% Rebate 50% of Use Tax on Purchase of Tangible GoodsFirst Year 3% Use Tax x 50% For Three Years from Date of Agreement30 Days from Receipt of Doc4,200Second Year 3% Use Tax x 50% Third Year 3% Use Tax x 50% Total- Alfalfa's Market, Inc.10/16/12Rebate 50% of Building-Related Permit Fees30 Days After Issuance of C.O.16,000Building-Related Fees x 50% 65-2012Rebate 50% of Construction Use Tax30 Days After Issuance of C.O.25,000Construction Use Tax x 50% Rebate 50% of Use Tax on Purchase of Tangible Goods30 Days from Receipt of Doc7,500First Year 3% Use Tax x 50% For First Twelve Months of OperationFirst Year 3% Sales Tax x 100% Rebate 100% of Incremental 3% General Sales TaxQuarterly Installments:800,000Second Year 3% Use Tax x 50% For First Three Years of Operations 01/31, 04/30, 07/31, 10/31Second Year 3% Sales Tax x 100% Contribution for Community Room - Limited to $150,00030 Days After Issuance of C.O.150,000Third Year 3% Use Tax x 50% No Other Limitations.Third Year 3% Sales Tax x 100% Must Commence Operations On or Before 12/31/14- Sierra Nevada11/05/12Rebate 50% of Building-Related Permit Fees on Tenant Finish30 Days After Issuance of C.O.11,000Building-Related Fees x 50% (315 CTC Blvd)67-2012Rebate 50% of Construction Use Tax for Core and Shell17,000Construction Use Tax x 50% Must Complete by 12/31/13. Limited to $28,000Total-