HomeMy WebLinkAboutR92-013 enterprise zone tax incentives for Eagle Gypsum ProductsCommissioner moved adoption
of the following resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 92 - 13
CONCERNING ENTERPRISE ZONE TAX INCENTIVES
FOR EAGLE- GYPSUM PRODUCTS' TAXABLE
REAL AND PERSONAL PROPERTY
WHEREAS, the Northwest Rural Enterprise Zone was established
in accordance with the Urban and Rural Enterprise Zone Act, Section
39 -30 -101, C.R.S., et sect (hereinafter the "Act "); and
WHEREAS, the Board of County Commissioners of Eagle County,
Colorado (hereinafter "the Board ") has found that the purposes of
the Act are to encourage, develop and expand opportunities for
employment in the private sector in this state; to provide
incentives for the expansion of private enterprise and for new
businesses to locate in economically needy areas; to provide more
job opportunities for residents of such areas; and, to establish
tax incentives and other assistance in order to encourage private
enterprises to expand and locate in this state; and
WHEREAS, Eagle- Gypsum Products has established within the
incorporated Town of Gypsum, Eagle County, Colorado, which is
located in the Northwest Rural Enterprise Zone, a business facility
for the manufacture of wall board products; and
WHEREAS, the Board, by Resolution No. 90 -91 and Resolution No.
91 -3, granted a tax incentives relative to the taxable real
property of Eagle- Gypsum Products known as tax schedule number
0006436, and the personal property identified by tax schedule
number P020870, located in Gypsum (Eagle County), Colorado,
pursuant to Section 39- 30- 107.5, C.R.S.; and
WHEREAS, Eagle- Gypsum Products has requested that the Board
grant similar incentives for the tax year 1991, which taxes are due
and payable in 1992; and
WHEREAS, the Board finds that the beneficial aspects of the
Eagle - Gypsum Products' manufacturing facility located in Gypsum,
Colorado, will be increased, and the general welfare of the
residents of Eagle County will be further promoted, by granting a
tax incentive relative to the taxable property of Eagle- Gypsum
Products referenced above, hereinafter set forth.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT in 1992, the Board shall make an incentive payment to
Eagle- Gypsum Products, Gypsum (Eagle County), Colorado, equal to
Fifty Percent (50 %) of the difference between the taxes paid on
the real and personal property for tax year 1991 and the tax
liability for the real and personal property for the base year.
THAT, the incentive payment granted hereby shall be limited
to and only include reimbursement of that portion of the real and
personal property taxes imposed and collected by the County,
exclusive of the taxes levied by other governmental or quasi -
governmental agencies and municipalities.
THAT, the base year shall be the year preceding the year in
which the enterprise zone was established (base year: 1989). The
tax amount for that year is $0.00 for schedule number P020870
(personal property), and $216.51 for schedule number 0006436 (real
property).
THAT, upon timely and complete payment of all 1991 real and
personal property taxes payable in 1992 by Eagle- Gypsum Products,
the County Commissioners shall, within thirty days after Eagle -
Gypsum Products has submitted proof of full payment of said taxes,
provide incentive payment unto Eagle- Gypsum Products in the
aforesaid percentage of benefit, excluding interest and penalties
paid, if any.
THAT, in no instance shall the total incentive payment issued
under this resolution exceed $89,000.00.
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THAT, the Board hereby reserves
similar incentives, up to 100 percent
between taxes paid and the base year
Products for said property for the 1992
consideration shall include but not be
need by Eagle - Gypsum Products and the
budget resources.
its ability to consider
(100°x) of the difference
taxes, for Eagle- Gypsum
and 1993 tax years. Said
limited to an analysis of
Board's other demands on
THAT, the Board hereby finds, determines and declares that
this Resolution is necessary for the public health, safety and
welfare of the residents of the County of Eagle, State of Colorado.
MOVED, READ, AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the 0 day of February, 1992.
COUNTY OF EAGLE,
COLORADO, By and
BO COUNTY
By: '
za
rk to the Board of V
County Commissioners
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Ri6hard L. Gdsta
STATE OF
Through Its
COMMISSIONERS
son,
Donald H. Welch, Commissioner
George Gates, Commissioner
J
Commissioner seconded adoption of the
foregoing resolution. The Joll having been called, the vote was
as follows:
Commissioner Donald H. Welch
Commissioner George A. Gates c.
Commissioner Richard L. Gustafson
This Resolution passed by �J dd vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
90 -72
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