City Council Minutes 2007 10 02 - Laserfiche WebLink

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City Council Meeting Minutes October 2, 2007 Page 10 of 12 MOTION: Mayor Pro Tem Bnown moved Council approve Resolution No. 52, Series 2007, with the following amendments: One Page 2, the eighth WHEI~EAS, be modified to read: WHEREAS, the City Council has determined that 2A "may potentially mislead the citizens of Louisville by implying" the City Council has relinquished planning, financial and other control over potential development in the urban renewal area"; One Page 2, the sixth WHERIEAS be modified to add at the end of the sentence, the following words: "pursuant to the aforementioned resolutions"; On Page 2, the last sentence be revised to read "The City Council of the City of Louisville does hereby declare that it does not support Initiative 2A,striking the phrase "of, and urges a NO vote for,"; On Page 1, the title of the resolution be modified to strike "and urging a no vote on Initiative 2A Ballot Issue". Council member Marsella seconded the motion. MOTION: Council member Muckle moved to table the motion, seconded by Council member Yarnell. Roll call vote was taken. The motion failed by a vote of 5-2. Council members Yarnell aind Muckle voted yes. VOTE ON THE MAIN MOTION: Roll call vote was taken. The motion carried by a vote of 5-2. Council membE:r l~'arnell and Muckle voted no. RESOLUTION No. 54, SIERNES 2007 - A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH PROMOTECH RESEARCH ASSOCIATES, INC. FOR'fHE OCCUPANCY OF NEWLY CONSTRUCTED SPACE AT 1775 CHERRY STREET IN THE COLORADO TECH CENTER IN THIE CITY OF LOUISVILLE Mayor Sisk requested a presE:ntation. Becky Hogan, EDge Consulting, 52 Steele Street, Denver, CO reviewed the proposed economic development business assistance package (BAP) for the Promotech Research Associates, Inc, which is an existing Louisville company wishing to expand. She introduced Mr. Warren Merlino, Vice President and Managing Director for Promotech Research Associates, Inc. Mr. Merlino introduced his business partners and explained Promotech provides consultative and integrated diistribution services within the pharmaceutical industry for non-personal proimotion needs. The company has been in business for eighteen years, and currenntly employs eighty people. They are currently considering leasing approximately 96,797 SF of newly constructed space at the Colorado Tech Center.