All applications for development incentives shall be submitted to the city. Each application shall, at a minimum, contain the following:
(A) A description of the new business facility, including the nature of the business, a legal description of its boundaries, identity and addresses of all persons or entities with any interest in the facility and whether the facility is locally owned or operated;
(B) The number and type of new jobs to be created and a detailed description of the benefits provided;
(C) With regard to job characteristics, the number of jobs that benefit low and moderate income residents, whether the jobs meet or exceed median wages for the industry within the community, the percentage of jobs filled by current residents versus relocated individuals, whether the wages of all positions created are sufficient to eliminate the need for public assistance, whether the applicant will train new employees to fill the positions, advancement opportunities, and whether the applicant will use “in-plant” or other job training incentive programs;
(D) The present use or condition of the business facility and any new infrastructure needs including possible cost sharing arrangements;
(E) The present assessed value of the business facility property site, if available;
(F) The estimated value of the commercial personal property to be located at the business facility;
(G) A proposed project schedule for the acquisition and installation of the commercial personal property, including the expected date(s) the commercial personal property will be brought into service;
(H) The total dollar amount of the new business facility and financing arrangements;
(I) Information relating to the feasibility of the new business facility including information relating to the ability of the facility to generate revenues to render the facility self- liquidating;
(J) The competition in the type of commerce or industry already existing within the city;
(K) A proposed construction schedule for the new business facility;
(L) Information regarding compliance with city planning and zoning policies and compliance with all federal, state, and local environmental laws, regulations and rules;
(M) The effect on existing industry and commerce in the city including during and after the construction period, including the number of local construction jobs created;
(N) Information about the project design, including conceptual site plans and the impacts on the neighborhood such as area enhancement and positive contribution to the neighborhood;
(O) Information about the applicant’s good corporate citizenship, both in terms of promoting donations and volunteerism, its willingness to commit to make local purchases, water use and water conservation practices, and whether facility emissions and/or waste is controlled and the facility has a satisfactory plan for reduction/disposal;
(P) Resumes showing the experience of the applicant/business facility, and the experience of the architect, contractor and leasing agent, if relevant;
(Q) A statement of plans for project management; and
(R) Such other information as the city may reasonably require after initial review of the application, including but not limited to preliminary legal opinions, further information regarding the relationship of the application to the city’s development objectives, additional proof of financial capability, business references, term sheets for financing and financial commitment letters.
(Ord. 35-2004)