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Home My WebLink About20222486.tiffRESOLUTION RE: APPROVE APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - INNOTECH MACHINING, 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 an Application for the Small Business Incentive Program and a request for the Release of Economic Development Trust Funds (Tier I) from Innotech Machining, Inc., to the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Department of Planning Services, with further terms and conditions being as stated in said application, and WHEREAS, after review, the Board deems it advisable to approve said application, a copy of which is attached hereto and incorporated herein by reference, and release the Economic Development Trust Funds (Tier I), in the amount of $20,000.00, payable to Innotech Machining, Inc., to offset various impact fees incurred and previously paid by Innotech Machining, Inc. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Application for the Small Business Incentive Program and a request for the Release of Economic Development Trust Funds (Tier I) from Innotech Machining, Inc., to the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Department of Planning Services, be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that Tier I Economic Development Trust Funds, in the amount of $20,000.00, be, and hereby are, released and payable to Innotech Machining, Inc., to offset various impact fees incurred and previously paid by Innotech Machining, Inc. CC: PL(7P(MN) FI(DJ/5o) Act (cv(co\ APPL. 9/2t/22 2022-2486 PL2290 APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - INNOTECH MACHINING, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of August, A.D., 2022. BOA OF COUNTY COMMISSIONERS WE COUNTY, COLORADO ATTEST: ddettli) G .do: Weld County Clerk to the Board BY: APP Deputy Cler County Att•rney Date of signature: c 12/272 Scott K. James, Chair Mik an, Pro-Te erry . Bu Lori Saine 2022-2486 PL2290 MEMORANDUM To: County Commissioners Cc: Don Warden, Finance Director Chris D'Ovidio, Controller From: Tom Parko, Director of Planning Services Subject: Innotech Machining SBIP Date: August 24, 2022 I am pleased to submit to the Board of County Commissioners an SBIP application for Innotech Machining. This small business operates a machine and printing shop. The business was approved under USR21-0011. Innotech Machining is a small business operating in unincorporated Weld County with two (2) employees, which includes the owner. As part of the application requirements, the owner submitted their business plan and met with representatives from the Small Business Development Center (SBDC). Kenny Overby reviewed the business plan and found it satisfactory. Attached is the confirmation email from the SBDC. The Small Business Incentive Plan was created by the County Commissioners to help offset land, building permit, septic and impact fees associated with development. Below is a breakdown of the fees: Land Use Fee: Recording Fee: EH (Septic) PW (ROW) Building Permit Fee(s): Impact Fees: Total $1,200.00 $13.00 $950.00 $200.00 $6,249.42 $18,297.00 $26,909 42 According to the Small Business Application requirements, the business falls under Tier 1 and is eligible to receive up to $20,000. The business is obligated to cover the first $2,500.00. The Planning Services Director recommends approval of this application and respectfully requests that the County Commissioners authorize and release $20,000.00 from the Economic Development Fund. SERVICE, TEAMWORK, INTEGRITY, QUALITY 2022-2486 08/L°1 PLZZG1O WELD COUNTY SMALL BUSINESS INCENTIVE PROGRAM APPLICATION Notice: Prior to filling out the application, please review the Program Criteria and Process handout regarding the program's eligibility requirements. Program Purpose: Weld County has established a Small Business Incentive Program (BIP) which will provide eligible businesses financial assistance to offset land use, building permit, and several impact fees. The program is designed to reduce upfront capital outlay for small businesses located in unincorporated Weld County. Application Instructions: This application must be filled out completely and signed. Attachments and exhibits may be included. A cover letter that adequately explains the scope of the company's business model must accompany the application. Application Date: May 10th, 2022 1. COMPANY INFORMATION Applicant Name: Innotech Machining, Inc. Mailing Address: 6125 W. 59th Ave, Ste D Arvada, CO 80003 Telephone: 303-287-2262 Email: innotechmach@gmail.com Fax: Web Site: www.innotechmachining.net 2. INCORPORATION INFORMATION (if applicable) Federal I D#: 20-3097229 Type: S -Corp State: CO Date of Incorporation: June 2005 3. CONTACT PERSON Name & Title: Bryan Borum, General Manager Mailing Address: 6125 W. 59th Ave, Ste. E Arvada, CO 80003 Telephone: 720-394-3261 Fax: E-mail Address: innotechmach@gmail.com 4. PROPERTY INFORMATION Parcel ID #: 1469-21-0-00-009 Property Address: 2198 CR 17 Brighton, CO 80603 Legal Description: 20018B N300' N2SW4SW4 Owner(s) / Tenet(s): Robert C. Borum 5. PRODUCT AND/OR SERVICE Business activities involving the project site in unincorp. Weld County: Innotech Machining, Inc. is a contract manufacturer that machines products for customers per their prints and specifications. Sample industries serviced include medical, aerospace, and some government entities. 6. COUNTY ASSISTANCE - PAST & PRESENT Identify below past incentive assistance provided to the applicant by Weld County: No incentive assistance has been provided from Weld County. Identify below current requests by the applicant for any other assistance from Weld County: This is currently the only request by the applicant for assistance. 7. BUSINESS PLAN Provide a brief overview of the proposed business in Weld County. Innotech Machining, Inc. is a contract manufacturer that produces specialized parts in quantities from single prototypes to high production runs for a broad range of industries including aerospace, medical, automation, government testing, telecommunications, automotive, and industrial. Manufacturing methods consist mainly of CNC milling and CNC turning, with additional methods of grinding, sawing, and Wire Feed EDM utilized. 8. WORKFORCE INFORMATION For the purpose of this application a full-time employee works a minimum of 32 hours per week. The business may have a combination of part-time employees that is the equivalen of at least one full-time employee. Current Employees: I2 current, 2 unfilled I Existing payroll (total number of filled and unfilled positions). 9. JOB LOCATION VERIFICATION At least 50% of the employer's workforce must reside in Weld County for a period of one-year. Certified Copy of Payroll: A business presently located in Weld County must provide a certified copy of its payroll as of the date of the application. 2 10. SBDC VERIFICATION The applicant shall consult with the Small Business Development Center prior to receiving funds. The applicant shall attach a copy of an affidavit signed by the Director of the SBDC or his/her designee. The SBDC contact information is: Mail: 902 7th Avenue Greeley, CO 80631 Website: http://www.neeccosbdc.org Phone: (970)352-3661 11. QUESTIONS & ASSISTANCE Weld County Department of Planning Services: The application will be processed by the Director of Planning Services. The Director may contact the applicant for clarification regarding the application or to request additional information during the review process. If the application is approved, the Director will contact the business when preparing the agreement and when scheduling the agreement for action by the Weld County Board of Commissioners. The applicant is encouraged to contact the Director of Planning Services to request assistance with the program requirements and with filling out the application. The Director can be reached by the following methods: Applications can be mailed, faxed or e -mailed to the Department of Planning Services: Mail: Weld County Department of Planning Services Attn: Planning Director 1555 North 17' Avenue Greeley, CO 80631 Phone: (970) 353-6100 Fax: (970) 304-6498 Email: tparkoi weldvov.com REMINDER: The application may be delayed if it is incomplete, usiyn�d or lacks required documentation. All documents provided to Weld County are subject to the Public Records Act, State of Colorado. 11. AUTHORIZED SIGNATURE The signature appearing below must belong to an employee of the company who is authorized to sign the application on behalf of the company. I attest to the accuracy of the information which is provided hereinabove. &-.2WPtAW (signature) (title) c Bo y- 5 -70 - Z. (print name) (date) 3 From: Kenny Overby To: Tom Parko Jr. Cc: Innotech Machining, Inc. Subject: Weld County Incentive Program Date: Friday, August 19, 2022 11:20:09 AM Caution: This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Tom, Happy Friday sir! I hope all is well! Hey, I have a client, Bryan Borum, who has developed a fantastic business model, and done all the things on our end needed for me to check the box that he met with the SBDC for your grant. What can I do to help move his application forward for your grant? Thanks for all you do! RECEIPT WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Application: USR21-0011 Application Type: Planning/Use By Special Review/NA/NA Address:2198 CR 17, WELD, CO Receipt No. Payment Method Check Owner Info.: RECEIPT 123163 Ref Number 132 BORUM ROBERT Amount Paid $1,200.00 BRIGHTON, CO 806038910 WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Payment Date 06/28/2021 Received Comments Application: USR21-0011 Application Type: Planning/Use By Special Review/NA/NA Address:2198 CR 17, WELD, CO Receipt No. Payment Method Check Owner Info.: RECEIPT 128107 Ref Number 1419 BORUM ROBERT Amount Paid $13.00 BRIGHTON, CO 806038910 WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Payment Date 05/06/2022 Received Comments Contact Application: CMN22-0031 Application Type: Building/Commercial/Construction New/NA Address:2198 CR 17, Receipt No. Payment Method Credit Card Owner Info.: RECEIPT 128737 Ref Number 9490 Amount Paid $13,813.71 BORUM ROBERT 2198 COUNTY ROAD 17 BRIGHTON, CO 80603 WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Payment Received Comments Date 06/20/2022 Application: CMA22-0034 Application Type: Building/Commercial/Construction Alteration/NA Address:2198 CR 17, Receipt No. Payment Method Credit Card Owner Info.: 129385 Ref Amount Number Paid 9490 Payment Recei Comm Date ved ents $10,732. 08/01/202 71 2 BORUM ROBERT 2198 COUNTY ROAD 17 BRIGHTON, CO 80603 Invoice Detail Permit SP -2200101 ID #: Invoice 136562 #: Invoice 04/04/2022 13:55:52 Date: Period Fee Item Qty EHS EHS Commercial 1 New Septic Invoice Detail Fee $950 00 Total $950 Fee: .00 Permit ID #: RW22-0330 Invoice #: 137984 Invoice Date: 05/31/2022 11:51:15 Period Fee Item Qty Fee NA Application and Review -Standard 1 $150.00 NA New Appurtenances 3 SQFT or Less 1 $50.00 Total Fee: $200.00 Hello