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Item A - Res.on Enterprise Zone
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Item A - Res.on Enterprise Zone
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6/9/2010 12:57:29 PM
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4/14/2005 8:32:39 AM
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Agenda Item Summary
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4/20/2005
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Additionally, questions have been raised regarding additional railroad-related property that was not <br />removed from the proposed enterprise zone boundary. A response to these questions is included in <br />Attachment E, and an alternative map depicting the removal of this additional railroad-related property <br />from the proposed enterprise zone is included in Attachment F. <br /> <br />RELATED CITY POLICIES <br />The enterprise zone tax exemption addresses the following related City policies: <br /> <br />· Sustainable Community Development. The council's Sustainable Community Development goal <br /> addresses high quality of life and a healthy economy. The availability of quality jobs is a basic <br /> quality of life issue. With a local unemployment rate that exceeds the national average, and local <br /> income levels below state and national averages, the creation of new production sector jobs is <br /> fundamental to the health of the local labor market. The creation of an enterprise zone will also <br /> provide an incentive for redevelopment, infill development, and brownfield redevelopment, which <br /> are primary sustainability goals. <br />· Growth Management. The enterprise zone advances the City's Growth Management goals by <br /> encouraging more intensive industrial development in a defined area that has been zoned <br /> accordingly, and where existing public infrastructure investments have already occurred. <br /> <br />· Fair, Stable, and Adequate Financial Resources. The long-term property tax revenues resulting from <br /> new investments that are encouraged by the short-term tax exemption address the council's goal for <br /> financial resources adequate to maintain and deliver municipal services. <br /> <br />COUNCIL OPTIONS <br />Regarding the establishment of job quality standards, the following three options have been identified: <br /> <br />1. Establish standards prior to July 1, 2005. Under this option, staff is proposing that the enterprise <br />zone subcommittee of the Mayor's Committee on Economic Development be utilized and expanded for <br />the purpose of developing a recommendation on job quality standards. The subcommittee participants <br />included Rusty Rexius, Cathy Smith, Steve Korth, Tom Bowerman, and Jana Rygas. The expansion of <br />the subcommittee would include a representative from the Eugene Springfield Solidarity Network, and a <br />representative from the University of Oregon's Economic Forum. The Lane Workforce Partnership has <br />also expressed an interest in participating in the process. The Oregon Employment Department would <br />be utilized to provide relevant local employment and wage data. The expanded subcommittee group <br />would gather public input, draft a recommendation on job quality standards, and present the <br />recommendation to the public for input prior to Council adoption. <br /> <br /> Pros. - Utilizes subcommittee participants who are familiar with the enterprise zone issues, <br /> and previously initiated some work on local standards. <br /> - Expands the subcommittee to include additional special interest and local expertise. <br /> - If application is successful this year, standards would be in place prior to designation <br /> of the zone. <br /> <br /> Cons. - Requires dedication of resources, and time commitment from the public, with no <br /> assurance that Eugene's application will be successful this year. <br /> - Timeline for thorough analysis, public input, and recommendation is compressed. <br /> <br /> L:\CMO\2005 Council Agendas\M050420\S050420A. doc <br /> <br /> <br />
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