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Council approves transfer of industrial tax abatement to Cal Blue Group for Sprinkle Road unit
Summary
After a public hearing, council approved transfer of an existing industrial facilities tax abatement for Unit 1 at 5870 South Sprinkle Road from the original certificate holder to Cal Blue Group, with the original abatement terms unchanged through Dec. 30, 2033.
The council held a brief public hearing and then voted to transfer an existing industrial facilities tax abatement certificate, agreement and affidavit of fees for Unit 1 at 5870 South Sprinkle Road (within Industrial Development Districts No. 34 and 62) to Cal Blue Group, Inc.
Deputy Director of Economic Development Jonathan Hallberg explained the property: the original building is approximately 63,000 square feet and Unit 1 is about 25,000 square feet. The original abatement was issued as a speculative industrial facilities tax abatement; because tenants were secured prior to construction the property was subsequently portioned into units, and the owners requested the certificate for Unit 1 be transferred from the original tenant (Depaty/Depati fluid power) to Cal Blue. Hallberg said the construction period is complete and the existing certificate remains in effect through Dec. 30, 2033; the certificate cannot be extended, only transferred in its current form.
A motion to adopt Resolution 4 to approve the transfer was made and the council approved it on roll call 7–0. Council welcomed Cal Blue Group to the community and noted that the company brings personal property and some permanent jobs in addition to investment in the facility.
No member of the public spoke during the hearing and no amendments to the certificate timeline were proposed.
