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Resolution 2168
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Resolution 2168
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Last modified
7/8/2008 7:45:47 AM
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6/19/2008 4:45:19 PM
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<br /> p. I ..- ,~ <br /> A . <br /> . <br /> " I <br /> - . ' <br /> ...."...""t " <br /> .... -2- <br /> .'l. <br /> . <br /> , <br /> \ <br /> .. A significant number of new jObs for the City. 1 <br /> a) . <br /> b) Generation of limited amounts of traffic. Both <br /> . in relation to type of vehicle and number of trips. <br /> c) The direct benefit to the City's citizens. <br /> d) Retention of employment which might otherwise <br /> leave the community. <br /> e) Competition with existing ~etail establishments <br /> will be discouraged except for purposes of <br /> redevelopment. , <br /> f) Special construction and built-ins which will <br /> preclude alternate uses will not be included in the <br /> financing. <br /> g) No tax exempt enterprise shall be considered for <br /> Industrial Development Bond financing. <br /> I <br /> 5. All projects shall exceed five hundred thousand dollars <br /> ($500,000.00) in cost unless waived by resolution of <br /> the Council. <br /> BE IT FURTHER RESOLVED, That: 13t>..Ij <br /> 1. A company seeking Industrial Development^-Financing <br /> shall petition the City for the project on City ! <br /> forms, paying a deposit o~ $2,500. <br /> f <br /> . BE IT FURTHER RESOLVED, That upon acceptance of the petition <br /> the City shall agree to consider this method of financing with <br /> the right to approve or reject any proposed project depending <br /> Ion the information provided in response to the items listed below: <br /> 1. A complete set of audits by a ;certified CPA or approved <br /> I qualified public accounting fiJrm for three (3) previous <br /> I years shall be provided if available for review by the <br /> City's consultants and/or certified personal net worth <br /> statements of the principals. ' <br /> 2. A copy of Dun and Bradstreet's most recent Rating <br /> i. Report shall be provided for review by the City's <br /> consultants. <br /> ~ <br /> .~.: . <br /> ; . <br /> I <br /> I <br /> I <br /> . I <br /> i <br /> I <br /> I <br />
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