Item 3: Res./Interim Job Stds. - Laserfiche WebLink

Home Browse Search

EUGENE CITY COUNCIL AGENDA ITEM SUMMARY Action: Adoption of Resolution 4845 Establishing Interim Local Criteria Applicable in the Proposed West Eugene Enterprise Zone and Adopting a Public Benefit Scoring System Meeting Date: June 27, 2005 Agenda Item Number: 3 Department: Planning and Development Staff Contact: Denny Braud www. cl. eugene, or. us Contact Telephone Number: 682-5536 ISSUE STATEMENT Consistent with the action taken at the June 20, 2005, work session, the council is being asked to approve a resolution establishing interim local criteria that would apply to tax exemptions granted in the proposed West Eugene Enterprise Zone. Permanent local criteria would be adopted as soon as practical following a public involvement process. BACKGROUND On April 20, 2005, the council took the following actions: 1. Approved a resolution authorizing the City Manager to make application to the State of Oregon for designation of a West Eugene Enterprise Zone. 2. Supported a provision that no investment within the proposed West Eugene Enterprise Zone will receive a tax exemption greater than an amount per new job created, with numbers to be determined prior to the zone's implementation. 3. Directed the City Manager, in the event that Eugene's enterprise zone application is approved by the State of Oregon this year, to bring back a resolution prior to July 1, 2005, for adoption of interim local criteria consistent with the Public Benefit Criteria adopted in 1997, with the understanding that new job quality standards would be adopted as soon as practical following notification of a successful designation application, in accordance with a public involvement process approved by the council, with the intent that 25 percent of the tax exemption benefit for qualified enterprise zone investments would be subject to the job quality standards. The State of Oregon has not yet provided notification regarding selection of zone designations for this year's application round. Selection is expected to occur prior to July 1, with the zone becoming active as of July 1, 2005. The proposed resolution is consistent with the council direction provided on April 20, 2005. The 1997 "Public Benefit Criteria" is being proposed as the interim criteria. The formula for calculating the L:\CMO\2005 Council Agendas\M050627\S0506273.doc