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C. Payments under this section shall be commence no earlier <br />than issuance of a certificate of occupancy for the subject location and <br />satisfaction of the requirements of this chapter and of the agreement. <br />D. No interest shall be paid on any amounts shared pursuant to <br />any EAP or BAP agreement. <br />Sec. 3.25.070. - Criteria for approval. <br />Approval of an application for inclusion in the EAP for incentives shall <br />require the affirmative vote of four members of the city council, based upon <br />consideration of the following criteria: <br />A. The applicant's total investment business's Louisville <br />operation; <br />B. The total number of jobs created over the five (year) period <br />immediately following commencement of the aerospace business's <br />operation in Louisville; <br />C. The average annual wage of the aerospace business's <br />employees; <br />D. The quality of the proposed development; <br />E. Whether the proposal represents redevelopment to an area or <br />building in the city; <br />F. Whether the proposal brings a value added result to the city <br />or a development within the city (for example, by moving the company's <br />corporate headquarters to the city); <br />G. The amount of the enhanced assistance as a percentage of <br />new revenue anticipated to be created by the proposal (for example, by <br />relocation the company to the city); <br />H. The conformance of the applicant's property or project with <br />the comprehensive plan and zoning ordinances of the city; and <br />I. Whether a proposed agreement required by section 3.25.080 <br />has been reached, which agreement shall contain and conform to all <br />requirements of said section 3.25.080. <br />Sec. 3.25.080. - Agreement with city; required; contents. <br />Ordinance No. 1857, Series 2023 <br />Page 8 of 11 <br />