Business Retention and Development Committee Agenda and Packet 2016 05 02

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Business Retention & Development Committee Meeting Minutes April 4, 2016 Page 4 of 6 Council member Lipton said it would go a long way if under the criteria, there was something that required staff to show issuing this BAP is absolutely necessary to keep the business or bring the business. City Manager Fleming said to what extent will the business come if we don't offer the incentive? He would have an issue "certifying" that a business will or will not come as we are not in the board room when those decisions are made. Ultimately, it is a policy decision. The City Manager said it gets back to a tonal message. Commissioner Menaker said it would be helpful if over the next year, DeJong listed the requests for assistance that did not make it to Council. City Manager Fleming said to address it strategically to get the policy direction from Council — ie: we don't give assistance to businesses in a certain location in town. Lipton feels we are not being strategic, Loo disagrees. Her perception is that historic preservation grants are automatic. The idea we don't look at this carefully is not her perception. Randy Caranci said not giving assistance to restaurants in downtown area delayed a project he is working on. It was going to be a large user. It would be nice if you could bring an application to committee to at least have them review it. Historic preservation grants money is earmarked specially to historic preservation. It is a dedicated tax. The NYTimes had an article about Sierra Nevada which mentioned CTC. Commissioner Menaker feels that advertising made the BAP worthwhile. Council member Maloney feels it is a very important program. He is glad to hear from members of BRaD to give a different perspective. Also would like to hear which BAPs did not move forward. Redline in packet is an attempt to get more information from applicants. Does it damage the BAP? Reichenberg said you cannot submit purchase price during purchase. Council member Maloney said he does not know if we can require the information but if applicant provides it, great. Randy Caranci said he does not agree with the redline because he would not disclose this information for his client. He does not want to compete with himself if he has properties in other municipalities. Implementation of Consumer Use Tax Rebate — DeJong explained what qualifies for this rebate. Would like to simplify for businesses and finance department. DeJong discussed the table in the packet. Originally set up as investment based. Council member Maloney said it would be interesting to see the table weighted. 5