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g. Whether the company is a small and/or local business or small and/or local start- <br /> up company. <br /> <br /> 2. In no event shall the amount of the contribution exceed 25% of the tax exemption. <br /> <br /> 3. NO~i~hs~anding~heP~°isi°ns°fse~i°ns ~ and2ab°ve ~he~hreeyea~ee~P~i°n <br /> <br />~e~ai~e~ Tax exemption benefits in excess of that amount shall be paid as a public benefit <br />contribution. A business whose tax exemption benefit is anticipated to exceed the job cap limitation <br />described in Section 3 shall make a public benefit contribution based on the anticipated excess, with a <br />reconciliation of the contribution amount to occur in the third year of the exemption, based on records of <br />actual employment. <br /> <br /> lng ~e e~i© ~esel.~ei~ i~e~iaarei, e~ ~e er_jOb i~iXen~e reeyea <br /> <br />spe~i~i~ a PPli~an~i~ ~e ~ity n~il an h e Ba n e~e ~n~y Beard e ~e ~ ~issien e rsea~ag~ee~ e <br />~aie i fiCtion ~e ce sponsors ~e~isie~ ~ai~e ~ai~e ~he li~i~ s~all be base~ <br /> <br /> e n~ib~iOn pai~by e~he~ ~e~ parties in~h e wes~ E~ q e ~e E ~te~P ise zone <br /> <br /> ORDERED that the Board of Commissioners adopts the Public Benefit Criteria Scoring <br />System contained in Exhibit A attached hereto and incorporated herein, to implement the Interim Local <br />Criteria set forth above, for determining exemptions for future investments made by companies <br />participating in the proposed West Eugene Enterprise Zone, and it is further <br /> <br /> ORDERED that during August 2005, Lane County and the City of Eugene will begin a <br />process to develop and adopt permanent standards and public benefit criteria for the West Eugene <br />Enterprise Zone. The process will begin with convening a joint City/County committee composed of <br />two elected officials from each governing body and a total of four community representatives, two of <br />whom shall be appointed by each governing body. The committee will meet from August, 2005 through <br />January, 2006, as needed, to develop a proposal for permanent standards and public benefit criteria, <br />and it will provide opportunities for stakeholder participation and community involvement, including <br />public hearings. <br /> <br /> ORDERED that this Order shall become effective immediately upon adoption by the Board and <br />adoption of a substantially similar resolution by the Eugene City Council. <br /> <br />DATED this 12th day of July, 2005. <br /> <br /> Chair, Lane County Board of <br /> Commissioners <br /> <br /> L:\CMO\2005 Council Agendas\M050718\S0507184.doc <br /> <br /> <br />