HomeMy Public PortalAboutResolution 2023-12-03 Authorizing the Mayor to Sign an Agreement for Economic Incentives with Simple Coffee Co.TOWN OF FRASER
RESOLUTION NO. 2023-12-03
A RESOLUTION AUTHORIZING THE MAYOR
TO SIGN AN AGREEMENT FOR ECONOMIC INCENTIVES WITH SIMPLE COFFEE CO.
WHEREAS, the Town of Fraser has adopted Fraser Municipal code Section 2-2-10(d) to
encourage, in part, the establishment and expansion of new retail sales tax generating
businesses within the Town of Fraser and to further other public purposes; and
WHEREAS, Byson Investments, on behalf of 406 Zerex, LLC and its commercial
tenants, including Simple Coffee Co., made a request to the Town of Fraser Board of Trustees
at the October 4th 2023 Board meeting for economic incentives for the Koselig on Main project
(406 Zerex); and
WHEREAS, the Economic Development Advisory Committee recommended to the Town
Board that they approve some level of economic incentives for Koselig on Main due to
extenuating communication issues around economic incentive requests previously made to prior
Town staff;
THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
The Town of Fraser Board of Trustees authorizes the Town Mayor to sign an
agreement for certain economic inducement and incentives, to include a sales tax
rebate for Simple Coffee Co, in an amount equal to 100% of the Town's 4%
municipal sales tax collected for the period of five (5) years beginning January 1st,
2024.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED THIS 6th DAY OF DECEMBER
2023.
Votes in favor: BOARD OF TRUSTEES OF THE
Votes opposed: TOV FRAS , COLO
Abstained:
BY:
Mayor
ATTEST:
OtAJO-ti \C'l)4;, ct
Town Clerk