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TITLE 3 - REVENUE AND FINANCE <br />Chapter 3.24 TAX AND FEE BUSINESS ASSISTANCE PROGRAM <br />forth in Chapter 3.20 of this Code; and (ii) the temporary one -eighth of one percent sales tax for <br />historic preservation purposes imposed for the ten-year period beginning on January 1, 2009 as set <br />forth in Section 3.20.605 of this Code; and (iii) the fifteen one hundredths percent (.15%) Recreation <br />Center Tax imposed on January 1, 2018. Such revenues shall not be used, impaired or otherwise <br />affected by the BAP. <br />(Ord. No. 1507-2007, § 1, 1-16-2007; Ord. No. 1571-2010, § 2, 5-4-2010) <br />Sec. 3.24.090. Criteria for approval. <br />Approval of an application for inclusion in the BAP shall require the affirmative vote of four members <br />of the city council and in some cases the City Manager specified in Section 3.24.050, at a public hearing <br />held as a portion of a regularly scheduled city council meeting, based upon city council consideration of <br />the following criteria: <br />A. The amount of enhanced sales taxes which are reasonably to be anticipated to be derived by the <br />city —whether by retention of taxes, creation of new taxes, or a combination thereof —through the <br />expanded or new retail sales tax generating business; <br />B. The public benefits which are provided by the applicant through public works, public or public -related <br />improvements, additional and/or retained jobs and employment opportunities for city residents and <br />others, etc.; <br />C. The quality of the proposed development; <br />D. Whether the proposal utilizes an existing building(s); <br />E. Whether the proposal complements existing Louisville businesses (i.e. a buyer or supplier that <br />serves an existing business in the city); <br />F. Whether the proposal represents redevelopment to an area or building in the city; <br />G. Whether the proposal represents job diversity in industry sectors and is part of a growing industry; <br />H. The proposal's contribution to the diversity of retail or to the diversity of jobs or employment <br />opportunities within the city; <br />I. Whether the proposal brings a value added result to the city or a development within the city (for <br />example, by moving the company's corporate headquarters to the city); <br />J. The amount of the business assistance as a percentage of new revenue anticipated to be created by <br />the proposal (for example, by relocation the company to Louisville); <br />K. The amount of expenditures which may be deferred by the city based upon public or public -related <br />improvements to be completed by the applicant; <br />L. The conformance of the applicant's property or project with the comprehensive plan and zoning <br />ordinances of the city; and <br />M. Whether a proposed agreement required by section 3.24.100 has been reached, which agreement <br />shall contain and conform to all requirements of said section 3.24.100 <br />(Ord. No. 1507-2007, § 1, 1-16-2007) <br />Sec. 3.24.100. Agreement with city; required; contents. <br />Each application for approval submitted to the city council or City Manager shall be subject to <br />approval by the city council or City Manager solely on its own merits. Approval of an application shall <br />require that an agreement be executed by the applicant and the city, which agreement shall, at a <br />minimum, contain: <br />Louisville, Colorado, Code of Ordinances Page 4 <br />17 <br />