Ordinance 2021-1822 - Laserfiche WebLink

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collections will enable the City to provide expanded and improved municipal services to and for the benefit of the residents of the City, while at the same time providing public or public -related improvements at no cost, or at deferred cost, to the City and its taxpayers and residents. Sec. 3.24.030. Definitions. As used in this chapter and all sections thereof, the following phrases shall have the following meanings: Applicant means the owner(s) of real property upon which a business is operated or proposed, or the operator of a business located or proposed to be located within the City. Enhanced sales tax means the amount of sales tax collected by the City over and above a base amount negotiated by, and agreed upon by, the applicant and the City, and which amount is approved by the City Council, and which base amount shall never be lower than the amount of sales taxes collected by the City at the property in question in the previous 12 months. Fees means the amount of building permit fees, sign permit fees., and construction use taxes collected by the City during the construction permitting process for initial construction of a project participating in the BAP created under this chapter. Operator means the owner or potential owner of a business that is eligible for inclusion in the BAP created by this chapter. Owner means the record owner or potential record owner of real property upon which one or more business is operated. Sec. 3.24.040. Basis for participation. Participation in the B^P sh a1 be based upen-appfeval b3fmajority fthe entire City Council, exercising its legislative discretion in good faith. Any owner or operator of a proposed business, or the owner or operator of an existing business which proposes to expand substantially, may apply to the City for inclusion within the BAP, provided that the proposed new or expanded business is reasonably likely to generate enhanced or increased sales taxes, permit fees and/or construction use taxes within the City in the first year of operation. Application for inclusion in the BAP must be made prior to the proposed opening, acquisition or expansion. Sec. 3.24.050. Approval of agreement; conditions; effect. Approval by the City Council Execution of an agreement by the City and an applicant implementing the BAP shall entitle the successful applicant to share Ordinance No. 1822, Series 2021 Page 2 of 9