Item B: Local Criteria for West Eugene Enterprise Zone

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of the applicant's proposed capital investment in the West Eugene Elllerprise Zone; the anticipated employment resulting from the applicant's investment; the applicant's commitment to make other beneficial community investments; local economic conditions at the time of the application, including but not limited to the unemployment rate, market trends, and competition for altracting new businesses to the community; the co-sponsors' budget circumstances at the time of the application and the eITect of reducing the public benefit contribution on the co-sponsors' ability to provide public services to their citizens; and lhe co-sponsors' judgment as to the reasonableness of the public benefit contribution in light of the foregoing factors and in comparison to the public benefit contribution paid by other companies in the West Eugene Enterprise Zone. Section 2. The City Council adopts the Public Benefit Criteria Scoring System contained in Exhibit A altached hereto and incorporaled herein, to implement the Interim Local Criteria set forth in Section 1 of this Resolution, for detemlining exemptions for future investments made by companies participating in the proposed West Eugene Enterprise Zone. Section 3. Beginning in August, 2005, the Cily of Eugene and Lane County will undertake a process to develop and adopt pennanent standards and public benefit criteria for the Wesl Eugene Enterprise Zone. The process will begin with convening a joint CitylCounty commiltee composed of two elected officials from each governing body and a total of fOllr community represelllatives, two of whom shall be appointed by each govcrning body. The committee will meet through January, 2006, as needed, to develop a proposal for pemlanent standards and public benefit criteria, and il will provide opportunities for stakeholder participation and community involvemelll, including public hearings. Section 4. Resolution 4845 is repealed. Section 5. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted the 8th day of August, 2005. -Jill, [{ ~\ t.^'-. . t ity ecordcr Resolution - 3