HomeMy WebLinkAbout940842 RESOLUTION
RE: APPROVE TAX INCENTIVE PAYMENT FOR SYKES ENTERPRISES, INC. AND AUTHORIZE
CHAIRMAN TO SIGN
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with a Tax Incentive Agreement
between the County of Weld, by and between the Board of County Commissioners,
Weld County, Colorado, and John Sykes, dba Sykes Enterprises, Inc. , with the
terms and conditions being as stated in said agreement, and
WHEREAS, after review, the Board deems it advisable to approve said
agreement, a copy of which is attached hereto and incorporated herein by
reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Tax Incentive Agreement between the County of Weld,
by and between the Board of County Commissioners, Weld County, Colorado, and John
Sykes, dba Sykes Enterprises, Inc. , be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is,
authorized to sign said agreement.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 21st day of September, A.D. , 1994.
ATTEST: Pda% BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO A
- ,
Weld County Clerk to the Board /i N�-*4 P4I
x/' W. Webster, Ch rma
BY: y , �
Deputy/Qlerk to the Board Dale K. Hall, Pro-Tfrm
C Cam/
APPROVED AS TO FORM: / ' / -«
iGeor e E,Baxter
County Attorney ons ance L. Harbert
ra
�
Barbara J. Kirkmey
940842
AGREEMENT
WHEREAS, the Board of County Commissioners of Weld County, Colorado, is desirous of promoting
economic development within Weld County, Colorado (hereinafter referred to as the "Taxing Authority") for the
purposes of stimulating the general well-being of the Taxing Authority and the generation of employment
opportunities; and
WHEREAS, Senate Bill #90-118 was passed by the Colorado General Assembly and became law on April
24, 1990, and provides that the Taxing Authority may negotiate incentive payments to taxpayers who establish new
business facilities or who expand existing business facilities; and
WHEREAS, Senate Bill #94-182 was passed by the Colorado General Assembly, effective January 1,
1995, extending property tax incentive payments indefinitely; and
WHEREAS, Sykes Enterprises, Incorporated, (hereinafter referred to as the "Taxpayer") represents that it
has invested or intends to invest in qualifying personal property and wishes to receive the incentive payment
benefits available under Senate Bill#90-118 and Senate Bill #94-182; and
WHEREAS, the Taxpayer has been determined to be currently eligible for benefits under Senate Bill #90-
118 and Senate Bill #94-182 and the policy concerning incentive payments passed by Resolution on February 20,
1991 (hereinafter referred to as the "Resolution of the Taxing Authority").
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County,
Colorado, that the undersigned parties hereby agree to the following:
1. Fifty percent of the amount of personal property taxes paid by the Taxpayer
for property appearing on the personal property declaration schedule
submitted by the Taxpayer to the Weld County Assessor for the four tax years
beginning 1995 and ending 1999 and which have not appeared on previous
schedules shall be paid to the company by the Taxing Authority. Only property
placed in service in the county during the tax years given above shall qualify.
2. Such payment shall be made to the Taxpayer or assignee by the County
Treasurer within 90 days of receipt of full payment by the Taxpayer of all
personal property taxes due and receipt of an affidavit from the Taxpayer
stating that the Taxpayer remains eligible for the payment under Senate Bill
#90-118 and Senate Bill #94-182 and the Resolution of the Taxing Authority.
3. Such payment shall be made only if all taxes and assessments levied and
assessed by the Taxing Authority shall be current.
4. Such payment shall be made only if Taxpayer remains eligible to receive the
incentive payments under criteria established in Senate Bill#90-118 and
Senate Bill #94-182 and the Resolution of the Taxing Authority in each year of
this Agreement.
940842
TAX INCENTIVE AGREEMENT- SYKES ENTERPRISES, INCORPORATED
PAGE 2
5. Payment shall only be made by Taxing Authority if incentive payment is not
calculated as being part of Weld County Home rule 5% property tax limitation
or State property tax limitation.
6. Payment shall not be made by Taxing Authority if State Constitutional
Amendment limiting property taxes is subsequently passed after the date of this
Agreement or if a court competent jurisdiction declares any portion of this
Agreement, Senate Bill #90-118 and Senate Bill#94-182, or as may be
amended, or the Resolution of February 20, 1991 setting policy concerning
incentive payment to taxpayers to be invalid or unconstitutional during the term
of this Agreement.
7. Payment to Taxpayer shall only be made to the extent revenues are available
and appropriated in each of the four years of the term of this Agreement.
8. This Agreement is not assignable without written approval of the Taxing Authority.
9. Acceptance of incentive payment by Taxpayer constitutes agreement by both
parties to fund incentive payment settlement for the tax year involved.
10. Notices to Taxpayer shall be made to John Sykes, Sykes Enterprises,
Incorporated, 100 N. Tampa Street, Suite 3900, Tampa, Florida, 33602.
Notices to Taxing Authority shall be made to the Board of County
Commissioners of Weld County, 915 10th Street, Greeley, Colorado, 80631.
The above and foregoing Agreement was hereby approved on the ,91/42- day of September, A.D.,
1994.
� �� TAXING AUTHORITY:
/1 1/% ����!
p / BOARD OF COUNTY COMMISSIONERS
ATTEST:�ax.ivt/ q' A✓j'�� WELD COUNTY, COLORADO
Weld County Clerk to the Board BY:
W. . Webster, Chairman q/ /9u)
BY:
Deputy CI rk the Board
TAXPAYER:
SY ENTERPRISES, INCORPORATED
BY: t�
n Sykes, ident
•
940842
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