Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)
Date Submitted: 11-20-18
Requesting Agency: Economic Development
Division:
* Name: Susan Liehe
* Phone: 720-913-1689
* Email: susan.liehe@denvergov.org
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A resolution authorizing submittal of an application for a special-purpose subzone of Foreign-Trade Zone No. 123 for use by Lexmark International, Inc.
Authorizes the city to submit an application for use by Lexmark International, located at 6555 Monarch Road in Longmont, Colorado, to establish a special-purpose subzone of Foreign Trade Zone #123, as authorized by the U.S. Foreign Trade Zones Board, for use by companies located within 60 miles of Denver International Airport. The Committee approved filing this item at its meeting on 11-28-18.
body
Affected Council District(s) or citywide?
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
A Foreign Trade Zone is a site within the U.S. that is considered by federal government to be outside Customs territory. It is a designated location where companies can use special procedures that help encourage U.S. activity and value added--in competition with foreign alternatives--by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. Generally, across the U.S., the largest industry currently using FTZs is the petroleum refining industry. Significant zone manufact...
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