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HomeMy WebLinkAbout107 - 08/01/1989 - GRANTING AN EXEMPTION TO ESAB AUTOMATION, INC. FOR CERTAIN DEVELOPMENT AND UTILITY FEES AND MAKING A ORDINANCE NO. 107, 1989 OF THE COUNCIL OF THE CITY OF FORT COLLINS GRANTING AN EXEMPTION TO ESAB AUTOMATION, INC. FOR CERTAIN DEVELOPMENT AND UTILITY FEES AND MAKING APPROPRIATIONS FROM PRIOR YEAR RESERVES IN THE GENERAL FUND INTO VARIOUS FUNDS OF THE CITY TO COVER THE FEES EXEMPTED WHEREAS, ESAB Automation, Inc. , (the "Company") is considering relocating and expanding its robotics manufacturing and assembling facilities in Larimer County into the municipal boundaries of the City; and WHEREAS, the Company proposes to construct a new 120,000-square-foot manufacturing facility on 8.2 acres of land in the City located at Innovation Drive, Oak Ridge Business Park, Fort Collins, Colorado; and WHEREAS, the Council of the City of Fort Collins has determined that it is in the best interests of the City that the Company relocate its manufacturing facilities into the City; and WHEREAS, the Council has further determined that, if the Company should relocate its manufacturing facilities into the City, the City will realize, over a ten-year period, approximately $159,415 in increased sales, use, and property tax revenue; and WHEREAS, the relocation of the Company facilities into the City will also benefit the City by reason of additional employment opportunities and the corresponding additional stimulation of the City's economy; and WHEREAS, in consideration of the aforesaid benefits to be accrued by the City in the event of the relocation of the Company manufacturing facility into the municipal boundaries of the City, the Council has determined that the Company should be exempt from the payment of the following utility and development fees: Street Oversizing, Building Permit, Plans Review, Water Tap, Sewer Tap, Storm Drainage and Electrical Development fees; and WHEREAS, the Council has further determined that the funds of the City which are supported by the payment of the aforesaid fees should be reimbursed from prior year reserves in the City's general fund. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That ESAB Automation, Inc. be exempted from the payment of the following fees in consideration of its relocation and expansion of a robotics manufacturing and assembling facility into the City of Fort Collins, which fees are estimated to be in the following amounts: Y EXEMPTED FEE ESTIMATED AMOUNT Street Oversizing $ 43,066 Building Permit 12,087 Plans Review 5,819 Water Tap 10,000 Sewer Tap 5,300 Storm Drainage 15,500 Electrical Development 25,000 TOTAL $116,772 Section 2. That the sum of One Hundred Fifty Thousand Dollars ($150,000) is hereby appropriated from prior year reserves in the general fund for transfer into the following funds according to the following estimates; provided, however, that the actual amount so transferred shall not exceed the actual amount of fees finally determined by the Director of Development Services or his designee: EXEMPTED FEE AMOUNT FUND Street Oversizing $ 43,066 Street Oversizing Building Permit 12,087 General Plans Review 5,819 General Water Tap (1.5") 10,000 Plant Investment Sewer Tap 5,300 Plant Investment Storm Drainage 15,500 Storm Drainage Electrical Dev. 25,000 Light and Power EST. TOTAL APPROP. $116,772 (Not to exceed $150,000) Section 3. That the grant of the foregoing exemption to the Company is made in reliance upon the completion of the relocation by the Company and the continuation of the Company in the proposed business at the site of the relocation for a period of ten (10) years after completion of construction. In the event that the Company should fail to complete the relocation, or should fail to conduct the proposed business upon the site of the relocation for a period of ten (10) continuous years, then, to the extent that the City has not been the beneficiary of use, sales and property taxes in an amount equal to the exemption, the Company shall be responsible to the City for the prompt reimbursement of any such shortfall and economic benefit to the City. The duty of the Company to make such reimbursement small commence immediately upon the cessation of business operations upon the site or, in the event that business operations have not been commenced upon the site, upon the cessation of construction activities upon the site for a period of six months. If the Company, after receiving demand from the City to make reimbursement in accordance with this provision, should fail or refuse to so reimburse the City within thirty (30) days of receipt of such demand, then the City shall have a first and prior lien against any real property of the Company located within the boundaries of the City for the purpose of enforcing such reimbursement. The City may, but is not required to, record a statement of lien with the County Clerk and Recorder evidencing such lien. (J Introduced, considered favorably on first reading, and ordered published this 18th day of July, A.D. 1989, a d to be presented for final passage on the 1st day of August, A.D. 1989. Mayor ATTEST: 'City Clerk Passed and adopted on final reading this day of August, A.D. 1989. Q�u Mayor TTEST: City Clerk QN