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C. Enhanced assistance may be used by an aerospace business <br />only for the following items: <br />1. Physical, chemical, or mechanical components for <br />integration into a specific product to be used in space flight; <br />2. Equipment used to manufacture specific products or <br />components of specific products to be used in space flight; and <br />3. Software used in connection with the business's space <br />flight operations, and associated software maintenance agreements. <br />D. Enhanced assistance may be provided to aerospace <br />businesses meeting the above -listed criteria in lieu of or in addition to the <br />fee assistance authorized under chapter 3.24. <br />E. Aerospace businesses not meeting the above -listed criteria <br />are not eligible for enhanced assistance, but may apply for BAP assistance <br />pursuant to chapter 3.24. <br />Sec. 3.25.050.- Approval of agreement; conditions; effect. <br />Execution of an agreement by the city and an applicant implementing <br />the EAP shall entitle the applicant to enhanced assistance in an amount not <br />to exceed the amount specified in the agreement required by section <br />3.25.080; provided, however, that the applicant may use said amounts only <br />for those items specified in section 3.24.O4O(C). The time period for <br />enhanced assistance shall not commence until all public or public -related <br />improvements are completed and meet city standards and until the <br />aerospace business has commenced its operations within the city, and shall <br />be limited to a specified time set forth in the agreement, which shall not <br />exceed ten years, or until a specified maximum amount is reached. <br />Sec. 3.25.060. - EAP payments. <br />A. Enhanced assistance payments shall be made no less than <br />annually and no more than quarterly, as the city and applicant shall agree. <br />B. Aerospace businesses utilizing fee assistance pursuant to <br />chapter 3.24, which may be authorized in addition to the enhanced <br />assistance established under this chapter, shall receive such fee rebate <br />payments in either incremental payments or a lump -sum payment as <br />provided in the agreement approved by the city council. <br />Ordinance No. 1857, Series 2023 <br />Page 7 of 11 <br />