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Item 8: PH - Ordinance on West Eugene Enterprise Zone Local Criteria
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Item 8: PH - Ordinance on West Eugene Enterprise Zone Local Criteria
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6/9/2010 12:56:23 PM
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5/4/2006 10:31:09 AM
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5/8/2006
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<br />NOW, THEREFORE, <br /> <br />BE IT RESOL YED BY TIlE CITY COUNCIL OF TilE CITY OF EUGENE, a <br />Municipal Corporation of the State of Oregon, as follows: <br /> <br />Section 1. Based on the above findings, which are hereby adoptcd, the City Council <br />hereby establishes the following Interim Local Benefit Criteria for the proposed Wcst Eugene <br />Enterprisc Zonc: <br /> <br />(a) Qualifying companies shall be required to make a public benefit <br />contribution based on the following criteria: <br /> <br />I. The extent to which the company hires from local training/referral <br />agencies; <br />2. The extent to which the company hires persons with barriers to <br />employment; <br />3. The extent to which the average compensation of new jobs is equal <br />to or grcatcr than the averagc county wage; <br />4. The extent to which the company dedicates funds for non- <br />mandated training and benefits; <br />5. Whether the company is utilizing a previously developed site, <br />including expansion of an existing site, or redevelopment of an industrial or <br />brown field site; <br />6. The extent to which the assessed value of new investment exceeds <br />$500,000 per acre; <br />7. Whether the company is a small and/or local business or small <br />and/or local stan-up company. <br /> <br />(b) Except as provided in subsection (c), in no event shall the amount of the <br />contribution exceed 25% of the tax exemption. <br /> <br />(e) Notwithstanding the provisions of subsections (a) and (b) of this section, <br />the three-year tax exemption benefit shall be limited to a maximum of $96,000 per job <br />created or S32,OOO per job created per year, whichever is less. Tax exemption benelits in <br />excess of that amount shall be paid as a public benefit contribution. A business whose <br />tax exemption benefit is anticipated to exceed the job cap limitation deseribcd in this <br />subsection (c) shall make a public benefit contribution based on the anticipated excess, <br />with a reconciliation of the contribution amount to the extent allowed by law to occur in <br />the third year of the exemption. based on records of actual employment. <br /> <br />(d) During the period these Interim Criteria are in effect, the per-job limit on <br />the three-year tax exemption benefit described in the first sentence of subsection (c) of <br />this section may be waived or modified for a specific applicant if the City Council and <br />the Lane County Board of Commissioners each agree to the waiver or modification. The <br />co-sponsors' decision to waive or not to waive the limit shall be based on consideration <br /> <br />Resolution - 2 <br />
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