Title 3 REVENUE AND FINANCE
Chapter 3.28 ECONOMIC DEVELOPMENT PLAN
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).
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