HomeMy WebLinkAboutR91-003 enterprise zone tax incentives for eagle gypsum products`/0 7Z
Commissioner d moved adoption
of the following resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 91 --0 =
CONCERNING ENTERPRISE ZONE TAX INCENTIVES
FOR EAGLE- GYPSUM PRODUCTS' TAXABLE 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 seg. (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, Ltd
Products) has established within
Eagle County, Colorado, which is
Enterprise Zone, a new business
wall board products; and
. (also known as Eagle- Gypsum
the incorporated Town of Gypsum,
located in the Northwest Rural
facility for the manufacture of
WHEREAS, the Board, by Resolution No. 90 -91, granted a tax
incentive relative to the taxable real property of Eagle- Gypsum,
Ltd., known as tax schedule number 0006436 located in Gypsum (Eagle
County), Colorado, pursuant to Section 39- 30- 107.5, C.R.S.; and
WHEREAS, the Board finds that the beneficial aspects of the
Eagle- Gypsum, Ltd.'s 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 personal property of Eagle -
Gypsum, Ltd., identified by tax schedule number P020870, as
hereinafter set forth.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT in 1991, the Board shall make an incentive payment to
Eagle - Gypsum, Ltd., Gypsum (Eagle County), Colorado, equal to the
difference between One Hundred Percent (100 %) of the taxes paid on
the personal property for tax year 1990 and the tax liability for
the 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 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.
THAT, upon timely and complete payment of all 1990 personal
property taxes payable in 1991 by Eagle- Gypsum, Ltd., the County
Commissioners shall, within thirty days after Eagle- Gypsum, Ltd.,
has submitted proof of full payment of said taxes, provide
incentive payment unto Eagle- Gypsum, Ltd., in the aforesaid
percentage of benefit, excluding interest and penalties paid, if
any.
THAT, in no instance shall the refund issued under this
resolution, in combination with the provisions of Resolution No.
90 -91, exceed $39,180.00.
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.
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MOVED, READ, AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the 2ND day of January, 1991.
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
Commissioner d seconded adoption of the
foregoing resolution. The roll having been called, the vote was
as follows:
Commissioner
Donald H.
Welch
Commissioner
George A_
Gates
Commissioner
Richard L.
Gustafsony�
This Resolution passed by s vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
90 -72
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