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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 accordingly, <br />and where existing public infrastructure investments have already occurred. <br /> <br />Fair, Stable, and Adequate Financial Resources - The long-term property tax revenues that result 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 />The council has several options: <br />1. Approve the attached resolution that is consistent with the August 2, 2005, Lane County Board <br /> Order. <br />2. Don't approve the attached resolution. The City Manager will proceed with City Council direction <br /> to terminate the West Eugene Enterprise Zone, and rescind direction to work towards a future zone <br /> designation. <br />3. Other. <br /> <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends that the council adopt the resolution consistent with the August 2, 2005, <br />Board Order approved by the Lane County Board of Commissioners, and begin working immediately <br />with Lane County towards the establishment of permanent local criteria. <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 4851 establishing interim local criteria applicable in the West Eugene <br />Enterprise Zone and adopting a public benefit scoring system: and repealing Resolution 4845. <br /> <br />ATTACHMENTS <br />A. August 2, 2005, County Board Order <br />B. Tax Exemption Examples <br />C. Resolution <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Denny Braud <br />Telephone: 682-5536 <br />Staff E-Mail: denny.braud~ci, eugene, or.us <br /> <br /> L:\CMO\2005 Council Agendas\M050808\S0508083.doc <br /> <br /> <br />