Loading...
HomeMy WebLinkAbout20203469.tiffRESOLUTION RE: APPROVE APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - BUCKLEN SERVICES, 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 Bucklen Services, 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 $2,813.00, payable to Bucklen Services, Inc., to offset various impact fees incurred and previously paid by Bucklen Services, 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 Bucklen Services, 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 $2,813.00, be, and hereby are, released and payable to Bucklen Services, Inc., to offset various impact fees incurred and previously paid by Bucklen Services, Inc. Cc%Pi..(TP), PI(ow/co) AcTC$ /CD) Rep l , 12103/2a 2020-3469 PL2290 APPLICATION FOR SMALL BUSINESS INCENTIVE PROGRAM AND AUTHORIZE RELEASE OF ECONOMIC DEVELOPMENT TRUST FUNDS (TIER I) - BUCKLEN SERVICES, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 23rd day of November, A.D., 2020. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: ditifilo w JCJ, :Ok Weld County Clerk to the Board BY: Deputy Clerk to the Board APP torney Date of signature: 1 I /30/2 Mike Freeman, Chair Steve Mgtreno, Pro-Tem ScJames 2020-3469 PL2290 MEMORANDUM To: County Commissioners Cc: Don Warden, Finance Director Barb Connolly, Controller From: Tom Parko, Planning Services Director Subject: SBIP for Bucklen Services Inc. Date: November 12, 2020 I am pleased to submit to the Board of County Commissioners Bucklen Services Small Business Incentive Application. Bucklen Services Company is operating a mine in conjunction with Orrlando LLC. Bucklen's mining division has six (6) employees and the owner is Randy Bucklen. As part of the application requirements, the owner submitted their business plan and met with representatives from the Small Business Development Center (SBDC). Chelsey Beller reviewed the business plan and found it satisfactory. Attached is the confirmation letter 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: USR Fee: Map Recording Fee: $5,300.00 $13.00 Total $5,313.00 According to the Small Business Application requirements, the business falls under Tier 1 and is eligible to receive up to $20,000.00. The business is obligated to cover the first $2,500.00. Therefore, the applicant is eligible receive $2,813.00 The Planning Services Director recommends approval of this application and respectfully requests that the County Commissioners authorize and release $2,813.00 from the Economic Development Fund. SERVICE, TEAMWORK, INTEGRITY, QUALITY 2020-3469 11 4a,3 229e 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. I Application Date: I 5 120 12_C) 9 1. COMPANY INFORMATION Applicant Name: Mailing Address: But. c.Klu1 Sexy i C.¢ S, 1 rt.c 904 N 25l 'A-ve. acreel , CD fro031 Telephone: G10- 353-b?2o Email: Fax: Web Site: Io I,t4K.(c n ecop 5trnail.esnal a -in -353 -0 -,a -I 2. INCORPORATION INFORMATION (if applicable) Federal I D#: Type: Ivo al- 9,31415G 6- Co►zp State: Colorado Date of Incorporation: 20 to 3. CONTACT PERSON Name & Title: 4Sttl. I i L CI AYK F5b 0 kl<e ep Q — Mailing Address: , soy- 1.19..5441 Ave_ &'(reet J , Co goto'j1 Telephone: 7 910. 353 -0-72.D Fax: 0(10 -3S3 —D^1 ZI E-mail Address: �u (x t met)? c i ota` I • co n 1 4. PROPERTY INFORMATION Parcel ID#: O$05a. 9 30p0 d 9 Property Address: 1 10 — Legal Description: Sec* 2c( lvwrLSk p bN Rctncy_ ta(cw Owner(s) / Tenet(s): d r r I omf p LLC, 5. PRODUCT AND/OR SERVICE Business activities involving the project site in unincorp. Weld County: rI.rn -1, prodLLc..e road base. avld /ov ) 4 L &k ra cA<. 6. COUNTY ASSISTANCE - PAST & PRESENT Identify below past incentive assistance provided to the applicant by Weld County: n. I Identify below current requests by the applicant for any other assistance from Weld County: nIa- 7. BUSINESS PLAN Provide a brief overview of the proposed business in Weld County. We plan -iv process raw aawec.o4c f.Dr vaviet OF peocesnot jre&4 rvta1,3 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: GIP 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.orq Phone: (970)352 3661 (9'f4) 35H 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 17TH Avenue Greeley, CO 80631 Phone: (970) 353-6100 Fax: (970) 304-6498 Email: tparko@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 to the accuracy of the information which is provided hereinabove. CI4 Ray (signature) (title) 451/ r4 . a04<. 7/6 --/cocci (print name) (date) 3 8:55 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Profit & Loss January through December 2018 Ordinary Income/Expense Income Lease Income Sales Aggregate 1" Road Base 3/4" Road Base Berm Dirt Fill Dirt Top Soil Total Aggregate Total Sales Shipping and Delivery Income Total Income Jan - Dec 18 180,000.00 10,309.46 161,991.91 180,418.50 31,216.31 653,246.45 1,037,182.63 1,037,182.63 1,800.00 1,218,982.63 Cost of Goods Sold Cost of Goods Sold 119,241.44 Total COGS 119,241.44 Gross Profit 1,099,741.19 Expense Advertising and Promotion Business Licenses and Permits Charitable Contributions Computer and Internet Expenses Depreciation Expense Employee Relations Expense Equipment Rental Miscellaneous Expense Office Services Office Supplies Professional Fees Repairs and Maintenance 5,476.75 12,185.98 500.00 2,314.89 763,801.75 5,476.75 405,427.09 250.00 2,600.00 462.88 37,124.97 4,298.94 Total Expense 1,239,920.00 Net Ordinary Income -140,178.81 Other Income/Expense Other Income Sales Tax Adjustment 769.02 Total Other Income 769.02 Other Expense Ask My Accountant 0.00 Total Other Expense 0.00 Net Other Income 769.02 Net Income -139,409.79 Page 1 8:56 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Balance Sheet As of December 31, 2018 ASSETS Current Assets Checking/Savings Guaranty Bank Total Checking/Savings Accounts Receivable Accounts Receivable Total Accounts Receivable Other Current Assets Undeposited Funds Total Other Current Assets Total Current Assets Fixed Assets Accumulated Depreciation Fixed Asset Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Total Accounts Payable Other Current Liabilities N/P - Bucklen Equipment Company Sales Tax Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Capital Stock Distribution - Ashlie Clark Distribution - Darren Bucklen Distribution - Judy May Distribution - Mike Bucklen Distribution - Randy Bucklen Distribution Michael Bucklen Jr Retained Earnings Net Income Dec 31, 18 64,549.76 64,549.76 25,294.57 25,294,57 24,379.40 24, 379.40 114,223.73 -1,148,508.07 1,148,508.07 0.00 114,223.73 4,415.74 4,415.74 205,000.00 780.10 205,780.10 210,195.84 210,195.84 30,000.00 -18,138.30 -18,138.30 -22,169.03 -22,169.03 -22,169.03 -18,138.30 134,359.67 -139,409.79 Total Equity -95,972.11 TOTAL LIABILITIES & EQUITY 114,223.73 Page 1 8:56 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Profit & Loss January through December 2017 Ordinary Income/Expense Income Lease Income Sales Aggregate 1" Road Base 3/4" Road Base Berm Dirt Fill Dirt Top Soil Total Aggregate Total Sales Shipping and Delivery Income Total Income Cost of Goods Sold Cost of Goods Sold Total COGS Gross Profit Expense Advertising and Promotion Business Licenses and Permits Charitable Contributions Computer and Internet Expenses Continuing Education Depreciation Expense Employee Relations Expense Equipment Rental Insurance Expense Meals and Entertainment Miscellaneous Expense Office Services Office Supplies Payroll Expenses Colorado Unemployment FICA Expense FUTA Expense Medicare Expense Payroll Expenses - Other Total Payroll Expenses Professional Fees Repairs and Maintenance Total Expense Net Ordinary Income Other Income/Expense Other Income Sales Tax Adjustment Total Other Income Other Expense Ask My Accountant Penalties Section 179 Expense Jan - Dec 17 48,000.00 5,897.33 17,752.16 208,622.64 78,962.31 345,881.56 657,116.00 657,116.00 1,090.06 706,206.06 4,276.21 4,276.21 701,929.85 5,933.69 9,207.80 200.00 1,652.37 3,129.00 121,645.29 974.50 260,601.49 11,796.00 4,659.19 17.95 -120.00 469.55 614.71 6,763.65 252.00 1,581.81 109,090.92 118,303.09 4,630.00 21,595.82 564,695.74 137,234.11 538.89 538.89 0.00 0.00 17,254.10 Total Other Expense 17,254.10 Page 1 8:56 AM Bucklen Services, Inc. 05/28/19 Accrual Basis Profit & Loss January through December 2017 Net Other Income Net Income Jan - Dec 17 -16,715.21 120,518.90 Page 2 8:56 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Balance Sheet As of December 31, 2017 ASSETS Current Assets Checking/Savings Guaranty Bank Total Checking/Savings Accounts Receivable Accounts Receivable Total Accounts Receivable Other Current Assets Inventory Asset Total Other Current Assets Total Current Assets Fixed Assets Accumulated Depreciation Fixed Asset Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Total Accounts Payable Other Current Liabilities Payroll Liabilities Colorado Unemployment Colorado Withholding Federal Withholding Payable FICA Payable FUTA Payable MEDICARE Payable Total Payroll Liabilities Sales Tax Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Capital Stock Retained Earnings Net Income Dec 31, 17 65,918.02 65,918.02 60,075.72 60,075.72 87,249.22 87,249.22 213,242.96 -384,706.32 384,706.32 0.00 213,242.96 2,058.30 2,058.30 697.50 4,766.00 23,123.00 13,527.30 252.00 3,163.62 45,529.42 1,295.57 46,824.99 48,883.29 48,883.29 30,000.00 13,840.77 120,518.90 Total Equity 164,359.67 TOTAL LIABILITIES & EQUITY 213,242.96 Page 1 8:57 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Profit & Loss January through December 2016 Ordinary Income/Expense Income Lease Income Sales Aggregate 1" Road Base 12" Rip Rap Rock 3/4" Road Base 3/8" Rock 6" Rip Rap Rock Berm Dirt Concrete Sand Crushed Concrete Base Fill Dirt Other Product Structural Fill Top Soil Jan - Dec 16 36,000.00 13,919.49 2,977.80 1,259.20 296.80 343.80 76,077.00 205.90 176.70 34,379.07 541.20 1,167.28 288,753.29 Total Aggregate 420,097.53 Total Sales Shipping and Delivery Income Total Income Cost of Goods Sold Cost of Goods Sold Freight and Shipping Costs Total COGS 420, 097.53 12, 697.99 468, 795.52 5,155.21 6,500.00 11,655.21 Gross Profit 457,140.31 Expense Advertising and Promotion Automobile Expense Business Licenses and Permits Charitable Contributions Computer and Internet Expenses Employee Relations Expense Equipment Rental Insurance Expense General Liability Insurance Total Insurance Expense Meals and Entertainment Miscellaneous Expense Office Services Office Supplies Payroll Expenses Colorado Unemployment FICA Expense FUTA Expense Medicare Expense Payroll Expenses - Other 6,436.98 5,500.00 5,157.82 880.00 863.71 393.00 167,173.88 6,981.00 429.01 3,468.44 185.16 811.17 55,942.52 6,981.00 6,043.98 -1,162.06 9,449.00 429.74 Total Payroll Expenses 60,836.30 Professional Fees Rent Expense Repairs and Maintenance Travel Expense Total Expense 7,230.00 25, 000.00 21,191.50 24.30 322,429.15 Net Ordinary Income 134,711.16 Page 1 8:57 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Profit & Loss January through December 2016 Other Income/Expense Other Income Other Income Sales Tax Adjustment Total Other Income Other Expense Ask My Accountant Section 179 Expense Jan - Dec 16 65,115.75 281.62 65,397.37 0.00 108,539.85 Total Other Expense 108,539.85 Net Other Income -43,142.48 Net Income 91,568.68 Page 2 8:56 AM 05/28/19 Accrual Basis Bucklen Services, Inc. Balance Sheet As of December 31, 2016 ASSETS Current Assets Checking/Savings Guaranty Bank Total Checking/Savings Accounts Receivable Accounts Receivable Dec 31, 16 113,344.93 113,344.93 36,184.59 Total Accounts Receivable 36,184.59 Other Current Assets Inventory Asset 90,159.90 Total Other Current Assets 90,159.90 Total Current Assets 239,689.42 Fixed Assets Accumulated Depreciation Fixed Asset Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Total Accounts Payable Other Current Liabilities N/P - Bucklen Equipment Company Payroll Liabilities Colorado Unemployment Federal Withholding Payable FICA Payable FUTA Payable MEDICARE Payable Total Payroll Liabilities Sales Tax Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Capital Stock Distribution - Randy Bucklen Retained Earnings Net Income -245,806.93 245,806.93 0.00 239,689.42 236.13 236.13 20,000.00 387.36 6,212.00 4,942.64 143.16 1,155.94 12,841.10 771.42 33,612.52 33,848.65 33, 848.65 30, 000.00 0.01 84,272.08 91,568.68 Total Equity 205,840.77 TOTAL LIABILITIES & EQUITY 239,689.42 Page 1 1:00 PM 07/15/19 Bucklen Services, Inc. Employee Contact List Employee Darren H Bucklen 415 North 21st Avenue Greeley, CO 80631 Male Judy L May 2217 "C" Street NorthWest Greeley, CO 80631 Female Michael A Bucklen 2423 "C" Street NorthWest Greeley, CO 80631 Male Michael A Bucklen, Jr. 2423 "C" Street NW Greeley, CO 80631 Male Randy K Bucklen 502 North 21st Avenue Greeley, CO 80631 Male Address Gender Ashlie M Clark 2230 Hemlock Avenue Greeley, CO 80631 Female Page 1 Bucklen Services, Inc. Business Plan Bucklen Services, Inc. 804 N 25th Ave Greeley, CO 80631 970-353-0720 bucklenegp@gmail.com Executive Summary Bucklen Services is a gravel/aggregate broker firm in Weld County. It was formed out of a multi -generational family owned gravel and equipment business that has been serving the community for decades. The ownership team has significant experience and expertise in the gravel industry and strives to serve its customers with excellent customer service. Mission Statement To provide excellent service and products in the gravel, mining, heavy equipment and trucking industry in Weld County. Goals & Objectives To act as a brokerage firm for gravel products - To find cost effective gravel product supply available within reasonable distance of the demand for product - To continue to serve current customers and expand the customer base by adding three more significant customers within one year To begin mining land - To obtain gravel permit for Tollgate pit in 2019 - To complete setup of mine area and mining processes within one year To begin selling washed aggregate product - To finish the setup of wash /screen plant in 2019 - To begin washing product mined from Tollgate pit and selling it within one year Business Description Bucklen Services was started and incorporated in Colorado in 2010. It was formed from an existing gravel mining and equipment company that has been in business since pre 1970s. Currently the Bucklen companies are looking toward becoming a fifth generation family -owned business. Bucklen Services has primarily acted as gravel broker, buying and selling aggregate products in order to help meet demand in the area. Randy Bucklen, one of the owners, has offered Professional Advising Services to other gravel operations. During 2011-2013 it leased a gravel pit in Weld County and mined and sold gravel from it. Currently, the company is working towards acquiring a Mine Permit for another parcel of land in order to lease and mine it. Market Research The target market for Bucklen Services is currently the oil and gas industry. There are several large oil and gas companies in the county. Three are already major customers. If the company is able to acquire the mine permit and begin washing rock, the target market will broaden to include landscapers, housing developers, and even personal customers. The competition in the market include other gravel mines in the area as well as other aggregate brokers. This includes Mill Iron Mining, Aggregate Industries/Lafarge, and Martin Marietta. These competitors are able to provide aggregate product and competitive pricing. However, they are all operated in a more corporate fashion. Bucklen Services continues to act as a family -owned business, with a personal touch to customer relations. Bucklen Services is the only local pit who offers direct sales to individuals and works hard to meet the needs and desires of customers. Site Analysis The main office is located in Weld County, in North Greeley. Currently, the company operates out of the same office as Bucklen Equipment, with minimal use of their yard. Looking forward, the company hopes to begin mining at the Tollgate Pit, North and West of the office. Bucklen Services is located in the Enterprises Zone and outside of city limits. All of the owners are located close to the property. Marketing Plan SWOT Analysis Strengths Weaknesses Opportunities Threats Product/ Service excellence higher cost Tollgate pit mine regulations Brand/Marketing longtime local business less corporate new customers big competitors Staff/HR family, experience small staff growth/lease time Finance no debt ever! Operations/Management family, experience age next generation planning Market great demand volatile rock washing oil/gas law changes Bucklen Services will reach the target market via personal relationship building with existing and new customers. Management Plan - Key Personnel o Randy Bucklen - owner and executive advisor, part of family business his whole life, experience in mining, permitting, equipment operation, construction, demolition and aggregate recycling - Growth Plans o Bucklen Services hopes to expand to the leased Tollgate pit, and eventually to expand the employee base greatly to include the current employees of Bucklen Equipment (and more) - Contingency Plan o Major risks include permit regulations and cost as well as oil/gas regulations o The owners will work hard to understand and negotiate the company's position with the Mine Reclamation Board Financial Plan It will cost an additional $400,000 (approx.) to acquire a bond for the Tollgate pit Mine Permit. The company will be able to finance the expansion. Appendices East Colorado SBDC 800 17th Street, Suite 0035 Greeley, Co 80639 June 20, 2019 Dear Mr. Parko, EAST COLORADO Small Business Development Center This letter is to certify that I have met with Ashlie Clark of Bucklen Services and reviewed her business plan. The company has been in business for nearly 50 years and have developed a successful business model. The expansion of the services they are planning to provide will help them with strategic growth and development of their business. If you have any other questions, please don't hesitate to contact me. Thank you, Chelsie Beller Chelsie.Beller@EastColoradoSBDC.com (970) 351-4274 [Type here} [Type here] [Type here] parnrarepoteraNaMewnscrewnwass.rerenn,...scre...w. ...v._ .......e.,.na.,t*.., >=0",inA•toj'alUSCCorlittiaearoCrenle'CX.rw ... X ..,.. , am .,.. ,..,nL..5,,..tn. .atV :A. -#-ata7itsz:=CazereAcn . WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Application: USR19-0058 pplication Type: Planning/Use By Special Review/NA/NA Address: CO Receipt No. 112802 ayment Method Ref Number Amount Paid Payment Date Received Comments Check ner Info.: 6375 ORRLANDO LLC 1813 61ST AVE STE 200 GREELEY, CO 806348059 $5,300.00 09/17/2019 ork A Site Specific Development Plan and Use by Special Review Permit Description: for Open Mining (sand, gravel and stone) in the A (Agricultural) Zone District ECEIPT WELD COUNTY, CO WELD COUNTY, CO 1401 N. 17TH AVENUE Contact Application: USR19-0058 Application Type: Planning/Use By Special Review/NA/NA adress: CO Receit N._!e Payment Meth Credit Card Wi er Info.: ork Descri pti 119566 Ref Number Amount Paid Payment Date Received Comments 13.00 ORRLANDO LLC 1813 61ST AVE STE 200 GREELEY, CO 806348059 10/30/2020 A Site Specific Development Plan and Use by Special Review Permit n: for Open Mining (sand, gravel and stone) in the A (Agricultural) Zone District Hello