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<br />greater would receive 100% of the tax exemption benefit. Those scoring fewer than 25 points would be <br />required to make a public benefit contribution. The committee recommended that funds collected as <br />public benefit contributions be disbursed directly to the City (20%), County (20%), and educational <br />institutions (60%). The designated educational institutions would include Eugene 4J School District, <br />Bethel School District, Lane Community College, and Lane Education Service District, with funds <br />distributed proportional to the then-current permanent property tax rate for each education institution, <br />and prorated between 4J and Bethel school districts based on enrollment. <br /> <br />RELATED CITY POLICIES <br />The enterprise zone tax exemption addresses the following related City policies: <br /> <br />Eugene City Council Vision and Goals Statement: Encourage a strong and vibrant economy, fully utilizing <br />our educational and cultural assets. We will ensure that every person can achieve financial security, enjoy <br />the fruits of their labor, and operate within a sustainable economic structure where business thrives. <br /> <br />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 Council's goal for <br />financial resources adequate to maintain and deliver municipal services. <br /> <br />COUNCIL OPTIONS <br />1. Approve the resolution in support of the Enterprise Zone Committee's recommendation. <br />2. Amend the resolution. <br /> <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends that the council adopt Resolution 4865 in support of the Enterprise Zone <br />Committee's recommendation. <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 4865 establishing local criteria applicable in the West Eugene Enterprise <br />Zone and adopting a Public Benefit Scoring System; and repealing Resolution 4851. <br /> <br />ATTACHMENTS <br />A. Proposed Resolution <br />B. Resolution 4851 Establishing Interim Local Criteria (2005) <br />C. Enterprise Zone Committee's Guiding Principles for Local Standards <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 />LICMOl2006 Council Agendas1M0604101S060410B.doc <br />