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<br />Chapter 3.24 TAX AND FEE BUSINESS ASSISTANCE PROGRAM <br /> <br />Page40fS <br /> <br />meeting, based upon city council consideration of the following criteria: <br /> <br />A. The amount of enhanced sales taxes which are reasonably to be anticipated to be derived <br />by the city--whether by retention of taxes, creation of new taxes, or a combination thereof-- <br />through the expanded or new retail sales tax generating business; <br /> <br />B. The public benefits which are provided by the applicant through public works, public or <br />public-related improvements, additional and/or retained jobs and employment opportunities for <br />city residents and others, etc.; <br /> <br />C. The quality of the proposed development; <br /> <br />D. Whether the proposal utilizes an existing building(s); <br /> <br />E. Whether the proposal complements existing Louisville businesses (i.e. a buyer or supplier <br />that serves an existing business in the city); <br /> <br />F. Whether the proposal represents redevelopment to an area or building in the city; <br /> <br />G. Whether the proposal represents job diversity in industry sectors and is part of a growing <br />industry; <br /> <br />H. The proposal's contribution to the diversity of retail or to the diversity of jobs or employment <br />opportunities within the city; <br /> <br />I. Whether the proposal brings a value added result to the city or a development within the city <br />(for example, by moving the company's corporate headquarters to the city); <br /> <br />J. The amount of the business assistance as a percentage of new revenue anticipated to be <br />created by the proposal (for example, by relocation the company to Louisville); <br /> <br />K. The amount of expenditures which may be deferred by the city based upon publiC or public- <br />related improvements to be completed by the applicant; <br /> <br />L. The conformance of the applicant's property or project with the comprehensive plan and <br />zoning ordinances of the city; and <br /> <br />M. Whether a proposed agreement required by section 3.24.100 has been reached, which <br />agreement shall contain and conform to all requirements of said section 3,24.100. <br /> <br />(Ord. No. 1507-2007, S 1,1-16-2007) <br /> <br />Sec. 3.24.100. Agreement with city; required; contents. <br /> <br />Each application for approval submitted to the city council shall be subject to approval by the <br />city council solely on its own merits. Approval of an application shall require that an agreement be <br />executed by the applicant and the city, which agreement shall, at a minimum, contain: <br /> <br />A. A list of those public or public-related improvements which justify the application's approval, <br />and the amount which shall be spent on such improvements; <br /> <br />B. The maximum amount of enhanced sales taxes or fees to be shared, the timing of payment <br />of any such shared taxes or fees, and the maximum time during which the agreement shall <br />continue, it being expressly understood that any such agreement shall expire and be of no <br />further force and effect upon the occurrence of the earlier to be reached of the maximum time of <br />the agreement (whether or not the maximum amount to be shared has been reached) or the <br />maximum amount to be shared (whether or not the maximum time set forth has expired); <br /> <br />C. A statement that the agreement is a personal agreement which does not run with the land; <br /> <br />D. A statement that the agreement shall never constitute a multi-year fiscal obligation, debt or <br />other obligation of the city within the meaning of any constitutional or statutory provision; <br /> <br />hllp://library2.rnllnicode.com/default-tcst/Doc Vicw/ Ill149/ I /46'?hi litc=bllsiness assistance; <br /> <br />2/22/2010 <br />