Glenwood City Council to vote on new economic incentive program
Glenwood Springs, CO Colorado
GLENWOOD SPRINGS, Colorado ” City Council will discuss and possibly vote on a resolution that would amend the city’s current municipal code to provide for businesses an additional economic incentive program.
The program is intended for new development and is expected to increase work in the construction trades.
According to the resolution, the city’s current municipal code provides economic incentives for businesses through the rebate of sales taxes to offset the costs of certain imposed fees.
The program would allow qualified businesses to apply for either a “tier one” or “tier two” city sales tax rebate for up to five consecutive years.
Rebates could be applied toward such city-imposed fees, costs, and taxes, as water and sewer system improvement fees, fire and emergency service impact fees, or costs incurred for extension of the city’s electric lines.
At the April 16 meeting Glenwood City Manager Jeff Hecksel said that the program is designed to encourage people who are in the margin of doing a project, but may be slightly short on funds for some reason, to go ahead and do it.
The string associated with that incentive, according to Hecksel, is that they need to use local contractors to do the work.
Councilman Russ Arensman agreed that having the stipulation to use local contractors is fair considering that the fees typically charged to developers intended to offset the cost of development are now being passed from the private sector to the public sector.
For companies to be eligible, the city would require the applicants to have collected and paid all applicable sales, use, or accommodations taxes. The applicant can’t be in violation of any building permit or development conditions and must pay all applicable city-imposed fees including the fees for which the rebate is being applied.
– Discussion on an Intergovernmental Agreement for Mosquito Control with the county.
– Approval of the 27th Street and Midland Avenue Intersection Improvement Project bid.
– There will also be a presentation on the status of the wastewater treatment plant and architectural approval.
Contact John Gardner: 384-9114
Support Local Journalism
Support Local Journalism
Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
David Aguilar scans the landscape along the ridge above the Roaring Fork Valley floor where he lives and worries about the worst — another wildfire that could level his and possibly hundreds of other homes…