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 Total15,205.81 100-Mile Mercantile01/03/12Rebate 40% of Incremental 3% General Sales TaxAnnually On or Before January 3117,000First Year 3% Sales Tax x 40%Void: (1817 Hwy 42)1-2012 For First Three Years of OperationsSecond Year 3% Sales Tax x 40%Did Not Must Commence Operations Prior to October 1, 2012Third Year 3% Sales Tax x 40%Commence Limited to $17,000 in Total AssistanceTotal Assistance-Operations Gravity Brewing, LLC02/07/12Rebate 40% of Incremental 3% General Sales TaxAnnually On or Before January 313,500First Year 3% Sales Tax x 40% 8-2012 For First Four Years of OperationsSecond Year 3% Sales Tax x 40% Must Commence Operations Prior to September 30, 2012Third Year 3% Sales Tax x 40% Limited to $3,500 in Total AssistanceFourth Year 3% Sales Tax x 40% Total Assistance- Global Imaging, Inc02/07/12Rebate 50% of Building-Related Permit Fees on Tenant Finish120 Days After Issuance of C.O.1,550Building-Related Fees x 50%1,424.50May 2012 9-2012Rebate 50% of Use Tax on on Core and Shell & Tenant Finish1,390Construction Use Tax x 50%1,425.00(Complete) Must Occupy Site by September 30, 2012Total2,849.50 Pearl Izumi USA, Inc02/07/12Rebate 50% of Building-Related Permit Fees on Tenant Finish30 Days After Issuance of C.O.43,100Building-Related Fees x 50% 10-2012Rebate 50% of Use Tax on on Core and Shell & Tenant Finish30 Days After Issuance of C.O.75,000Construction Use Tax x 50% Rebate 50% of Use Tax on Purchase of Tangible Goods30 Days from Receipt of Doc38,100First Year 3% Use Tax x 50% 04/03/12 For First Four Years of Operation - No LimitFirst Year 3% Sales Tax x 40% 19-2012Rebate 40% of Incremental 3% General Sales TaxAnnually On or Before January 31-Second Year 3% Use Tax x 50% For First Five Years of OperationsSecond Year 3% Sales Tax x 40% Must Occupy Site by December 31, 2014Third Year 3% Use Tax x 50% Third Year 3% Sales Tax x 40% Fourth Year 3% Use Tax x 50% Fourth Year 3% Sales Tax x 40% Fifth Year 3% Sales Tax x 40% Total- Etkin Johnson Group02/21/12Rebate 50% of Building-Related Permit Fees for the Project120 Days After Issuance of C.O.13,930Building-Related Fees x 50% 17-2012Rebate 50% of Construction Use Tax for the Project21,750Construction Use Tax x 50% Must Complete Construction by February 21, 2015Total- Kitchen Coop, LLC02/21/12Rebate 50% of Building-Related Permit Fees on Tenant Finish120 Days After Issuance of C.O.9,430Building-Related Fees x 50% 18-2012Rebate 50% of Use Tax on on Core and Shell & Tenant Finish120 Days After Issuance of C.O.13,500Construction Use Tax x 50%Void Rebate 50% of Use Tax on Purchase of Tangible Goods30 Days from Receipt of Doc12,000First Year 3% Use Tax x 50%Did Not Locate For First Two Years of Operation - $12,000 LimitSecond Year 3% Use Tax x 50%in Louisville Must Occupy Site by December 31, 2012Total- Wild Woods Brewery & Pub, Inc03/06/12Rebate 40% of Incremental 3% General Sales TaxAnnually On or Before January 3118,000First Year 3% Sales Tax x 40% (330 McCaslin Blvd)20-2012 For First Three Years of OperationsSecond Year 3% Sales Tax x 40%Void Must Commence Operations Prior to December 31, 2012Third Year 3% Sales Tax x 40%Did Not Locate Limited to $18,000 in Total AssistanceFourth Year 3% Sales Tax x 40%in Louisville Total Assistance- Quantum Corporation03/20/12Rebate 50% of Building-Related Permit Fees on Tenant Finish120 Days After Issuance of C.O.4,500Building-Related Fees x 50% 22-2012Rebate 50% of Construction Use Tax for the Project4,000Construction Use Tax x 50% Must Complete Construction by March 31, 2013Total- Limited to $9,000 of Total Assistance Greffex, Inc.04/03/12Rebate 50% of Building-Related Permit Fees for the Project120 Days After Issuance of C.O.6,663Building-Related Fees x 50%Void (Council requested staff to "negotiate"27-2012Rebate 50% of Construction Use Tax for the Project7,500Construction Use Tax x 50%Did Not Locate 50% rebate of consumer use tax over Must Complete Construction by December 31, 2012Total-in Louisville