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Ordinance No. 20586
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2017 No. 20572 - 20587
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Ordinance No. 20586
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8/4/2017 4:30:31 PM
Creation date
8/4/2017 4:30:31 PM
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Council Ordinances
CMO_Document_Number
20586
Document_Title
ORDINANCE AMENDING THE WEST EUGENE ENTERPRISE ZONE PUBLIC BENEFIT CRITERIA AND SCORING SYSTEM
Adopted_Date
7/24/2017
Approved Date
7/26/2017
CMO_Effective_Date
8/25/2017
Signer
Vinis
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7.HealthInsurance <br />Thiscategoryawardspointstocompanieswhooffermorehealthcarecoveragethanisrequiredby <br />law.AsofJanuary2017,businesseswith50ormoreemployeesarerequiredtoofferhealthcare <br />coveragetotheiremployees. <br />Forbusinesseswithfewerthan50employees: <br />2points <br />Offermedicalbenefitsforalleligibleemployees(employerpaysatleast70% <br />ofpremium) <br />Forallbusinesses: <br />3points <br />Offersmedicalbenefitsforfamilies(employerpaysatleast60%ofpremium) <br />8.TrainingandAdvancement <br />Thiscategoryisdesignedtoencouragebusinessestoprovidetrainingandadvancementopportunities <br />totheiremployees.* <br />AnnualtrainingexpendituregreaterthanorequaltotheU.S.average(asa <br />1point <br />percentageoftotalpayroll):Annualtrainingexpenditure3.2% <br />(Benchmarksource:AmericanSocietyforTrainingandDevelopment) <br />Companyhasacomprehensivewrittenpolicyforwageorposition <br />1point <br />advancement. <br />(Shouldincludeitemssuchasjobdescriptions,positionclassifications, <br />regularperformanceevaluations,stepadvancement,progressionpayschedule) <br />1point <br />Companyoffersadiversityorequitytrainingforemployees <br />CompanyhassignedaLetterofSupportfortheNationalCareerReadiness <br />1point <br />CertificatewithLaneWorkforcePartnership <br />*Businesswillbeaskedtoprovideadditionalinformationforpointsclaimed <br />9.InvestmentSize <br />Thiscategoryawardspointstobusinessesthatmadeasignificantlylargeinvestmentwithinthe <br />EnterpriseZone.Thisacknowledgesthatthesebusinesseswillbecontributinglargepropertytax <br />paymentsoncetheinvestmentscomeontothetaxrollsaftertheexemption. <br />Sizeofnewinvestment: <br />Assessedvalueequaltoorgreaterthan$2,500,000=2points <br />4pointsmax <br />OR <br />Assessedvalueequaltoorgreaterthan$5,000,000=4points <br />Step2. <br />JobCapCriteria <br />Thethreeyeartaxexemptionbenefitshallbelimitedtoamaximumof$96,000perjobcreatedor <br />$32,000perjobcreatedperyear,whicheverisless.Taxexemptionbenefitsinexcessofthatamount <br />shallbepaidasapublicbenefitcontribution. <br />Page 5 of 5 <br />{00222853;5} <br />
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