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Home My WebLink About20221211.tiffRESOLUTION RE: APPROVE APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - LAME DOG RANCH, LLC, C/O KRISTI PLUTT 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 Lame Dog Ranch, LLC, c/o Kristi Plutt, 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 $18,114.73, payable to Lame Dog Ranch, LLC, c/o Kristi Plutt, to offset various impact fees incurred and previously paid by Lame Dog Ranch, LLC, do Kristi Plutt. 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 Lame Dog Ranch, LLC, do Kristi Plutt, 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 $18,144.73, be, and hereby are, released and payable to Lame Dog Ranch, LLC, do Kristi Plutt, to offset carious impact fees incurred and previously paid by Lame Dog Ranch, LLC, do Kristi Plutt. GC :PL CTP), F7-(044/30), ACT (cP/cD) 6/6/22 2022-1211 PL2290 APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - LAME DOG RANCH, LLC, C/O KRISTI PLUTT PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 27th day of April, A.D., 2022. BOARD OF COUNTY COMMISSIONERS WELCj OUNTY, COLORADO ATTEST: ditto%) p;e1 Weld County Clerk to the Board BY: eputy Clerk APPROV County A orney Date of signature: Si H /z2. ScIDft K. James, Chair Lori Saine man, Pro-Tem 2022-1211 PL2290 MEMORANDUM To: County Commissioners Cc: Don Warden, Finance Director Chris D'Ovidio, Controller From: Tom Parko, Director of Planning Services Subject: Kristi Plutt, c/o Lame Dog Ranch, LLC Date: April 22, 2022 I am pleased to submit to the Board of County Commissioners an SBIP for Lame Dog Ranch. This small business operates a horse training and boarding facility. The business is a use by right because the operation doesn't exceed the maximum number of animal units or maximum daily trips per Chapter 23, Division I, Section 23-3-20. Lame Dog Ranch is a small business operating in unincorporated Weld County with one (1) full time employee and a couple of part time employees. The one (1) full time employee is also the business owner, Kristi Plutt. As part of the application requirements, the owner submitted their business plan and met with representatives from the Small Business Development Center (SBDC). Jeff Engle 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: Building Permit Fee(s): Impact Fees $13,054.73 $7,590.00 Total $20,644.73 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 $18,144.73 from the Economic Development Fund. SERVICE, TEAMWORK, INTEGRITY, QUALITY 2022-1211 ocur pLza'9C) 0 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: 1. COMPANY INFORMATION Feb.t3,2.azz Applicant Name: 44K;54--i PI u Mailing Address: i t24' 1 Wc.12. 3 k pki.4ed;11e, Co 004251 Telephone: 503-56G - cic 'qc } Email: Ki- 34-'pl Lt -e) 46WY J) , • Co v.v7 Fax: Web Site: ,� - Yn e `Dock •',J2 iCJi 6 C© vv-i 2. INCORPORATION INFORMATION (if applicable) Federal ID#: Type: State: Date of Incorporation: 3. CONTACT PERSON Name & Title: 1.<yi:s{i YIu-H- - owner Mailing Address: )I '' wcdt.3te Pia..N e Vi L1 e, CO 86051 Telephone: ? 05 - S b (Q- 9191,39. Fax: ._._-- E-mail Address: K rt,f-j p ( tt+ f - Cpl Mtjui . Co v- 4. PROPERTY INFORMATION Parcel ID #: (20 t b 13 oo c'+i Property Address: n25-1 1,0ek 3 4g I (2 S cf W c� 3 4P pia: iet/� ie/ So(6.1 Legal Description: Lot A P-1- . tW Z 5 tV - 1-3 - (0 7 Rec Ex KE 3e31 Owner(s) / Tenet(s): IX ri 3 -fl r2 ( u I- 5. PRODUCT AND/OR SERVICE Business activities involving the project site in unincorp. Weld County: (ws -hr 0..'n in. , 11noLoor) are v? h0rSe. boaVa n +- te&son 6. COUNTY ASSISTANCE - PAST & PRESENT Identify below past incentive assistance provided to the applicant by Weld County: N Identify below current requests by the applicant for any other assistance from Weld County: 7. BUSINESS PLAN Provide a brief overview of the proposed business in Weld County. voVern Q41 -F o- -pact it 7? I r�C & t Ytdlyc r-rfaliej ay 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 Em to s: Uhf 6 ) 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. 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 17ffi Avenue Greeley, CO 80631 Phone: (970) 353-6100 Fax: (970) 304-6498 Email: tparko(a�weldgov.com REMINDER: The application may be delayed if it is incomplete, unsigned 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 tg he accuracy of a information which is provided hereinabove. (signature) Oi 0 'i t? p- (title) ri5'/'Pfuf 28 rint name J/2 {p ) 022. ate) Lame Dog Ranch BUSINESS PLAN Prepared by: Kristi Hutt 11247 Weld County Road 36 Platteville, CO 80651 303-506-9934 Kristiolutt@gmail.com L EXECUTIVE SUMMARY Lame Dog Ranch (refer to from hereon in as the "Company") was established as a Sole Proprietorship at 11247 Weld County Rd 36, Platteville, CO 80651 with the expectation of rapid expansion in the horse boarding and training industry. The company solicits financial backing in order to be able to introduce its new service (described below). BUSINESS DESCRIPTION The Company was formed in Jan. 2001 as a Sole Proprietorship under Colorado state laws and headed by Kristi Plutt. Lame Dog Ranch has been an ever-growing facility for over 20 years. The Company currently employs one owner/operator and one part-time employee. MANAGEMENT TEAM Owner/Operator - Kristi Plutt has over 2 decades of experience in livestock management, horse training, and teaching horsemanship. Kristi also has an Associates Degree in Animal Health Technology. BUSINESS MISSION Our mission is to provide a quality equine boarding facility with a welcoming environment focusing on the wellness of horse and human. NEW SERVICE The company is prepared to introduce the following service to the market: Expanding service with an indoor riding arena which offers a more controlled riding environment during inclement weather. The purpose of a funding request is to help offset permitting fees and installation of electricity to said indoor arena. II. BUSINESS SUMMARY Industry Overview With a continued economic recovery from the COVID-19 pandemic the horse training industry is expected to grow over the next 5 years. industry demand fluctuates alongside per capita disposable income and general macroeconomic conditions. Thus, positive economic conditions are expected to boost direct demand for equine industry services. Additionally, demand from the recreational market is expected to increase. Rising demand will likely sustain profit even as costs continue to grow. Business Goals and Objectives Expanding services with an indoor riding arena offers comfort for riders with a more controlled riding environment. Lame Dog Ranch has a well -established client base. Our reputation is an important part of maintaining and expanding our clientele. III. MARKETING SUMMARY Target Markets The major target is horse owners seeking boarding, training, and lessons. The company has a niche in the market of "Natural Horsemanship" and offers private/group lessons and clinics. Pricing Strategy Lame Dog Ranch offers a competitive price on boarding with additional services available if needed. Those services include handling, medicating, exercising, and much more. Growth Strategy The company has been a longstanding business promoting the safety, education and enjoyment for horse and rider. All clients will receive conscientious, one-on-one, timely service in all capacities, be they transactions, conflicts or complaints. This is expected to create a brand loyalty. Communication with clients and potential clients is also key. Utilizing social media, email and updates via webpage will be implemented. A good reputation is important for any company providing training services because referrals are an important source of demand. I pride myself on my reputation and hard work. IV. FINANCIAL PLAN Attached is the following financial information: 2019 & 2020 Profit & Loss Statement Of note, 2020 statement exhibits a much larger profit margin due to the COVID-19 pandemic. Boarding services expanded year-round. 12:27 AM 03/20/22 Cash Basis Lame Dog Ranch, LLC Profit & Loss January through December 2019 Ordinary Income/Expense Income Chicken Eggs Cows Sold Mileage Reimbursement Reimbursed Expenses Sale of Horses Services Stud Fee Income Jan - Dec 19 10.00 6,680.65 125.00 8,610.97 5,000.00 156,938.03 1,000.00 Total Income 178,364.65 Gross Profit 178,364.65 Expense beef 4,430.40 Farm Care 1,548.98 Farrier Services 4,055.00 Feed/hay 99,141.26 Fuel for Tractor 1,515.32 Hauling 98.75 Insurance Liability Insurance 5,099.00 Total Insurance 5,099.00 Maintenance Miscellaneous Office Supplies Professional Fees Accounting Total Professional Fees Reconciliation Discrepancies Refund Registration Fees Rendering Rent Repairs Building Repairs Equipment & Fence Repairs Road Repairs - Other Total Repairs Returned Checks Stud Fees Supplies Telephone Travel & Ent Entertainment Meals 1,800.00 400.00 806.68 542.50 542.50 -19,676.93 1,750.00 876.75 750.00 800.00 2,718.60 3,042.88 3,693.12 21.52 281.45 226.74 9,476.12 725.00 775.00 2,892.81 327.16 Total Travel & Ent 508.19 Truck F250 Expense Diesel insurance Repairs 619.30 1,176.00 2,398.95 Total Truck F250 Expense 4,194.25 Utilities Electric Gas Trash 4,513.08 2,434.10 864.00 Page 1 12:25 AM 03/20/22 Cash Basis Lame Dog Ranch, LLC Profit & Loss January through December 2020 Ordinary Income/Expense Income Chicken Eggs Cows Sold Mileage Reimbursement Reimbursed Expenses Sale of Horses Services Total Income Cost of Goods Sold Cost of Beef Sold Jan - Dec 20 10.00 5.666.10 85.00 9,214.60 2,500.00 199,933.95 217,409.65 2,009.40 Total COGS 2,009.40 Gross Profit 215,400.25 Expense beef Chevy truck Farm Care Farrier Services Feed/hay Fuel for Tractor Insurance Farm 518.00 2,718.50 1,275.00 4,960.00 85,901.41 728.65 5,022.00 Total Insurance 5,022.00 Maintenance Miscellaneous Office Supplies Professional Fees Accounting 997.50 380.00 399.15 1,070.90 Total Professional Fees 997.50 Registration Fees Rendering Rent Repairs Building Repairs Equipment & Fence Repairs Repairs - Other 2,974.43 1,888.53 344.42 1,477.64 1,445.00 750.00 Total Repairs 5,207.38 Stud Fees Supplies Truck F250 Expense Diesel Insurance 138.51 3,024.98 300.00 1,794.84 Total Truck F250 Expense 3,163.49 Utilities Electric Gas Trash Water 4,422.58 1,153.51 884.00 2,193.72 Total Utilities 8,653.81 Vet Supplies Veterinary services 2,143.10 3,973.35 Total Expense 132,879.72 Page 1 12:27 AM 03/20/22 Cash Basis Lame Dog Ranch, LLC Profit & Loss January through December 2019 Water Total Utilities Vet Supplies Veterinary services Total Expense Net Ordinary Income Other Income/Expense Other Income Interest Income Total Other Income Other Expense RE Taxes Total Other Expense Net Other Income Net Income Jan » Dec 19 3,346.12 11,157.30 2,282.61 6,741.38 143,017.53 35,347.12 1.03 1.03 1,755.28 1,755.28 -1,754.25 33,592.87 Page 2 12:25 AM 03/20/22 Cash Basis Lame Dog Ranch, LLC Profit & Loss January through December 2020 Jan - Dec 20 Net Ordinary Income 82,520.53 Other Income/Expense Other Income Interest Income 7.41 Total Other Income Other Expense RE Taxes Total Other Expense Net Other Income Net Income 7.41 2,317.90 2,317.90 -Z310.49 80,210.04 Page 2 Invoice Detail Permit ID #: CME22-0018 Invoice #: 135925 Invoice Date: 03/02/2022 10:39:46 Period Fee Item BUILDING Electrical Fee by Job Cost (Enter Job Cost $) RECEIPT WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Qty Fee 18,000 $306.00 Total Fee: $306.00 Application: CMN22-0001 Application Type: Building/Commercial/Construction New/NA Address:11259 CR 36, Receipt No. Payment Method Check Owner Info.: 127755 Ref Number Amount Paid 1426 $20,338.73 PLUTT KRISTI A 11247CR36 PLATTEVILLE, CO 80651 Payment Date 04/14/2022 Received Comments From: Jeff Engell To: Tom Parko Jr. Cc: Kristi Plutt Subject: Kristi Plutt - Biz Plan/Weld Incentive Program Date: Wednesday, March 30, 2022 12:27:47 PM Attachments: 2019 1.pdf 2020 1.pdf 2020 2.pdf 2019.pdf Business Plan.pdf 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. Hi Tom, You and I have both been working with our mutual client Kristi Plutt (cc'd). She has engaged me in the business plan process that we have now completed (see attached). Since she is a well established and existing business with a 20+ year track record, we felt it was appropriate to include backward looking financials as those are what have been used as the basis for her opting to add the additional services and build the facility (which you are evaluating incentive rebates on). Please let me know if we can provide further information or commentary as to the process from our side. Jeff Jeff Engell Weld County Business Consultant I East Colorado Small Business Development Center 800 17th Street, Kepner Hall #0025 I Greeley, CO 80639 I PH 970.351.4274 � jeff@eastcoloradosbdc.com http://www.eastcoloradosbdc.com/ The Colorado SBDC is a Nationally Accredited Program The East CO SBDC office will be closed to in -person and walk-in meetings until further notice. For updates on COVID please visit our website as eastcoloradosbdc.com/disaster-relief, the state site Coloradosbdc.org/covid, or join our newsletter list http://bit.ly/eastcoupdate 9 Hello