The URL can be used to link to this page

Home My WebLink About2014 Ordinance No. 033ORDINANCE NO. 6$ SERIES OF 2014 BY AUTHORITY COUNCIL BILL NO. 34 INTRODUCED BY COUNCIL MEMBER OLSON AN ORDINANCE AUTHORIZING ACCEPTANCE OF A GRANT FROM THE STATE OF COLORADO, ECONOMIC DEVELOPMENT COMMISSION FOR FUND ADMINISTRATION ACTNITIES FOR THE ARAPAHOE COUNTY ENTERPRISE ZONE. WHEREAS, in 1990 the City of Englewood applied to the Colorado Department of Local Affairs and was granted, Enterprise Zone status for a majority of the industrially and commercially zoned property in the City of Englewood; and WHEREAS, the City of Englewood is the administrator for the Arapahoe County Enterprise Zone for the cities of Sheridan, Littleton and Englewood; and WHEREAS, this year the State of Colorado Economic Development Commission issued an unsolicited grant to the City of Englewood to reimburse the City for the administration of the Enterprise Zone WHEREAS, the State Economic Development Commission has a grant program for administrative support of Enterprise Zones; and WHEREAS, the Enterprise Zone is used in the City to initiate business retention business expansion and business attraction activities; and WHEREAS, the Colorado State Economic Development Commission requires that the City provide matching funds to meet Grant requirements; and WHEREAS, the Grant and related Agreement between the State of Colorado Economic Development Commission and the City of Englewood pledges $16,300.00 in local matching funds to meet this obligation; and WHEREAS, matching funds have been allocated in Community Development's budget; and WHEREAS, this Grant and the matching funds will be used for Enterprise Zone administrative activities and will reimburse the City of Englewood for staff time and expenditures. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: 9b i Section 1. The State of Colorado, Economic Development Commission Colorado Purchase Order #PO EDA 14-176 for the Grant of $16,300.00 to be used for Enterprise Zone Marketing and Administrative activities, attached hereto as Exhibit A, is hereby accepted. Introduced, read in full, and passed on first reading on the 16th day of June, 2014. Published by Title as a Bill for an Ordinance in the City's official newspaper on the 20th day of June, 2014. Published as a Bill for an Ordinance on the City's official website beginning on the 18th day of June, 2014 for thirty (30) days. Read by title and passed on final reading on the 7th day of July, 2014. Published by title in the City's official newspaper as Ordinance No. M, Series of 2014, on the 11th day of July, 2014. Published by title on the City's official website beginning on the 9th day of July, 2014 for thirty (30) days. P ~:t~- ."tf. I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is,f sue copy of the Ordinance passed on final reading and published by title as Ordinance No.~ Series of 2014. . ·cf:$ OFFICE OF ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE Date: 3/26/14 IMPORTANT PURCHASE ORDER STATE OF COLORADO • Buyer: Frank Tamayo The PO# and Line# must Phone Number: 303-B66-3141 Agency Contact: SONYA GURAM Phone Number: 303-892-3840 FEIN: 846000583 Phone appear on all Invoices, P.O.# PO EDA 14-176 packing slips, cartons and correspondence CMS# Stale Award# ACC: BID# Invoice In Triplicate To: Vendor Contact: Nancy Fenlon Purchase Requisition#: OFflCE Of ECONOMIC DEVELOPMENT ANO INTERNATIONAL TRADE (OEDIT) V City of Englewood e n 1000 Englewood Pkwy d Englewood, CO 80110 0 r INSTRUCTIONS TO VENDORS: 1. If for any reason, delivery of this order Is delayed beyond lhe dellvery/lnslallatlon date shown, please notify lhe agency contacl named al lhe lop felt. (Righi of cancellation is reserved In Instances In which timely delivery Is nol made.) 2. AU chemlcals, equipment and materials must confom, to the standards required by OSHA. 3. NOTE: Addillonal lenns and conditions on reverse side. LINE ITEM 001 SPECIAL INSTRUCTIONS: COMMODITY/ITEM CODE l.Gcneral Description UNITOF MEASUREMENT 1625 BROADWAY, STE. 2700 DENVER, CO 80!02 Pa ment will made b this a enc Ship To: OFFICE OF ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE (OEDITJ 16'.!5 BROADWA V, STE. 2700 DENVER. CO 80202 Dellverynnstallalion Date: F.0,11, STATE PAYS NO FREIGHT QUANTITY UNIT COST TOTAL ITEM COST $16,300.00 This purchase order granls runds ror local administration of 1hc Enterprise Zone Program in calendar year 2014. Enterprise Zone administrative agencies arc designated by the Economic Development Commission. This runcling shall be applied to direcl administrative costs for the Program including personnel, over-head, and Enterprise Zone marketing materials. A dollar-for-dollar match or the award by the Grantee for Program administration is required 2. Definitions A. "Economic Development Commission" means lhc body authorized under C.R.S. 24-46-102. B. "Enterprise Zone" and "EZ" means the Colorado Enterprise Zone program authorized under C.R.S. 39-30-10 I to 112. C. "Granlee" is City of Englewood D . "Program" means the En1erprise Zone program 3. Obligations A. Grnntce shall administer the Enterprise Zone Program locally, and may requesl reimbursement for direct adminis1rativc costs including personnel, over-head, nnd marketing malcrinls. B. Adminis1ra1ion includes at a minimum: i. Pre-Certifying and Certifying all EZ lax credits using the Slate's systems and/or forms, I! ~ I 8 + A i. Acting 11s thi= local resource for questions and implementation or the Program, iii. Managing 11ny authorized Contribution Projects as allowed by the St111utes1 and iv. Reporting data 10 the State as required. C. Grnnlee must expend an equal amount rrom local runds as the amount requested from OEDIT. 4. Personnel Grantee's performance hereunder shall be under the direct supervision of Nancy Fenton, an employee or agent of the Grantee, who is hereby designated as the responsible adminislrator of this Purchase Order. S. Payments and Budget A. The Grantee will be reimbursed ror actual costs up to a maximum amount of$16,300.00 which OEDIT agrees to pay for completion of the Obligations outlined herein. B. Grantee shall invoice OEDIT via n signed teller stating the total amount spent for Program Administration (hnlr of which will be reimbursed under this Purchase Order. Grantee shall attach an accounling report to lhc leller identifying lhe direct Progrum administrnlivc costs. C. Grantee muy submit invoices as frequently as quarterly, for expenses incurred during the calendar quarter, within 60 days following the quaner end-date. Otherwise, invoices may cover any combination of quarters in the calendar year, but must be submiUed at least annunlly by msno I 5 for expenses incurred in calendar year 2014. D. Grantee expenditures for Program administration from 1/1/2014 may be used to fulfill the required match for the award. Expcnditur0S made following the dale of the Purchase Order may be reimbursed by the Stute. E. The State is prohibited by law from making commitments beyond the lerm of the State's current fiscal yenr. Therefore, Grantee's compensation beyond 1he State's current Fiscal Year is conlingcnt upon lhc con1inuing 11vail11bility of Stale appropriations as provided in the Colorado Special Provisions. 6. Remedies Should the Ohligalion~ oullined in 3 nhove nol he fullilled in full, OEDIT may withhold paymenl in full or in part ns determined by OEDIT. 7. Administrative Requirements -Accounting A. Payee shall maintain properly segregated books to identify the work associated with 1his purchase order. B. All receipts and expenditures associated with the work shall be documen1ed in a detailed and specific manner. C. Payee shall make and maintain accounting and financial books and records documenting its performance hereunder in n form consislenl with good accounting practices. TOT AL $16.)00.00 THIS PO IS ISSUED IN ACCORDANCE WITH STATE AND FEDERAL REGULATIONS FOR TIIE This PO Is effective on the date signed by the 11.uthoriud individull). • • COUNCIL COMMUNICATION Date: Agenda Item: Subject: June 16, 2014 9 a i State of Colorado -Enterprise Zone Administrative Grant -PO EDA 14-1 76 Initiated By: Staff Source: City Manager's Office Darren Hollingsworth Economic Development Manager COUNCIL GOAL AND PREVIOUS COUNCIL ACTION Economic Development Goal: Initiate business retention, revitalization, and growth strategies. Economic Development Goal: Leverage City resources through grant funding. RECOMMENDED ACTION Staff recommends that City Council adopt the attached Bill for Ordinance accepting $16,300 from the State of Colorado -Economic Development Commission (EDC). This grant will be used to fund administration activities for the Arapahoe County Enterprise Zone. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED In 1990, the City applied to the State of Colorado and was granted Enterprise Zone status for a majority of the industrial and commercial properties in Englewood. Englewood administers the Arapahoe County Enterprise Zone for the Cities of Sheridan, Littleton, and Englewood. The Economic Development Commission (EDC) has authorized a grant program for Enterprise Zones, which provides funding to reimburse administrative expenses. last year the EDC authorized a matching grant of $4,500 for the Arapahoe County Enterprise Zone. This year the EDC has significantly increased the funding authorization to $16,300. The tax credits offered through the Arapahoe County Enterprise Zone support the following economic development goals: Business retention; Community revitalization; and, Economic growth strategies . Businesses located within the enterprise zone are eligible for State of Colorado income tax credits in the following areas: 1. 3% investment tax credit for equipment acquisition 2. $500 per employee tax credit for new and expanding business facilities 3. Two-year credit of $200 per employee, total $400, for employer sponsored health insurance programs for new and expanding businesses. 4. Tax credit of 10% for expenditures on job training and school-to-career related programs. 5. Tax credit of up to 25% of expenditures to rehabilitate vacant buildings 20 years old and vacant for a minimum of 2 years. last year 63 businesses claimed tax credits through the Arapahoe County Enterprise Zone and invested approximately $22 million in capital improvement. These businesses claimed approximately $710,000 in tax credits. These tax credits are meant to drive the creation, retention and addition of jobs in the Enterprise Zone. FINANCIAL IMPACT The Economic Development Commission requires that the City provide matching administrative funds to meet grant requirements. The attached terms of the purchase order require that the City of Englewood pledge $16,300 in local matching funds to meet this obligation. These funds are included in the Community Development's 2014 budget. Grant and matching funds will be used to reimburse the City of Englewood for staff expenditures related to the administration of the Arapahoe County Enterprise Zone. LIST OF ATTACHMENTS Proposed Bill for Ordinance ..... ' •