Res 2004-038 - Laserfiche WebLink

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Economic Development Incentives Policy Page 4 Revision 2004 Evaluation Criteria In addition to the minimum requirements stated above, the following criteria will be considered in determining what level of incentives will be provided to the applicant. Preference will be given to businesses that use local suppliers, contractors and labor force, and require no new public improvements. a. Expansion of the local tax basel b. Creation of permanent full time employment opportunities. c. The types and cost of public improvements (e.g. streets, water, sewer, drainage) and services (e.g. fire, police) which will be required of the City. d. The types and value of public improvements which will be made by the applicant. e. Appropriate type of activity (e.g. office, retail, etc.). The method or methods which will be available to recapture property tax revenue lost as a result of entering into a tax abatement agreement with the applicant if the applicant fails to fulfill its responsibilities under the agreement. g. The amount of time necessary to complete the project and create the jobs which are to be provided by the applicant. h. The extent to which the proposed project carries out the goals and objectives of the City's Master Plan. i. An analysis of the costs of the incentives requested to be provided by the City versus the benefits provided to the City by the Company's expansion or relocation. Nothing in this policy shall imply or suggest, or be construed to imply or suggest, that the City of San Marcos is under any obligation to provide any incentive to any applicant. All applicants for tax abatement and / or other economic development incentives shall be considered on an individual basis. Description of Incentives Construction Incentives Facilitation of Permits: The City of San Marcos is eager to work with companies locating or expanding in the city and its staff will make every effort to expedite the permitting process and, when possible, meet necessary timelines. Fee Waivers: The City is willing to consider the reduction or elimination of fees including impact fees, building permit fees, inspection and contractor's fees, site development permit fees and processing fees for subdivision, zoning and land use applications. Utility Infrastructure: a. Standard utility incentive: The municipally-owned power, water, and wastewater departments have adopted rate policies that permit reduced rates for customer rate classifications or categories based upon usage. Agreements may be available to reduce utility rates based upon adopted usage categories.