Item B: Local Criteria for West Eugene Enterprise Zone

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A TT ACHMENT B RESOLUTION NO. 4851 A RESOLUTION ESTABLISHING INTERIM LOCAL CRlTERIA APPLICABLE IN THE WEST EUGENE ENTERPRISE ZONE AND ADOPTING A PUBLIC BENEFIT SCORING SYSTEM; AND REPEALING RESOLUTION 4845. The City Council of the Cit~. of Eugene finds that: A. On April 20, 2005, the City Council adopted Resolution No. 4832 authorizing the City Manager to make application to the State of Oregon for designation of a West Eugene Enterprise Zone. B. At the time Resolution 4832 was approved, the Council directed the City Manager to bring back to the Council, prior to July I, 2005, a resolution adopting interim local criteria consistent with the Public Benefit Criteria adopted in 1997. It was the understanding that new job quality standards would be adopted as soon as practical following notification of a successful designation application, with the intent that 25 percent of the tax exemption benefit for qualified enterprise zone investments would be subject to the job quality standards. C, On June 27, 2005, the Council approved Resolution 4845, adopting Interim Local Public Benefit Criteria and other provisions pertaining to the West Eugene Enterprise Zone in anticipation of the designation of the Zone. Resolution 4845 provided that it would become effective upon adoption by the Council and adoption of a substantially similar resolution by the Lane County Board of Commissioners. On June 29 and on July 12, 2005, the Board of Commissioners adopted orders, but they were not substantially similar to Resolution 4845. This resolution replaces Resolution 4845. D. On August 2, 2005, the Board amended its July 12, 2005 order revising the interim local criteria. This Resolution is substantially similar to Order #05-8-2-5. E. On June 28, 2005, by Director's Order No. 00-05-130, the Oregon Economic and Community Development Department approved the application and designated the Wcst Eugene Enterprise Zone, effective July 1,2005. F. The Public Benefit Criteria attached as Exhibit A hereto reflects the scoring system adopted by Resolution No. 4548 on December I, 1997 with the fonnula for calculating the public benefit contribution adjusted to reflect the Council's desire to condition 25 percent (formerly 15 percent) of the tax exemption on the public benefit eritcria. G. Support of existing businesses and retention of existing jobs are important elements of the West Eugene Enterprise Zone, and those elements should be discussed during the development of pem1anent standards and public benefit criteria. Resolution - I