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Home My WebLink About20232178.tiffRESOLUTION RE: APPROVE TAX INCENTIVE AGREEMENT PURSUANT TO C.R.S. §30-11-123, AND AUTHORIZE CHAIR TO SIGN - OWENS-BROCKWAY GLASS CONTAINER, INC. 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 Owens -Brockway Glass Container, Inc., 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 Owens -Brockway Glass Container, Inc., be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair 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 31st day of July, A.D., 2023. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: did., jeigo;ok Weld County Clerk to the Board BY: AP N l.� Deputy Clerk to the Boar County ttorney Date of signature: 0 / Mi = -eman, Chair erry . B ' , Pro-Tem S t . Jame 7 evin D. Ross ,04°Z. 25X:wk. Lori Saine cc:Fi(RRJcr/So), ACT(cc). GA (M) O8717/23 2023-2178 FI0078 Ctwftvac* tcm11173 BOARD OF COUNTY COMMISSIONERS PASS -AROUND REVIEW PASS -AROUND TITLE: Personal Property Tax Rebate Request — Owens -Brockway Glass Container Inc. (Confidential) DEPARTMENT: Finance DATE: 7/6/23 PERSON REQUESTING: Cheryl Pattelli Brief description of the problem/issue: Upstate is confidentially working with Owens -Brockway Glass Container Inc. (O -I), a leader in glass container manufacturing, with 69 plants worldwide. O-1 has operated its glass container manufacturing plant at 11133 Eastman Park Drive, Windsor (Great Western Industrial Park) since 2005. The facility is 800,000 SF located on 90 acres. The Windsor facility currently operates two furnaces and 4 production lines, producing over 3.6 million glass bottles per day, supporting customers such as Anheuser-Busch, MillerCoors, New Belgium, and TricorBraun. The plant's two furnaces are reaching the end of their useful life and must be rebuilt to continue operations in Windsor. The proposed project would improve O -I's manufacturing processes, support their high production capabilities, retain current employment, and ensure long-term operations in Windsor and Weld County. The attached Project Information Form includes a project narrative from O -I and reflects an estimated project investment of $90M, which represents new equipment: the rebuilding of the furnaces, plus equipment replacement and implementation of new technology. The furnace rebuilds will occur in 2023 and 2025, one furnace at a time. The company is considering each furnace rebuild as a phase, but investments made in a 1-3 year timeframe are generally considered one phase. For that reason, the entire project is being proposed for incentive consideration. While this investment will not create new jobs, it will retain the 225 FTE that are currently working at the Windsor facility. O -I's facility average wage is estimated at $54.35/hour or $110,332/year, which is 184% of the Weld County average wage of $28.60/hour or $59,501/year (2023, most current). O -I's facility employment is currently at 65% Weld residents, and they will continue to focus on hiring locally. As part of corporate consideration for this investment into the Windsor facility, the company is looking to access resources that may be available, which favorably impact the financials used to justify investment in a particular plant. Based on the company's estimated equipment investment of $90M, a Weld County partial personal property tax rebate is estimated at $1,057,765 over 10 -years (depreciation schedule attached). Upstate has been working with Town of Windsor staff regarding this project and they are considering incentives for the proposed investment. The Town is working on an incentive package for the $90M project, which is currently being scheduled to go to the Town Board for consideration. O -I's building is in the Enterprise Zone so they will qualify for state income tax credits, and O-1 may be able to take advantage of Colorado First/Existing Industries Training Grants, if retraining is needed. This project is not eligible for state incentives (JGITC or the Strategic Fund). The proposed investment and retention of an existing manufacturing facility meets the Weld PP tax rebate criteria by expanding a revenue producing business facility, strengthening the county's primary employment base, and supporting our diverse production and manufacturing industry sectors. The company's annual average wage ($110,332/year) is 184% of the Weld County average wage of $59,501 and the company pays 85% of employee health premiums. O -I has been a good corporate citizen and a local partner. The company has previously been offered retention incentives for significant investments that support employee retention and the long-term operations of the Windsor facility. 2023-2178 7/31 Fl (X)ig What options exist for the Board? (include consequences, impacts, costs, etc. of options): 1) Approve the PPT request. Direct Finance to work with Upstate Colorado on agreement with 0-I that will be brought to an upcoming BOCC meeting for final approval. If approved at BOCC, Finance will include the additional $1,057,765 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 Recommendation: Weld County Finance, along with Upstate Colorado, recommends the Board approve 0 -I's PPT rebate request. Approve Schedule Recommendation Work Session Other/Comments Perry L. Buck, Pro -Tern Mike Freeman, Chair Scott K. James Kevin Ross Lori Saine AGREEMENT PURSUANT TO C.R.S. $ 30-11-123 THIS AGREEMENT is made and entered into this 3L5tlay of July, 2023, 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 Owens -Brockway Glass Container Inc. whose corporate address is Plaza I, First Floor, One Michael Owens Way, Perrysburg, Ohio 43551, 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 11133 Eastman Park Drive, Windsor, CO ("the Facility"), placed into service in Weld County in: 2023 -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 the year subsequent to the calendar year the personal property is placed in service. Each calendar year investment is entitled to a ten (10) year payment, but no payment shall extend beyond tax year 2035. (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 1 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 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: Christopher Thie State Tax Manager, Assistant Treasurer Owens -Brockway Glass Container Inc. Plaza 1, One Michael Owens Way, Perrysburg, Ohio 43551 With a Copy to General Counsel Owens-Illinois, Inc. One Michael Owens Way, Perrysburg, Ohio 43551 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 3 BY: 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. 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. st The above and foregoing Agreement was hereby approved on the/ day of July A.D., 2023. ATTEST: dad's/O W• ` ;g1 BOARD OF COUNTY COMMISSIONERS Weld C • ty Clerk to the : oard WELD COUNTY, COLORADO eputy C ;'rk to l ` ike Freeman, Chair JUL 3 12023 TAXPAYER: Owens -Brockway Glass Container Inc. By: l�uteG ctAc,s Christopher Thie, State Tax Manager, Assistant Treasurer 4 0M23.,21 71 .sda?Alaik. WINDSOR ECONOMIC DEVELOPMENT WINDSOR/WELD COUNTY PROJECT INFORMATION FORM Please Note: Phase 1 = Years 1-2; Phase 2 = Years 3-5 Company Name: Owens -Brockway Glass Container Inc. Rep Name: Brian S. Perkins Title: Plant Manager u ra o Email: brian.s.perkins@o-i.com Phone: (567) 336-3800 c o U City/State: Windsor, CO Zip: 80500 Please provide a brief project description (facility function, relocation, expansion, consolidation, etc.) below: See attachment Desc° Primary NAICS Code: 327213 (if known) Is 25% or more of annual gross income from direct retail sales? Yes I No Est. % of annual sales outside of Weld? 100 % Outside of Windsor? 100 cyo Total Est. Investment (phase 1 building/land/equipment): $ 68 - 90 million (Phase 1-2) -U I Acres Needed: N/A Est. Investment: $ N/A Address/Legal Description: N/A Required Zoning: N/A Annexation Required? Yes No oi (Phase 2 - if applicable) 1 Existing Building New Construction Phase 1 Size: N/A sq. ft. Phase 2 Size: N/A sq. ft. Phase 1 investment: $ N/A Phase 2 Investment: $ N/A ._ Phase 1 construction cost per sq. ft.: $ N/A Phase 2 construction cost per sq. ft.: $ N/A '5 m Phase 1 tenant finish cost per sq. ft.: $ N/A Phase 2 tenant finish cost per sq. ft.: $ N/A Phase 1 market lease rate: $ N/A Phase 2 market lease rate: $ N/A 0 ._ Please indicated unique/large infrastructure requirements below or list as typical industrial use: Water (potable/non-potable; line size; gallons/day, etc. ?): N/A Sewer (line size; pretreatment etc.?): N /A '' a) (5)E L Q) Gas (volume, etc.?): N /A n r0 Electrical (Amps; peak demand, etc. ?): N/A CT I- a) I --I IC Rail Required: Yes I No $28-40 1 2023) aEst. E Phase 1 New Equipment (depreciable personal property) Investment: $ million (Phase - $40-50 2 2025) Est. Phase 2 New Equipment de (depreciablepersonal C P roe Investment: million property) rty) $ (Phase - 3 Est. Value of existing equipment to be relocated: $ 0 Lu w- nt and Wages Existing Employment (if applicable) Existing Full-time Weld jobs: 225 Existing Part-time Weld Jobs: 0 New Employment - Phase 1 New Employment - Phase 2 (if applicable) New Full-time Jobs: 0 New Full-time Jobs: 0 New Part-time Jobs: 0 New Part-time Jobs: 0 New Construction Jobs: Existing Colo. Full-time Jobs Relocating to Proposed Facility: N/A ; from where? N/A Existing Colo. Part-time Jobs Relocating to Proposed Facility: N/A ; from where? N/A Wage/Benefit Information Est. facility -wide, annual average wage at proposed facility: $ 110,332 /year (include facility mgmt.) Est. average production wage at proposed facility: $ 36.17 /hour Benefits are est. to be 20 % of salary/wage Company pays 85 % of employee health premium Other Employment Information Est. % of workforce that is/will be Weld resident: 65 '/o; Windsor resident: 13 % Est. Training Cost/Employee: $ N/A C) Est. Construction Start: 9/1/2023 (Phase 1) Est. New Job Hiring Start: N/A _ a) Est, Operational Date: 3/31/2024 (Phase 1) E Est. Phase 2 Start (if applicable) : 4/1/2024 Please add any additional information below, as warranted: To 0 o O -I Windsor sponsors local youth sports, charity golf tournaments, and the Salvation Army during holidays. E 0 Q By checking this box I agree that this information is accurate and complete to the best of my knowledge. Date: Thank you for your interest in locating/expanding in Windsor/WeldCouoty. form please contact either: Stacy Miller, Director of Economic Development Town of Windsor 970-674-2414 smiller@windsorgov.com WINDSOR ECONOMIC DEVELOPMENT For questions or assistance in completing this Audrey Herbison, Director of Economic Development Upstate Colorado Economic Development (Weld County) 970-356-4565 aherbison@upstatecolorado.orq UPSTATECOLORADO ECONOMIC DEVELOPMEN"1 as Owens -Brockway Glass Container Inc. Project Information Form Attachment (Updated as 7/5/2023) Project Description: Owens -Brockway Glass Container Inc. ("OBGC") is a wholly owned subsidiary of O -I Glass, Inc. ("O -I"), one of the leading producers of glass bottles and jars around the globe. Headquartered in Perrysburg, Ohio, O -I is the preferred partner for many of the world's leading food and beverage brands. Led by a diverse team of approximately 24,000 people across 69 plants in 19 countries, O -I achieved revenues of $6.9 billion in 2022. O -I has operated a glass container manufacturing plant in the Town of Windsor since 2005. The facility is located on 90 acres with 800,000 SF under roof. This facility operates two furnaces and four production lines, producing over 3.6 million glass bottles per day, supporting customers such as Anheuser-Busch, MillerCoors, New Belgium and TricorBraun. The plant employs over 200 people with an average annual wage of approximately $110,000, significantly higher than Weld County average wage of $59,501. The plant's two furnaces are reaching the end of their useful life and must be rebuilt to continue to operate. O -I is considering an investment of $68-90 m. in two phases over 2023-2025. Each phase would involve a rebuild of one of the furnaces, plus equipment replacement and implementation of new technology. The new furnaces are anticipated to be a new design that revolves around sustainability. This could include an oxy production facility and a waste heat recovery system that is estimated to reduce CO2 emissions and improve energy efficiency. This investment will help retain high -quality jobs in the City of Windsor and maintain the viability of the plant. This investment supports O -I's commitment to lower -carbon glass manufacturing and is aligned with efforts to achieve the company's sustainability goals to reduce by 25% GHG Emissions and lower total energy consumption by 9% by 2030. At the local level, the O -I Windsor plant participates in a glass recycling program in the state and utilizes recycled glass to create new glass containers, as one of the initiatives to increase the sustainable content in O -I's products and reduce its emissions impact. More information about how O -I is transforming sustainability in the glass packaging industry can be found here: Sustainability 1O1 (o-i.com) July 5, 2023 KROLL 1 7/5/23, 11:36 AM Property Report Weld County PROPERTY PORTAL Account Parcel R2704603 1080725200049 Legal Property Information (970) 400-3650 Technical Support (970) 400-4357 Account: R2704603 July 5, 2023 Account Information Space , _ Buildings Account !, Tax Actual Assessed YPe rear Value Value Industrial I 2023 6 I 45,250,778 I 12,624,970 N2NW4 25-6-67 LYING S OF RR EXC BEG NW COR SD SEC 25 S454.84 E30' TO TPOB TH ALG CURVE CONCAVE TO W (R=605) CHORD=S05D32'E 110.15' S0D19'E 228.26' TH ALG CURVE CONCAVE TO NE (R=525') CHORD=S35D05'E 638.29' TH S89D01'W 352.54' TH N0D19'W 834.11' TO TPOB (.91R) Subdivision Property Address 11133 EASTMAN I PARK DR Block i Lot I Land Economic Area i WINDSOR IND E LG LOTS I City arty I Zip Section Township 3 Range WINDSOR 25 06 167 Account 3 Owner Name R2704603 ( BROCKWAY GLASS CONTAINER INC Owner(s) Address ONE O-1 PLAZA TAX DEPT 1 MICHAEL OWENS WAY PERRYSBURG, OH 435512999 Valuation Information https://propertyreport.weld.gov/?account=R2704603 1/2 7/5/23, 11:36 AM Property Report Code Description Type p Actual Value Assessed Value Acres Land SqFt MANUFACTURED PROCESSING - IMPS 39 572 061 11,040,610 0.000 0 MANUFACTURED/PROCESSING- ! 5,678,717 1,584,360 76.060 3,313,175 LAND 45,250,778 I 12,624,970 76.060 3,313,175 Comparable sales for your Residential or Commercial property may be found using our SALES SEARCH TOOL Tax Authorities Tax District ' Area ID I District Name 0436 j 0700 1 AIMS JUNIOR COLLEGE 0436 0436 0301 1- 0436 0204 0436 0100 3.553 CLEARVIEW LIBRARY NORTHERN COLORADO WATER (NC/ SCHOOL DIST RE4-WINDSOR WELD COUNTY 0436 1200 WEST GREELEY CONSERVATION 0428 I WINDSOR TOWN 0521 ( WINDSOR -SEVERANCE FIRE 0436 0533 WINDSOR -SEVERANCE FIRE (BOND 2023) Total Current Mill Levy 6.307 1.000 50.879 15.038 0.414 12.030 8.250 Copyright © 2023 Weld County, Colorado. All rights reserved. Privacy Statement & Disclaimer I Accessibility Information https://propertyreport.weld.gov/?account=R2704603 2/2 Personal Property Tax Refund Incentive Worksheet Owens -Brockway Glass Container Inc. 11133 Eastman Park Dr, Windsor July, 2023 Windsor 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 2023 property mill levy. Based on confidential discussions with government officials, the below estimated refund calculation assumes that Windsor and Weld County will each approve a 50% refund request for 10 years. This refund is subject to formal government(s) approval. Project Assumptions: New Equipment $90,000,000 Location: 11133 Eastman Park Dr -- Tax Area 0436 Current Total Mill Levy: 97.471 mills Weld Levy - 15.038 mills Windsor Levy - 12.030 mills Depreciation: Manufacturing Equipment - 10 year life average service life Assessment Factor: 29% of actual value 2023 Depreciation Schedule Equipment Value Assessed Value Tax Due 11133 Eastman Park Dr - Tax Area 0436 Current Mill Levy - 97.471 mills Taxing Jurisdictions: Aims Junior College - 6.307 mills; Clearview Library - 3.553 mills; Northern Colorado Water - 1.000 mills; School Dist RE4 - 50.879 mills; Town of Windsor - 12.030 mills; Weld County - 15.038 mills; West Greeley Conservation Dist. - 0.414 mills; Windsor -Severance Fire - 8.250 mills; Windsor -Severance Fire (Bond 20231- 0.000 mills 92% 83% 74% 66% 57% 48% 40% 33% 26% 20% Yr.1 Yr.2 Yr.3 Yr.4 Yr.5 Yr.6 Yr.7 Yr.8 Yr.9 Yr.10 $90,000,000 26,100,000 24,012,000 21,663,000 19,314,000 17,226,000 14,877,000 12,528,000 10,440,000 8,613,000 6,786,000 5,220,000 2,340,474 2,111,514 1,882,555 1,679,035 1,450,076 1,221,117 1,017,597 839,518 661,438 508,799 10 YR TOTAL ESTIMATED PP TAX DUE: $13,712,123 Note: Above calculation does not include real property taxes (building & land). Entities able to refund: PP taxes to Weld County: 361,092 325,768 290,444 259,045 223,720 188,396 156,997 129,522 102,048 78,498 PP taxes to Windsor: 288,864 260,606 232,347 207,229 178,970 150,712 125,593 103,614 81,636 62,797 Total 649,957 586,374 522,791 466,273 402,691 339,108 282,590 233,137 183,683 141,295 50%Waiver 324,978 293,187 261,396 233,137 201,345 169,554 141,295 116,568 91,842 70,647 10 YR TOTAL ESTIMATED PP TAX REFUND: $1,057,765 Weld County Refund Estimate $846,184 Municipal Refund Estimate $1,903,950 Total Refund over 10 years Contract Form New Contract Request Entity Information Entity Name"' Entity ID* UPSTATE COLORADO ECONOMIC @00000760 DEVELOPMENT ❑ New Entity? Contract Name. Contract ID OWENS-BROCKWAY GLASS CONTAINER INC. PERSONAL 7273 PROPERTY TAX REBATE AGREEMENT Contract Status CTB REVIEW Contract CPATTELLI Contract Lead Entail cpattellk@comeld.co.u.s Contract Description. PERSONAL PROPERTY TAX REBATE AGREEMENT WITH O -B GLASS CONTAINER, INC. Contract Description 2 Contract Type. AGREEMENT Amount. 51,057,765.00 Renewable. NO Automatic Renewal Grant IGA Department FINANCE Department Email CM-Finance@weldgov.com Department Head Email CM -Fi nance- DeptHeacl weldgovv.com County Attorney GENERAL COUNTY ATTORNEY EMAIL County Attorney Email CM- COUNTYATTORN EY@WELDG OV,COM Requested BOCC Agenda Date'* 07/31:`202:3 Parent Contract: ID Requires Board Approval YES Department Project # Due Date 07/27/2023 Will a work session with 00CC be required?* NO Does Contract require Purchasing Dept. to be included? If this is a renewal enter previous. Contract ID If this is part of a NSA enter NSA Contract ID Note: the Previous Contract Number and Master Services Agreement Number should be left blank if those contracts are not in OnBase Contr act Dates Effective Date Review Date. 07,n`27/20.23 Renewal Date Termination Notice Period Committed Delivery Date Expiration Date* 07,26!2024 Contact Information Contact Info Contact Name Purchasing Purchasing Approver Approval Process Department Head CHERYL PATTELLI OH Approved Date 07,27,2023 Final Approval BOCCC Approved BOCC Signed Date BOCC Agenda Date 07/31,2023 Originator CPATTELLI Contact Type Contact Email Finance Approver CHERYL PATTELLI Contact Phone l Purchasing Approved Date Finance Approved Date 07/'27/2023 Tyler Ref # AG 073123 Legal Counsel BRUCE BARKER Contact Phone 2 Legal Counsel Approved Date 07,'`27; 2623 Hello