HomeMy WebLinkAbout1997 Resolution No. 050•
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RESOLUTION NO. S{)._
SERIES OF 1997
A RESOLUTION AUTHORIZING AN INCENTIVE PAY.llENT AGREEMENT
BETWEEN OMNI DEVELOPMENT CORPORATION' AND THE CITY OF
ENGLEWOOD FOR OMNI DEVELOPMENT CORPORATION'S NEW BUSINESS
FACILITY TO BE LOCATED AT 750 WEST HAMPDEN, THE CITY OF
ENGLEWOOD , COLORADO.
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WHEREAS, pursuant to the provisions ofSectwn 31-lf>-903, C.R.S., the City bas the
authority to negotiate for incen ·.i ve payments or credits with taxpayers who establish new
business facilities or who expand existing buain.ess !acilities; and
WHEREAS, pursuant to this legia!ation, a City and a tu, ,ayer maj' negot'ate a contract
for an i~<•ntive payment or a credit from 3 City to a tapaye . .-relating ta the new or
erpanded business facilities;
NOW, THEREf·ORE. Bl1: IT RESOLVED BY THE CITY C01.,1'C IL OF THE CITY OF
ENGLEWOOD , COLORADO , THA',:
Sl:!:rum..l. The City Council of the City of Englewood. CDlo .... ~o hereby authorizes the
Incentive Payment Ag-reement betw""n Jmni 0eve!c;,m"'1t Corporation ar.d the City of
Englewood, attached hel" :.o as 'Exhibit l" .
ADOPTEL' AND APPROVED this 21st day oi April :997.
LL df&
Loucrishia A. Ellis, City Clerk
I. Loucrishla A. Ellis , City Clerk fo r the Cit)· of ,:,ngiewood, olorado. here by certify the
abo\·e is a true copy of Resolution ~o..22, Series of 1997. 1
I ~dls
Loucri shia A. EiJis
F.XHllllI..l
INCENTIVE PAYMENT AGREEMENT
This Agreement is entered into by and between the City of Englewood oftbe County of
Arapahoe , State of Colorado(" tbe City") and Omni Develop 1•ent Corporation
("Taxpayer").
WHEREAS, pursuant to the provisions of Section 31-15-903, C.R.S ., the Cit.y has the
authority to negotiate for incentive payments or credits with taxpayers who establish new
business facilities or who expand existing business facilities; and
WHEREAS, pursuant to this legislation, a City and a taxpayer may negotiate a conlTact
fo r an incentive payment or a credit from n City to a taxpayer relating to the new or
e xpanded bu siness facilities; end
WHEREAS, the City and the Taxpayer desire to negotiate such a conlTact .
NOW , THEREFORE , IT IS AGREED by th e City of Englewood and the ",axpayer as
folJ ows :
l. The Taxpayer will establish a new business facility , as defined in Section 39-22 -
508.:?(3), C.R.S ., but excluding the requirements or paragraph (b) of so.id subsection
(3), in the City of Englewood. This new business fac ; ·ty wi ll be Jocalt,d at 750 West
Hampden, Englewood , Colorado SOHO . The purposes and functions of this new
bu s iness facility includt office facilities, customer seriice faciliti es and data
processing faciliti es for chec k cl ea rin g, ca ll •handling and mon ey order record s
retention services .
2. The City shall infonn the School Di stri ct and Co un ty , in which the Taxpaye r's new
bu s iness facility or expan ded business facili ty is loca ted. of thi s greement. Th e
'J'e ·payer s hall be respor..si!Jle fo r nego tiating separate incentive paym ent
•grecments with the atfected School Di stri ct and County .
3. Th r City sh all provi de a rebate to Omni Developmer.! Corpo ration in th e amount of
$8,7C ')Q for us e tazes paid by Omni Developuent Corporation for bu il riin g
mate ri als.
4 . The City s hall match fundint; fo r qualifi ed ex teri or · ;capin g/vi suol
improvemcots up to a maximum of $8,75 0.00 . Qualiti ..:a exteri or land s caping vis ual
improvements includ e orn amental stree t lights, shade trees , shrubs, living ground
cover, rock cove r/mulch . irri ga tion eq uipm e nt and benches . Pri or to any match
paym ent the Taxpaye r shall provid e th e City with a landsca pe plan s uffici entl y
detail ed to outlim. the proposed impro ve ments. In vo ices shall also be submitted tha v
reques t fu nding ftJ r landsca pin g per th e appr oved plan .
5. The Ta."<pay er shall not assign or transfer its interest in this Agieement without the
written co nsent of th e City . Any unauth oriz ed assignment or transfe r s hall render
thi s Agreement null . vo id an d ofno effect as to the City.
6. Thi s Agreement may not be modifi ed, amend ed or oth e rwise altered unl ess mutu ally
agreed upon in wnting by the parties he reto .
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7. Either party may tnm.inata t:!riB Agreement w;tl . or without good cause shown upon 30
days written notice to the c,i_. party prior t.o term.'nation. In the event of termination
by the City, no damages, 6pmated or otherwiae, aL.U inure to the benefit of tho
Taxpayer .
8. Unless otherwise agreed ill --riting, lhiB Agreement and the inte rpretation thereof
shall be governed by the ta-iufthe State of Colorado .
9. Should any provis ion of tlm i!,greement be determined by a court of competent
jurisdiction to be unconstiam:mal or otherwise null and void, it is the intent of the
parties hereto that the rem.rin:ing provisions of this Agreement shall be of full force
and effect.
10. Notices to be provided under lllhis Agreement shall be given in writing wither by hand
de livery, or deposited in the UJn ited States mail, certified mail , return receipt
r equested, with sufficient po,,,tage, to the fuUowu,.; persons :
City of Englewood
Attn: City Manager
3400 South Elati Street
Englewood, Colorado 80110,
Omni Devel opment Co rporation
Attn: Dennis L. Witte
770 West Hampden -Suite 200
Englewood, Colorado 801 JI
JI. This Agreement represents c!:i,, entire and integrated agreement oetween the parties
and supersedes all prior negctii.ations and representations whether written or oral.
Nothing herein shall be d"""""'1 to create any contractual relationship, e ither express
or implied , between and any cdler consultant or contractor or mnterinl suppli er to the
City of Englewood . Nothing b!:rein sh a ll be <lee med to give anyon e not a party to this
Agreement any right of action .against a party which docs not otherwi se exist without
regard to this Agree menL
ATTEST : OMNI Dtl VELOPMENT CORPORATION
By :-------------
Title :
ATTEST : CI, Y OF ENGLEWOOD
B y : _____ --------
Loucrishia A. Elli s, City Cier k Th om:i s J. Burns, M dyor
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