HomeMy WebLinkAboutResolution-1997-1630
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 1630
Series of 1997
TITLE:
A RESOLUTION EXTENDING THE SALES AND USE TAX INCENTIVE PERIOD TO
PROVIDE DEVELOPMENT INCENTIVES TO THE ROCKY MOUNTAIN BOTTLE
COMPANY FOR THE MODERNIZATION AND EXPANSION OF ITS BOTTLING
FACILITY IN THE CITY OF WHEAT RIDGE
WHEREAS, the Rocky Mountain Bottle Company, a Colorado general partnership
owns and operates a bottle manufacturing facility in the City of Wheat Ridge; and
WHEREAS, said bottle manufacturing facility is located in a Wheat Ridge
enterprise zone, and
WHEREAS, the bottle manufacturing facility employs several hundred people and
pays significant sales, use, and property taxes to the City of Wheat Ridge; and
WHEREAS, the Coors Brewing Company, the predecessor to Rocky Mountain
Bottle Company, proposed a major modernization of the bottle manufacturing facility
resulting in employment of additional persons and increases in the amount of sales, use,
and property tax paid to the City of Wheat Ridge, and
WHEREAS, by Resolution No. 1462, Series of 1995 and by a Tax Incentive
Agreement dated June 15, 1995, the City of Wheat Ridge provided sales and use tax and
real and personal property tax incentives to Coors Brewing Company to facilitate expansion
and modernization of the bottle manufacturing facility, and
WHEREAS, the Rocky Mountain Bottle Company has requested an extension of
the sales and use tax incentive period to facilitate the completion of Phase III of the bottle
manufacturing facility modernization; and
WHEREAS, such tax incentive period extension will not result in any increase in
the amount of sales or use tax incentives to be provided pursuant to Resolution No 1462
and the Tax Incentive Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that the
Mayor and City Clerk are hereby authorized to enter into an agreement with Rocky
Mountain Bottle Company amending the Tax Incentive Agreement dated June 5, 1995, by
extending the sales and use tax incentive period to facilitate the completion of the
proposed expansion and modernization of the glass manufacturing facility within the City
of Wheat Ridge.
DONE AND RESOLVED this ~1day of October
. 1997
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DAN WILDE, MAYOR
ATTEST'
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WANDA SANG, CITY CLE
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