Resolution No. 4845
City of Eugene
2005 No. 4820-4855
Resolution No. 4845
6/10/2010 4:49:50 PM
6/30/2005 10:07:16 AM
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iRESOLUTION NO. 4845 <br /> <br />A RESOLUTION ESTABLISHING INTERIM LOCAL CRITERIA <br />APPLICABLE IN THE PROPOSED WEST EUGENE ENTERPRISE <br />ZONE AND ADOPTING A PUBLIC BENEFIT SCORING SYSTEM. <br /> <br />The City Council of the City of Eugene finds that: <br /> <br /> A. On April 20, 2005 the City Council adopted Resolution No. 4832 authorizing the <br />City Manager to make application to the State of Oregon for designation of a West Eugene <br />Enterprise Zone. <br /> <br /> B. At the time Resolution 4832 was approved the Council directed the City Manager <br />to bring back to the Council, prior to July 1, 2005, a resolution adopting interim local criteria <br />consistent with the Public Benefit Criteria adopted in 1997. It was the understanding that new <br />job quality standards would be adopted as soon as practical following notification of a successful <br />designation application, with the intent that 25 percent of the tax exemption benefit for qualified <br />enterprise zone investments would be subject to the job quality standards. <br /> <br /> C. Notification has not been received frorn the State of Oregon regarding the <br />selection of zone designations for this year's application round. The selection is expected to <br />occur prior to July 1, with the zone becoming active as of July 1, 2005. <br /> <br /> D. The Interim Local Public Benefit Criteria set forth herein consists of the 1997 <br />Public Benefit Criteria, with the public benefit contribution of 15 percent modified to 25 percent, <br />as directed by the Council. The Council also requested that a cap be placed on the tax <br />exemption, and staff has recommended a cap of $30,000 per new full-time job created. <br /> <br /> E. The Public Benefit Criteria attached as Exhibit A hereto reflects the scoring <br />system adopted by Resolution No. 4548 on December 1, 1997 with the formula for calculating <br />the public benefit contribution adjusted to reflect the Council's desire to condition 25 percent <br />(formerly 15 percent) of the tax exemption on the public benefit criteria. <br /> <br />NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br /> <br /> Section 1. Based on the above findings, which are hereby adopted, the City Council <br />hereby establishes the folio-wing Interim Local Criteria for the proposed West Eugene Enterprise <br />Zone: <br /> <br /> (a) Qualifying companies shall be required to make a public benefit <br />contribution based on the following criteria: <br /> <br />Resolution- 1 <br /> <br /> <br />
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