Resolution No. 4832 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 4832 A P~SOLUTION AUTHORIZING THE CITY MANAGER TO MA~ APPLICATION TO THE STATE OF O~GON FOR DESIGNATION OF A WEST EUGENE ENTE~RISE ZONE. The City Council of the City of Eugene finds that: The City of Eugene and Lane County are jointly sponsoring an application for designation of an enterprise zone. B. The City of Eugene is interested in an enterprise zone to encourage new business investment, job creation, higher incomes for local residents, and greater diversity of economic activity. In accordance with ORS 285C.150, the City of Eugene intends to adopt job quality standards applicable to eligible business firms seeking the enterprise zone tax exemption, with the intent to impose a public benefit contribution of-up to twenty-five percent of the value of the tax exemption from elig/ble business firms based on their conformance with specific job quality standards. Ln addition, no investment within the Enterprise Zone will receive a tax exemption benefit greater than an amount per new job created, to be determined prior to July 1, 2005. C. The proposed enterprise zone, as depicted on the drawn-to scale map attached as Exhibit A, has a total area of 7.67 square miles and meets other statutory limitations on size and configuration. The proposed enterprise zone contains significant land that is designated for industrial use as indicated by the land use map(s) from Comprehensive Plan(s) acknowledged by the Land Conservation and Development Commission, and included in the application, and such industrial sites are accessible, serviced or serviceable, and otherwise ready for use and f~arther development. E. The des/gnafion of an enterprise zone does not grmat or imply permission to develop land w/thin the enterprise zone without comply/ng with prevailing zoning, regulatory and permitting processes and restrictions for applicable jurisdictions; nor does it indicate any intent to modify those processes or restrictions, except possibly as otherwise in accordance with Comprehensive Plans. F. The City of Eugene appreciates the impacts that a designated enterprise zone would have and the property tax exemptions that eligible business firms might receive therein, as governed by ORS 285C.050 to 285C.250. G. All of the municipal corporations and special service districts, other than the sponsoring governments, that receive operating revenue through the levying of ad valorem taxes Resolution