3.28.110 Minimum benefit required from a qualifying entity.

The city may require any one or combination of two or more of the following criteria as a minimum benefit from a qualifying entity in order to provide economic development assistance:
A. Number and type of jobs created;
B. Proposed payroll;
C. Repayment of loans, if any;
D. Purchase by the qualifying basic business of city-provided land, buildings or infrastructure;
E. Public-to-private investment ratio. The amount of private dollars invested in a project must be at least twice the amount of public dollars invested in the economic development project;
F. Direct local tax base expansion.
(Ord. 1498-96 § 11, 1996).