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Council approves Costco tax-reimbursement agreement after clarification on percentage; public commenter urged hearing on full reimbursement
Summary
Council approved an amended incentive agreement with Costco (resolution 2025R-011) after staff clarified the agreement pays 100% of the 'designated' sales tax, which is defined as 75% of the city's 1% sales tax; a former city planner warned a public hearing is required when EDC sales tax is used.
Council approved resolution 2025R-011 on Feb. 12 to amend an existing incentive agreement with Costco related to infrastructure reimbursement. The vote was 4-0.
Background and public comment: A written public comment submitted by Stefan (Stephen) Saperoli — read into the record by staff — said Costco presented to council on Feb. 5 requesting a 75% sales-tax reimbursement for 20 years but that the consent-agenda item before council would provide what the commenter read as 100% reimbursement of the designated amount for 20 years with no maximum.…
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