City Council Minutes 2014 09 16 - Laserfiche WebLink

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City Council Meeting Minutes September 16, 2014 Page 3 of 18 Broomfield. They have outgrown their current facility and are considering locations in Broomfield, Longmont and Louisville. The Louisville site at 1900 Cherry is currently under construction. WWF operations would occupy 50,000 sf of the 66,350 sf building. The building is owned by Etkin Johnson and nearly ready for tenant finish. There is potential to bring 45 new jobs to Louisville and a possible expansion to 100 employees in 5 years with wages above the Boulder County average. $3,500,000 is proposed for tenant improvements, which would provide $90,000 in City Permit Fees and Construction Use taxes. $10,000,000 in furniture and equipment investment above the tenant improvements would provide $350,000 in consumer use taxes. The proposed assistance would be as follows: • 50% rebate of City Building Permit Fees = $17,000 value • 50% rebate of Construction Use Taxes = $26,000 value • 50% rebate of Consumer Use Taxes = $150,000 value • Incentives capped at 50% of fees and taxes paid — Total estimated assistance $193,000 Staff recommendation: Approve Resolution No. 51, Series 2014 — A Business Assistance Package with WWF Operating Company. APPLICANT PRESENTATION Adam Glass, Rhino LLC, hired by White Wave thanked the Council for this opportunity and introduced Joseph Sklenar, Vice President and Comptroller of WWF Operating Company. Mr. Sklenar thanked the Council for their consideration of the Business Assistance Package and stated he would be glad to answer any questions. COUNCIL COMMENT Council member Lipton commented WhiteWave is a wonderful company and welcomed them to Louisville. Council member Keany stated this is a great opportunity for the City. Council member Stolzmann felt WhiteWave would be a great fit for the community. MOTION: Council member Keany moved to approve Resolution No. 51, Series 2014, seconded by Mayor Pro Tem Dalton. Roll call vote was taken. The motion carried by a vote of 7 -0. PUBLIC OUTREACH TASK FORCE RECOMMENDATIONS Mayor Muckle requested a staff presentation. Acting Deputy City Manager Muth explained the City Council created the Public Outreach Task Force in March. The Task Force has had five meetings. The Public Outreach Task Force was made up of the following Louisville residents: Aquiles