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<br />I <br /> <br />I <br /> <br />I <br /> <br />Economic Development Incentives Policy <br />October, 2004 <br /> <br />Page 4 <br /> <br />Evaluation Criteria <br />In addition to the minimum requirements stated above, the following criteria will be considered in <br />determining what level of incentives will be provided to the applicant. Preference will be given to <br />businesses that use local suppliers, contractors and labor force, and require no new public improvements. <br /> <br />a Expansion of the local tax base. <br /> <br />b. Creation of permanent full time employment opportunities The number and types of jobs to be <br />created or retained (full time vs. part time) and whether or not benefits for employees will be <br />provided. <br /> <br />c. Whether high quality architecture and site design including landscaping and public amenities <br />beyond the minimum required by the City Code will be provided. <br /> <br />d Whether City utilities will be used <br /> <br />e The types and cost of public improvements (e g streets, water, wastewater, drainage) and <br />services (e.g, fire, police) which will be required of the City <br /> <br />f The types and value of public improvements which will be made by the applicant. <br /> <br />g The financial capacity of the applicant to undertake and complete the proposed project. <br /> <br />h. Appropriate type of activity (e.g. office, retail, etc.) <br /> <br />I. <br /> <br />The market conditions and growth potential for the business activity. <br /> <br />The method or methods which will be available to recapture property tax revenue lost as a result <br />of entering into a tax abatement agreement with the applicant if the applicant fails to fulfill its <br />responsibilities under the agreement. <br /> <br />k. <br /> <br />The amount of time necessary to complete the project and create the jobs which are to be <br />provided by the applicant. <br /> <br />I. <br /> <br />The extent to which the proposed project carries out the goals and objectives of the City's Master <br />Plan. <br /> <br />m An analysis of the costs of the incentives requested to be provided by the City versus the benefits <br />provided to the City by the Company's expansion or relocation. <br /> <br />n Other incentive programs for which the applicant has applied or is qualified <br /> <br />o Any other factors the City Council finds helpful and relevant to accomplishing the City's economic <br />development objectives <br /> <br />Nothing in this these policies, procedures or the application form shall imply or suggest, or be construed <br />to imply or suggest that the City of San Marcos is under any obligation to provide any incentive to any <br />applicant. All applicants for tax abatement and / or other economic development incentives shall be <br />considered on an individual basis <br /> <br />Description of Incentives <br /> <br />Construction Incentives <br />Facilitation of Permits The City of San Marcos is eager to work with companies locating or expanding in <br />the city and its staff will make every effort to expedite the permitting process and, when possible, meet <br />necessary timelines <br />