HomeMy WebLinkAboutResolution 06 - 2022 - Tax Incentive with Applejack Liquors
CITY OF WHEAT RIDGE
RESOLUTION NO. 06
Series of 2022
TITLE: A RESOLUTION APPROVING THE FIRST AMENDMENT TO AN ENHANCED
SALES TAX INCENTIVE PROGRAM AGREEMENT WITH APPLEJACK WINE
AND SPIRITS LLC
WHEREAS, Division 4, Section 22-73 of the Wheat Ridge Code of Laws establishes an
Enhanced Sales Tax Incentive Program; and
WHEREAS, the purpose of the Enhanced Sales Tax Incentive Program is to encourage
the establishment and/or substantial expansion of retail sales tax generating businesses within
the city; and
WHEREAS, City Council adopted Resolution 41-2020 approving an Enhanced Sales Tax
Incentive agreement with Applejack Wine and Spirit LLC (the “Agreement”); and
WHEREAS, Applejack Wine and Spirits LLC and City staff have determined that the June
2019 – May 2020 “Base Year” sales figures in the Agreement are incorrect and accordingly do
not properly establish the correct Base Amount for purposes of calculating enhanced sales tax;
and
WHEREAS, approval of an amendment recalculating Section 4(b) of the Agreement to
reflect actual revenues will correct the 2020 Agreement; and
WHEREAS, City Council has conducted a proper public hearing on the proposed
amendment, meeting all public notice requirements as required by the Code of Laws.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WHEAT
RIDGE, COLORADO:
Section 1. First Amendment to ESTIP Agreement approved. The first amendment to
Enhanced Sales Tax Incentive Program Agreement with Applejack Wine and Spirits LLC is
hereby approved in the form attached as Exhibit 1, and the Mayor and City Clerk are hereby
authorized and directed to execute the same.
Section 2. Effective Date. This Resolution shall be effective upon adoption.
DONE AND RESOLVED by the City Council this 28th day of February 2022.
______________________
Bud Starker, Mayor
ATTEST:
______________________
Steve Kirkpatrick, City Clerk
EXHIBIT 1
First Amendment to ESTIP Agreement
Applejack Wine & Spirits, LLC
[attached]