Resolution No. 4529 - Laserfiche WebLink

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Section 1. Based upon the above findings, which are adopted herein, Resolution No. 4518 adopted by the City Council on May 28, 1997 is hereby repealed, and the City Council adopts the local criteria specified below. These local criteria shall govern all pending applications for pre- certification filed by a company prior to the expiration of the zone, and all applications filed by a company participating in the West Eugene Enterprise Zone at the time the zone expires when that company seeks an exemption for future investments after expiration of the zone. Section 2. Qualifying companies shall be required to make a public benefit contribution in an amount determined by an Enterprise Zone Committee based on the criteria specified in Section 4 of this Resolution. In no event shall the amount of the contribution exceed 15% of the tax exemption. Section 3. The Enterprise Zone Committee shall include six members: two city councilors chosen by the City Council; two county commissioners chosen by the Board of Commissioners; one additional elected official chosen by the other four members; and a representative from the West Eugene Enterprise Zone businesses mutually agreed to by the City Council and the Board of Commissioners. The additional elected official shall be a member of a governing body of one of the local educational institutions (i.e., a school district or community college). The Enterprise Zone Committee shall be responsible for: (a) determining the amount of the public benefit contribution based on the criteria in Section 4; and (b) determining how to allocate the funds received from the public benefit contributions as provided in Section 5. In making these determinations, the Committee shall follow the procedures specified in Section 6. Section 4. The Enterprise Zone Committee shall base its determination on the amount of public benefit contribution on the following criteria: * the extent to which the company hires from local training/referral agencies * the extent to which the company hires persons with barriers to employment * the extent to which the average compensation of new jobs is equal to or greater than the average county wage * the extent to which the company dedicates funds for non-mandated training and benefits * whether the company is utilizing a previously developed site, including expansion at an existing site, or redevelopment of an industrial or brownfield site * the extent to which the assessed value of new investment exceeds $500,000 per acre * whether the company is a small and/or local business or small and/or local start-up company Resolution - 2 06/30/97