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HomeMy WebLinkAboutResolution No. 4845 iRESOLUTION NO. 4845 A RESOLUTION ESTABLISHING INTERIM LOCAL CRITERIA APPLICABLE IN THE PROPOSED WEST EUGENE ENTERPRISE ZONE AND ADOPTING A PUBLIC BENEFIT SCORING SYSTEM. The City Council of the City 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 1, 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. Notification has not been received frorn the State of Oregon regarding the selection of zone designations for this year's application round. The selection is expected to occur prior to July 1, with the zone becoming active as of July 1, 2005. D. The Interim Local Public Benefit Criteria set forth herein consists of the 1997 Public Benefit Criteria, with the public benefit contribution of 15 percent modified to 25 percent, as directed by the Council. The Council also requested that a cap be placed on the tax exemption, and staff has recommended a cap of $30,000 per new full-time job created. E. The Public Benefit Criteria attached as Exhibit A hereto reflects the scoring system adopted by Resolution No. 4548 on December 1, 1997 with the formula 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 criteria. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based on the above findings, which are hereby adopted, the City Council hereby establishes the folio-wing Interim Local Criteria for the proposed West Eugene Enterprise Zone: (a) Qualifying companies shall be required to make a public benefit contribution based on the following criteria: Resolution- 1 1. The extent to which the company hires from local training/referral agencies; 2, The extent to which the company hires persons with barriers to employment; 3. The extent to which the average compensation of new jobs is equal to or greater than the average county wage; 4. The extent to which the company dedicates funds for non- mandated training and benefits; Whether the company is utilizing a previously developed site~ including expansion of an existing site, or redevelopment of an industrial or brownfield site; The extent to which the assessed value of new investment exceeds $500~000 per acre; Whether the company is a small and/or local business or small and/or local start-up company. (b) Except as provided in subsection (c), in no event shall the amount of the contribution exceed 25% of the tax exemption. (c) Notwithstanding the provisions of subsections (a) and (b), the three-year tax exemption benefit shall be limited to a maximum of $30,000 per new full-time job created. Seetion 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 1 of this Resolution, for determining exemptions for future investments made by companies participating in the proposed West Eugene Enterprise Zone. Section 3, This Resolution shall become effective immediately upon adoption by the Council and adoption of a substantially similar resolution by the Lane County Board of County Commissioners. The foregoing Resolution adopted the 27th day of June, 2005, City Recorder Resolution - 2 Exhibit A PUBLIC BENEFIT C TERIA (2005) The average wage for all new jobs is: _> 100% and _< 110% of average county wage > 11{)% and <_ 115% of average county wage > 115% of average county wage Points 25 35 40 >10% - _< 35% of all new jobs > 35% - _< 50% of all new jobs > 50% of all new jobs Points 5 15 25 _> 5% - -< 10% of all new jobs > 10% - _< 20% of all new jobs > 20% of all new jobs Points 5 10 15 >_ 1% - <. 5% of entire company payroll is dedicated to non-mandated training & benefits > 5% - _< 10% of entire company payroll is dedicated to non-mandated training & benefits > 10% of entke company payroll is dedicated to non-mandated training & benefits Points 5 10 15 Resolution 4845 Exhibit A - Page 1 ~< 50 employees at time of precertification Points 10 Expansion at existing site Redevelop preexisting industrial site or brownfield site Points 1 2 Investment > $500~000 per acre Points C~TERIA NOTES: Examples of qualified local training or referral agencies: Lane Workforce Partnership Oregon Emplo2~ent Department Lane Corr~munity College Adult/Family Services Vocational Rehabilitation Private Rehabilitation Agencies Goodwill Industries Catholic Community Services St. Vincent de Paul Salvation Army Resolution 4845 Exhibit A - Page 2 Examples of persons with employment barriers: Low/moderate income Disabled Injured Veteran Welfare recipient Displaced worker Teens/youth Ex-felon Older workers Shomterm jobs history' Displaced homemaker Drug/alcohol abuse history Protected classes (Fem~e head of household, Hispanic, Black, Asian or Pacific Istander, A~merican had/an or Alaskan Native) Qualifying non.government mandated benefits include: health/life/disability insurance~ retirements profit~sharing~ paid vacation/holiday, child care, transportations sick leave, tuition assistance~ career development/training. POints Earned PUblic Benefit ContribUtion % 80+ 0% contribution 0.79 Contribution due = a to Exam~: If point total is 4~0 Examp~le: If point total is 1~0 Resq!ution 4845 Exhibit A - Page 3 DIST~BUT1ON OF PUBLIC BENEFIT CONT~BUTION Public benetit contribution will be paid annually, distributed as follows: - 40% to Lane County; - 4(}% to City of Eugene; - 20% to programs sponsored by educational institutions, including Section 501(c)(3) tax exempt education foundations. In any year in which there is at least $1O,0OO in this category' to distribute, the Enterprise Zone Manager (or Co-Managers) jointly appointed by the Eugene City Council and County Board of Commissioners shall conduct a competitive Request for Proposal process to allocate the available funds. Administrative costs of the distribution process may be taken from the funds available. Resolution 4845 Exhibit A - Page 4