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File #: Res 2014-59    Version: 1 Name: Economic Development Incentives for Native Grill & Wings
Type: Resolution Status: Passed
File created: 5/9/2014 In control: City Council
On agenda: 5/19/2014 Final action: 5/19/2014
Title: RESOLUTION APPROVING BUSINESS INCENTIVE FOR NATIVE GRILL AND WINGS COMMERCE CITY, LLC
Attachments: 1. Resolution, 2. Presentation, 3. Application
Title
RESOLUTION APPROVING BUSINESS INCENTIVE FOR NATIVE GRILL AND WINGS COMMERCE CITY, LLC
 
Body
Summary and Background
Native Grill & Winges has applied for Prospective Business, Job Creation and New Sit-Down Restaurant incentives.  The company is considering the Reunion Marketplace for a new 6,257 sf full service sit down restaurant with outdoor patio.  
 
Staff Responsible (Department Head):  Jim Hayes
 
Staff Member Presenting:  Jim Hayes
 
Financial Impact:  Estimated incentves total $103,504
 
Funding Source:  Incentives are based on rebates of a portion of the actual building permit fee, plan check fee and the City's non-dedicated 3.5% sales tax associated with this project.
 
Staff Recommendation:  
Staff recommeds approval of incentives for a new sit-down restaurant in Reunion Marketplace.
 
Suggested Motion:  
I move approval of Resolution 2014-59, providing economic development incentives to Native Gill & Wings.