HomeMy WebLinkAbout20242850.tiffRESOLUTION
RE: APPROVE TAX INCENTIVE AGREEMENT PURSUANT TO C.R.S. §30-11-123 AND
AUTHORIZE CHAIR PRO-TEM TO SIGN - TEXAS FARM PRODUCTS COMPANY,
DBA TFP NUTRITION
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 Pursuant to
C.R.S. §30-11-123 between the County of Weld, State of Colorado, by and through the Board of
County Commissioners of Weld County, and Texas Farm Products Company, dba TFP Nutrition,
with further 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 Pursuant to C.R.S. §30-11-123
between the County of Weld, State of Colorado, by and through the Board of County
Commissioners of Weld County, and Texas Farm Products Company, dba TFP Nutrition, be, and
hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair Pro-Tem 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 28th day of October, A.D., 2024.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST:tif.„41
Weld County Clerk to the Board
.1/6,04w)(1,
APP
Deputy Clerk to the Boa
rd
,-I°1"-"""" ke Freeman
7
ounty t o ey
EXCUSED
Keyes -B, Ross, Chair
Date of signature:
10
a6Iz4
tt K. James
Lori Saine
CC: (cr/3o), ACT(c),CP ? /KM)
►t/S/2,f
2024-2850
F10080
BOARD OF COUNTY COMMISSIONERS
PASS -AROUND REVIEW
PASS -AROUND TITLE: TFP Nutrition Personal Property Tax Rebate Request
DEPARTMENT: Finance DATE: June 25, 2024
PERSON REQUESTING: Cheryl Pattelli
Brief description of the problemlissue:
Upstate is confidentially working with Texas Farm Products (DBA: TFP Nutrition), a company that manufactures and distributes
animal/pet food, with a strong focus on quality and nutrition. The company was founded in Texas in 1930 and is fourth generation family
owned. TFP is looking to establish their first Colorado manufacturing and distribution operations in Platteville.
As pad of TFP's consideration of constructing new production and distribution facilities, the company is looking to access any local
resources that may be available to them. Based on the company's estimated equipment investment of $59.5M, a Weld County partial
personal property tax rebate is estimated at $572,629 over 10 -years (depreciation schedule attached). Upstate has been working
with Town of Platteville staff regarding this project and they are supportive of the proposed operations and excited about the prospect of
this large investment in the town. The Town of Platteville does not have codified incentives, but they are interested in exploring a
municipal personal property tax rebate for this project. Upstate Colorado is working with town staff on an incentive package proposal
that they can present to the Town Board. The proposed building is in the Enterprise Zone, and the company may also be able to take
advantage of Colorado First/Existing Industries Training Grants. This project is not eligible for state incentives (JGITC or the Strategic
Fund) since this project is not considering other states,
Please see the attached letter from Upstate and supporting documentation for more detail about the project and the personal property
tax rebate request.
What options exist for the Board?
1) Approve the PPT request. Direct Finance to work with Upstate Colorado on agreement with TFP Nutrition that
will be brought to an upcoming BOCC meeting for approval. If approved at BOCC, Finance will include the
additional $572,629 transfer from the General Fund to the Economic Development Fund in the mid -year
supplemental budget request. This transfer will be needed to fund the PPT rebate
2) Do not approve the request
Consequences and Impact: see attached documentation
Costs (Current Fiscal Year/ Ongoing or Subsequent Fiscal Years): Estimated $572,629 over 10 -years.
Recommendation: Weld County Finance, along with Upstate, recommends the Board approve TFP's PPT rebate
request.
Support Recommendation Schedule
Place on BOCC Agenda Work Session Other/Comments:
Perry L. Buck, Pro-Tem
Mike Freeman, Chair
Scott K. James
Kevin D. Ross
Lori Saine
rAF
2024-2850
AGREEMENT PURSUANT TO C.R.S. 4 30-11-123
THIS AGREEMENT is made and entered into this relay of October, 2024, by
and between the County of Weld, a body corporate and politic of the state of Colorado, by and
through the Board of County Commissioners of the County of Weld, whose address is P.O. Box
758, 1150 O Street, Greeley, CO 80632, hereinafter referred to as, "Taxing Authority," and
Texas Farm Products Co. DBA "TFP Nutrition" whose corporate address is 915 South Fredonia
Street, Nacogdoches, TX 75964 hereinafter referred to as, "Taxpayer."
WITNESSETH:
WHEREAS, Taxing Authority desires to promote economic development within Weld
County, Colorado, for the purposes of generating employment opportunities for residents of Weld
County, thereby stimulating the economic well-being of Weld County's citizens, and
WHEREAS, C.R.S. § 30-11-123 provides that the Taxing Authority may negotiate
incentive payments to taxpayers who establish new business facilities or who expand existing
business facilities, and
WHEREAS, Taxpayer represents that it has invested or intends to invest in qualifying
personal property and wishes to receive the incentive payment benefits available pursuant to
C.R.S. § 30-11-123, and
WHEREAS, Taxpayer has been determined to be currently eligible to receive the incentive
payment benefits available pursuant to C.R.S. § 30-11-123, and pursuant to the Board of County
Commissioners' policy concerning incentive payments passed by Resolution on February 20, 1991
("Resolution of the Taxing Authority").
NOW, THEREFORE, the parties hereto hereby agree to the following:
1. Subject to annual appropriation by Taxing Authority, fifty -percent (50%) of the amount of
personal property taxes paid by the Taxpayer for personal property located at Taxpayer's
Facility at 450 N. Front Street, Platteville, Colorado ("the Facility"), placed into service in
Weld County in:
a. 2025, and appearing on the personal property declaration schedule submitted by the
Taxpayer to the Weld County Assessor, which personal property has not appeared
on previous schedules, shall be paid to the Taxpayer by the Taxing Authority for
the ten (10) tax years beginning 2025 and ending 2034 (hereinafter referred to as,
"10 -Year Term").
All tax incentive payments made pursuant to this Agreement shall hereinafter be referred
to as, "Tax Incentive Payments." Taxpayer shall submit to the Weld County Assessor an
affidavit certifying the aggregate cost and year of acquisition of Taxpayer's personal
property that, to Taxpayer's best knowledge, information and belief, qualifies for incentive
payments under C.R.S. § 30-11-123, for the 10 -Year Term. The amounts so certified shall
1
be subject to review by the Weld County Assessor.
2. Tax Incentive Payments shall be made by Taxing Authority only upon appropriation, and
only if:
a. All taxes and assessments levied and assessed on Taxpayer by Taxing Authority
for Facility are current, and
b. In each year of this Agreement, Taxpayer remains eligible to receive the Tax
Incentive Payments under criteria established in C.R.S. § 30-11-123 and the
Resolution of the Taxing Authority, and
c. Tax Incentive Payments are not calculated as being part of the Weld County
Home Rule five percent (5%) property tax limitation or State of Colorado
property tax limitation.
3. Any appropriated Tax Incentive Payments shall be made to Taxpayer by Taxing Authority
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 such payment pursuant to C.R.S. § 30-11-123 and the Resolution of Taxing
Authority.
4. The Tax Incentive Payments shall not be made by Taxing Authority if an amendment to
the Colorado Constitution limiting property taxes is subsequently passed after the date of
this Agreement, or if a court of competent jurisdiction declares any portion of this
Agreement, C.R.S. § 30-11-123 (as may be amended), or the Resolution of the Taxing
Authority, to be invalid or unconstitutional.
5. Any Tax Incentive Payments made under this Agreement that are determined not to be
legal under the laws of the State of Colorado or are determined to be part of the Weld
County Home Rule five percent (5%) property tax limitation or State of Colorado property
tax limitation, shall be repaid to Weld County.
6. TAX INCENTIVE PAYMENTS TO TAXPAYER SHALL ONLY BE MADE TO THE
EXTENT REVENUES ARE AVAILABLE AND APPROPRIATED IN EACH OF THE
TEN (10) TAX YEARS OF THE 10 -YEAR TERM.
7. This Agreement is not assignable.
8. Acceptance of any Tax Incentive Payment by Taxpayer constitutes agreement by both
parties to fund the Tax Incentive Payment for the tax year involved.
9. Claim for a Tax Incentive Payment must be submitted to Taxing Authority by Taxpayer by
October 1st of each year or Taxpayer waives the right to receive payment for that year.
2
10. Taxpayer agrees that it shall attempt to use reasonable efforts to ensure that a minimum of
fifty percent (50%) of its workforce employed at the Facility are Weld County residents
during the terms of this Agreement.
11. All notices required or permitted under this Agreement shall be given in writing and shall
be effective when delivered in the case of hand delivery, when transmitted, in the case of
facsimile transmission or five days after mailing, when mailed, provided that mailed notices
shall be sent by certified mail, return receipt requested. Notices shall be sent to the
following addressees at the following addresses or facsimile numbers or to such other
addressees, addresses or facsimile numbers as a party may designate from time to time by
notice given pursuant to this paragraph:
If to the County: Board of County Commissioners
P.O. Box 758
Greeley, CO 80632
With a Copy to: Weld County Attorney
1150 O Street
Greeley, CO 80632
If to Taxpayer: Josh Evans
Vice President, Operations
Texas Farm Products Company DBA "TFP Nutrition"
915 South Fredonia Street
Nacogdoches, TX 75965
12. Each of the parties will execute and deliver such other instruments and documents and
will take all such other actions as the other party may reasonably request and as may
reasonably be required in order to effectuate the purpose of this Agreement and to carry
out its terms.
13. This Agreement may be executed in one or more counterparts, each of which shall be
deemed an original and all of which together shall constitute one and the same instrument.
14. This Agreement constitutes the entire agreement between the parties and supersedes and
replaces all prior and contemporaneous agreements, representations, both written and oral,
between the parties with respect to the subject matter of this Agreement. No variation of
modification of this Agreement, and the waiver of the Agreement's provisions or
conditions, shall be binding unless made in writing and signed by duly authorized officers
of the County and Taxpayer. As permitted hereunder, this Agreement shall be binding
upon, and inure to the benefit of, the parties and their respective successors and assigns.
This Agreement shall be governed by and construed according to the laws of the state of
Colorado.
3
15. It is expressly understood and agreed that the enforcement of the terms and conditions of
this Agreement, and all rights of action relating to such enforcement, shall be strictly
reserved to the undersigned parties and nothing in this Agreement shall give or allow any
claim or right of action whatsoever by any other person not included in this Agreement. It
is the express intention of the undersigned parties that any entity other than the
undersigned parties receiving services or benefits under this Agreement shall be an
incidental beneficiary only.
The above and foregoing Agreement was hereby approved on the 23 day of October
A.D., 2024.
ATTEST:
Weld
BY.
Deputy
Jeit0;ti BOARD OF COUNTY COMMISSIONERS
e Board W i OUNTY, COLORADO
APPROVED AS TO FUNDI
CFO
APPROVED AS TO FORM:
apin,a• gio.u.to
County Attorney
ck, Chair Pro -Tern OCT 2 8 2024
OVED AS TO SUBSTANCE:
emu
Elected Official or Department Head
TAXPAYER:
Texas Farm Products Co. DBA "TFP Nutrition"
By:
4
L
Josh Evans, Vice President, Operations
zcLc-k -725O
June 21, 2024
Cheryl Pattelli
Chief Financial Officer
Weld County Government
(970) 400-4451
cpattelli@weld.gov
RE: Weld County Partial Personal Property Tax Rebate Request
Dear Cheryl,
Upstate is confidentially working with Texas Farm Products (DBA: TFP Nutrition), a company that
manufactures and distributes animal/pet food, with a strong focus on quality and nutrition. The
company was founded in Texas in 1930 and is fourth generation family owned. TFP is looking to
establish their first Colorado manufacturing and distribution operations.
TFP Nutrition was a customer of J.D. Heiskell, located at 450 N. Front Street in Platteville. When TFP
learned that J.D. Heiskell was ceasing operations, they saw an opportunity potentially establish a new
manufacturing operation in Colorado at that location. The property is 4.5 acres with an existing grain
elevator and rail access to UP. TFP is proposing a newly constructed 100,000 square foot manufacturing
facility, immediately north of the existing structures. The company determined that they would also
need a 250,000 square foot distribution facility to support the manufacturing operation but needed
additional real estate for that facility. TFP was able to identify an additional land site immediately west
of the manufacturing facility (across HWY 85), which would be annexed into the Town of Platteville,
where a new distribution facility would be constructed. The manufacturing operation is targeting
October 2025 to be operational, and the distribution facility is estimated to be operational in Q1 2026.
While this project involves two different sites, they are both in Platteville and Weld County, and the
target operational dates are within a close timeframe. The majority of the equipment -investment would
be at the 450 N. Front Street facility, which is the property that the company would own, whereas the
distribution facility would be a new -construction long-term lease -back. For that reason, the project
estimates have been consolidated into one PIF for a total project estimate.
The attached Project Information Form reflects the total estimated project investment at $90M; of
which $59.5M will be new equipment. TFP's new facility will be hiring 100 new full-time employees in
the Town of Platteville. The company anticipates paying at or above the market wage, so they have
estimated the average wage at $30.51/hour or $63,453/year, which is 100% of the Weld County average
wage (2024, most current). The company estimates that 65% of their employment will reside in Weld
County due to the nature of the jobs and the location of the new operations.
As part of TFP's consideration of constructing new production and distribution facilities, the company is
looking to access any local resources that may be available to them. Based on the company's estimated
equipment investment of $59.5M, a Weld County partial personal property tax rebate is estimated at
$572,629 over 10 -years (depreciation schedule attached). Upstate has been working with Town of
Platteville staff regarding this project and they are supportive of the proposed operations and excited
about the prospect of this large investment in the town. The Town of Platteville does not have codified
incentives, but they are interested in exploring a municipal personal property tax rebate for this project.
I am working with town staff on an incentive package proposal that they can present to the Town Board.
The proposed building is in the Enterprise Zone, and the company may also be able to take advantage of
Colorado First/Existing Industries Training Grants. This project is not eligible for state incentives (JGITC
or the Strategic Fund) since this project is not considering other states.
The proposed food manufacturing and distribution facilities meet the Weld PP tax rebate criteria of
establishing a new business facility, investing in $1M+ of new equipment, strengthening the county's
primary employment base by creating new jobs that are at/above the county average wage, and further
diversifying our food manufacturing industry sector. The company's annual average wage
($63,453/year) is 100% of the Weld County average wage and the company pays 50% of employee
health premiums.
Please let me know if the Commissioners would consider a Personal Property Tax Rebate for Texas Farm
Products (TFP Nutrition). I am happy to provide additional information and/or answer any questions you
or the Commissioners may have. Thank you so much!
Best,
Audrey Herbison
Director of Economic Development
Upstate Colorado Economic Development
(970) 909-2889
aherbison@upstatecolorado.org
WELD COUNTY
PROJECT INFORMATION FORM
Please Note: Phase 1 = Years 1-2; Phase 2 = Years 3-5
Company Name: Texas Farm Products Company
Project Description
Please provide a brief project description (facility function, relocation, expansion, consolidation, etc.) below:
We expanding a existing facility to manufacture dry extmded pet food. The previous facility was a bulk dairy teed plant and we are converting Io a extrusion facility by adding additional 100,000 sgft of manufactudng space.
Which of the following functions does the company derive 50+%
of its income from:
Research & Development;
Service Center; Other
✓ Manufacturing/Processing; Warehouse/Distribution;
Call Center/Tech Support; Office/Administrative;
Primary NAICS Code: 3111 (if known)
Is 25% or more of annual gross income from direct retail sales?
Est. % of annual sales outside of Weld? 95 %
Yes V No
Total Est. Investment (phase 1 building//and/equipment): $ 90 Milton
v;
,,,,,.
Acres Needed: Property already exists Required Zoning:
Est. Investment: $ 4.5 Annexation
Required? Yes INI No
Address/Legal Description: 450 N. Front St. Platteville, CO 80651
Existing Building V New Construction
(Phase 2 -if applicable)
m
Phase 1 Size: 100000 sq. ft.
Phase 2 Size: sq. ft.
Phase 1 investment: $ 26 Million
Phase 2 Investment: $
Infrastructure
Requirements -.
Please indicated unique/large infrastructure requirements below or list as "typical industrial use:
Water (potable/non-potable; line size; gallons/day, etc.?): 20 Million Gallons per Year
Sewer (line size; pretreatment, etc?): Non Needed
Gas (volume, etc ?): Increase natural gas volume
Electrical (amps; peak demand, etc.?): 67 Million BTU
Rail Required: V Yes I I No
t.
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w
Est. Phase 1 New Equipment (depreciable personal property) Investment: $ 59.5 Million
Est. Phase 2 New Equipment (depreciable personal property) Investment: $
Est. Value of existing equipment to be relocated: $
4
Employment end Wages
Existing Employment (if applicable)
Existing Full-time Weld jobs:
Existing Part-time Weld Jobs:
New Employment - Phase 1 (Years 12)
New Employment - Phase 2 (Years 3-5) If applicable
New Full-time Jobs: 100
New Full-time Jobs:
New Part-time Jobs:
New Part-time Jobs:
New Construction Jobs:
Existing Colo. Full-time Jobs Relocating to Proposed Facility: ; from where?
Existing Colo. Part-time Jobs Relocating to Proposed Facility: ; from where?
Wage/Benefit Information
Est. facility -wide, annual average wage at proposed facility: $63,453 /year (urc/udefacility mgmt.)
Est. average production wage at proposed facility: $ 30.51 /hour
Benefits are est. to be 2 l 0/0 of salary/wage I Company pays 50 0/0 of employee health premium
Other Employment Information
Est. °/0 of workforce that is/will be Weld resident: 65 %;
Est. Training Cost/Employee: $ 2,500-4,000
Est. number of new Full-time Jobs created from Year 1 through Year 8: 100
Est. Construction Start: July of 2024
Est. New Job Hiring Start: July of 2025
Est. Operational Date: October of 2025
Est. Phase 2 Start(/f applicable) :
L
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.' F-1
Q
Please add additional information or explanation below, as warranted:
We sale 100% to whdesalers for same of the lar est reta lers in the not on. This is wh the line share of our oods will be sold outside of Weld Coun
g y a g ry since non of our customers have cistributicns centers in Weld County
..' '
U
Company Rep Name: Josh Evans
Title: VP, Operations
JEvans@TFPNutrition.com
Email: @
Phone: 936-585-0684
Nacogdoches
City/State: 9
Zip: 75965
nThis information is accurate and complete to the best of my knowledge.
Date: 6/11/2024
Thank you for your interest in locating/expanding in Weld County. For questions or assistance in completing this form
please contact:
Audrey Herbison, Director of Economic Development
Ph: 970-356-4565
aherbison@upstatecolorado.org
Cassidy Stubblefield, Enterprise Zone Administrator
Ph: 970-356-4565
cstubblefield@upstatecolorado.org
UPSTATECOLORADO
ECONOMIC DEVELOPMENT
5
Personal Property Tax Refund Incentive Worksheet
Texas Farm Products Company
450 N. Front Street, Platteville
June, 2024
Platteville and Weld County may each approve a refund of up to 50% of their portion of the tax paid on new personal property (equipment) first put into operation in Year
1, for up to 10 years. Below we've estimated taxes due on the new equipment and potential rebates based on the most current 2024 property mill levy. Based on
confidential discussions with government officials, the below estimated refund calculation assumes that Platteville and Weld County will each approve a 50% refund
request for 10 years. This refund is subject to formal governments) approval.
Project Assumptions:
New Equipment: $59,500,000
Location: 450 N. Front Street -- Tax Area 0180
Current Total Mill Levy: 57.829mills
Weld Levy- 12.024 mills
Platteville Levy- 18.385 mills
Depreciation: Manufacturing Equipment - 10 year life average service life
Assessment Factor: 29% of actual value
2024 Depreciation Schedule
Equipment Value
Assessed Value
Tax Due
450 N. Front Street - Tax Area 0180
Current Mill Levy - 57.829 mills
Taxing Jurisdictions: Aims Junior College - 6.336 mills; Northern Colorado Water - 1.000 mills;
Town of Platteville - 18.385 mills; Platteville-Gilcrest Fire - 6.782 mills; School Dist RE1-Gilcrest -
13.302; Weld County - 12.024 mills
92% 84% 76% 67% 59% 50% 42% 34% 27% 21%
Yr.1 Yr.2 Yr.3 Yr.4 Yr.5 Yr.6 Yr.7 Yr.8 Yr.9 Yr.10
$59,500,000
17,255,000 15,874,600 14,494,200 13,113,800 11,560,850 10,180,450 8,627,500 7,247,100 5,866,700 4,658,850 3,623,550
918,012 838,185 758,358 668,552 588,725 498,920 419,093 339,265 269,417 209,546
10 YR TOTAL ESTIMATED PP TAX DUE: $5,508,073
Note: Above calculation does not include real property taxes (building & land).
Entities able to refund:
PP taxes to Weld County: 190,876 174,278 157,680 139,008 122,410 103,737 87,139 70,541 56,018 43,570
PP taxes to Platteville: 291,855 266,476 241,097 212,546 187,168 158,617 133,238 107,859 85,653 66,619
Total 482,731 440,754 398,778 351,554 309,577 262,354 220,377 178,400 141,671 110,189
50% Waiver 241,365 220,377 199,389 175,777 154,789 131,177 110,189 89,200 70,835 55,094
10 YR TOTAL ESTIMATED PP TAX REFUND: $572,629 Weld County Refund Estimate
$875,564 Municipal Refund Estimate
$1,448,192 Total Refund over 10 years
6
6/11/24, 4:51 PM
Property Report
Weld County Property Information (970) 400-3650
PROPERTY PORTAL Technical Support (970) 400-4357
Account Parcel
Account: R0146289
June 11, 2024
Account Information
Space Account
I Type
Tax I
Year I Buildings
R0146289 121118000020 I ! Industrial 2024 6
Legal
Actual ! Assessed
Value i Value
2,735,870 763,310
PVI 16587-A1 PT E2 18 3 66 (STEWART ANNX) BEG N4 COR SEC 18 E252.79' TO E R/W LN OF UPRR
S01 D07'W 490.51' TO TRUE FOB THENCE S24D53'E 85.88' THENCE ALONG CURVE TO RIGHT
S11 D52'E 121.51' S01 D07'W 2123.54' THENCE S13DW 70' S24D53'W 125.52' TO PT ON E R/W LN OF
UPRR THENCE N01D07'E 2502.49' TO TRUE POB
Subdivision Block
F
Lot
Land Economic Area
PLATTEVILLE INDUSTRIAL HIGHWAY 85
Property Address Property City Zip Section Township Range
450 FRONT ST I PLATTEVILLE
03 66
Owner(s)
https://pro pertyreport.weld.gov/?accou nt=R0146289
6/11/24, 4:51 PM Property Report
I Account Owner Name
R0146289 { TFP NUTRITION
Document History
Address
O BOX 630009 NACOGDOCHES, TX 759630009
Reception Rec Date Type Grantor Grantee Doc Fee ! Sale Date Sale Price
2184086 I 06-29-1989 WD
STEWART
FRANK C
LONGMONT
FOODS
8.50
06-08-1989
MILE HIGH
3427270 10-16-2006 ! SWD TURKEY BUTTERBALL 325.50 10-02-2006
HATCHERY LLC
INC
3896644 ! 12-17-2012
4902915
JD
SWD BUTTERBALL HEISKELL 180.00 1 12-13-2012
LLC HOLDINGS
LLC
06-09-2023 SWD
JD HEISKELL
HOLDINGS
LLC
TFP
NUTRITION
4906022 06-28-2023 SURV i SURVEY SURVEY
411.80
85,000
3,255,000
1,800,000
06-09-2023 4,118,000
0.00 06-20-2023
*If the hyperlink for the reception number does not work, try a manual
search in the Clerk and Recorder records. Use the Grantor or Grantee in
your search.
Valuation Information
8
https://prope rtyreport.weld.gov/?account=R0146289
6/11/24, 4:51 PM Property Report
Type Code
Improvement 2235 WAREHOUSE/STORAGE-IMPS
MANUFACTURED PROCESSING -
Improvement E 3215 IMPS
Land 3115
MANUFACTURED/PROCESSING-
LAND
Totals - -
Description Actual Value Assessed Value
819,420 228,620
1,535,300 428,350
381,150 106,340
2,735,870
Acres
0.000
0.000
3.500
Land SqFt
0
152,460
763,310 3.500 152,460
Comparable sales for your Residential or Commercial property may
be found using our SALES SEARCH TOOL
Tax Authorities
Tax Area District ID District Name
0180 0700 AIMS JUNIOR COLLEGE
0180 0301
0180
NORTHERN COLORADO WATER (NCW)
0424 PLATTEVILLE TOWN
0180 0516 PLATTEVILLE-GILCREST FIRE
0180 0201 SCHOOL DIST RE1-GILCREST
0180
--------------
Total
0100
WELD COUNTY
Current Mill Levy
6.336
1.000
---__----18.385
6.782
- 1
13.302
12.024
57.829
1
https://propertyreport.weld. gov/?accou nt=R0146289
Ct
Entity Information
Entity Name* Entity ID"
UPSTATE COLORADO ECONOMIC @00000760
DEVELOPMENT
Contract Name *
New Entity?
Contract ID Parent Contract ID
PERSONAL PROPERTY TAX REBATE - TFP NUTRITION 8797
Contract Status
CTB REVIEW
Contract Lead *
CPATTELLI
Contract Lead Email
cpattelli@weld.gov
Requires Board Approval
YES
Department Project #
Contract Description
THIS IS A PERSONAL PROPERTY TAX REBATE AGREEMENT BETWEEN WELD COUNTY AND TFP NUTRITION.
Contract Description 2
Contract Type *
AGREEMENT
Amount*
$572,629.00
Renewable *
NO
Automatic Renewal
Grant
IGA
Department
FINANCE
Department Email
CM-Finance@weld.gov
Department Head Email
CM-Finance-
DeptHead@weld.gov
County Attorney
GENERAL COUNTY
ATTORNEY EMAIL
County Attorney Email
CM-
COUNTYATTORNEY@WEL
D.GOV
If this is a renewal enter previous Contract ID
If this is part of a MSA enter MSA Contract ID
Requested BOCC Agenda Due Date
Date* 10/24/2024
10/28/2024
Will a work session with BOCC be required?*
NO
Does Contract require Purchasing Dept. to be
included?
Note: the Previous Contract Number and Master Services Agreement Number should be left blank if those contracts
are not in OnBase
Contract Dates
Effective Date
Termination Notice Period
Contact Information
Review Date *
10/21/2024
Committed Delivery Date
Renewal Date
Expiration Date"
10/28/2034
Contact Info
Contact Name Contact Type Contact Email Contact Phone 1 Contact Phone 2
Purchasing
Purchasing Approver Purchasing Approved Date
Approval Process
Department Head Finance Approver Legal Counsel
CHERYL PATTELLI CHERYL PATTELLI BYRON HOWELL
DH Approved Date Finance Approved Date Legal Counsel Approved Date
10/21/2024 10/21/2024 10/21/2024
Final Approval
BOCC Approved Tyler Ref #
AG 102824
BOCC Signed Date Originator
CPATTELLI
BOCC Agenda Date
10/28/2024
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