A resolution approving a proposed Business Incentive Fund (BIF) contract with Bottling Group, LLC for an amount not to exceed $1,000,000 for 7 years and for performance based criteria that include establishment of a state-of-the-art manufacturing facility and associated significant investments, as well as job retention and creation and associated investments into upskilling and training of the manufacturing facility’s Denver-based workforce. Approves a Business Incentive Fund (BIF) contract with Bottling Group, LLC for an amount not to exceed $1,000,000 and for 7 years through 12-31-2028 for performance based criteria that include establishment of a state-of-the-art manufacturing facility and associated significant investments, as well as job retention and creation and associated investments into upskilling and training of the manufacturing facility’s Denver-based workforce (OEDEV-202160849-00). The last regularly scheduled Council meeting within the 30-day review period is on 4-11-2022. The Committee approved filing this item at its meeting on 3-9-2022.
Councilmember Clark, would you please put resolution 2a1 on the floor for adoption. As council president of the council, resolution 201 be adopted. Thank you. We've got a mover in a second. Comments and questions by members of Council on Resolution 201. Councilmember CdeBaca. Thank you. I just want to go on record voting no for this tonight. Pepsi is not necessarily a group that needs $1,000,000 incentive to stay in Denver, and they are well on their way to completing their move with or without this incentive. So definitely just want to make sure that I'm clear in not supporting this tonight. Thank you. Thank you. And I'll go ahead. And since this is in my council district, District 11, we as community members, along with some of the original steering committee members from the far northeast neighborhood plan, reconvened and talked through all of the pros and possible challenges of welcoming a large scale manufacturer into District 11. And the community saw fit that this was a great use for this area and this will bring close to 500 jobs to the region as well. And I would ask my colleagues to support it tonight. Madam Secretary, roll call on Council Resolution 22, Dash 201, please. See tobacco? No. Clark. I. Swen. I. Herndon, I. Hi. All right. Cashman. Kenny Ortega. Sandoval. I. Sawyer. I. Torres. I. Black. Madam President, I. Madam Secretary, please close the voting and announce the results. One day, 11 eyes. 11 Eyes. Council Resolution 22, dash 201 has been adopted. Madam Secretary, please put the next item up on our screens. Councilmember Flynn, go ahead with your comments on resolution 159, please.