Item 8: PH - Ordinance on West Eugene Enterprise Zone Local Criteria

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of the applicant's proposed capital investment in the West Eugene Enterprise 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 attracting new businesses to the community; the co-sponsors' budget circumstances at the time of the application and the effect of reducing the public bcnefit contribution on the co-sponsors' ability to provide public services to their citi:t:ens; and the co-sponsors' judgment as to the reasonableness of the public benefit contribution in light of the foregoing factors and in comparison to the public bcnefit 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 attached hereto and incorporated herein, to implement the Interim Local Criteria set forth in Section I 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 City.of Eugene and Lane County will undertake a process to develop and adopt permanent standards and public benefit criteria for the West Eugene Enterprise Zone. The process will begin with convening a joint City/County committee composed of two elected officials from each governing body and a total of four community representatives, two of whom shall be appointed by each governing body. The committee will meet through January, 2006, as necdt.'(], to develop a proposal for pemlanent standards and public benefit criteria, and it will provide opportunities for stakeholder participation and community involvement, including public hearings. Section 4. Resolution 4845 is repealed. Section 5. This Resolution shall become effective immediately upon its adoption. The rore~oing Resolution adopted the 8th day of August, 2005. Jh,o~~\ ,^- It)' ecorder Resolution - 3