(A) The application shall be on a form prescribed by the city, and an applicant shall provide any additional information reasonably requested to enable the city to evaluate the application. An approved company shall not receive an incentive until the application is approved and the agreement has been properly executed by the Mayor following approval by the City Council.
(B) An Applicant shall submit a completed application, which shall include at least the following information:
(1) A description of the business;
(2) A five-year pro forma, including the number of new jobs to be created, the wages, salaries, bonuses and commissions expected to be paid and the amount of employee withholdings expected to be generated by the new jobs; and
(3) Such financial and non-financial information about the applicant and/or its principals as is required by this deemed necessary by the Mayor for him or her to conclude a recommendation.
(C) Each application and its supporting documentation and information shall be executed under oath by an authorized representative of the applicant or of the applicant’s principal with personal knowledge of the facts and representations made therein. It shall be unlawful for any such person to materially misrepresent any statement or fact in the application or supporting documents or information submitted to the city in the course of applying or seeking the incentive. Upon conviction for violation of same the person shall be fined not more than $10,000 or imprisoned not more than 12 months or both. For purposes of this division it is not an element of the offense for the city to rely on the material misrepresentation.
(D) If an application receives a favorable recommendation from the Mayor, then the application and a copy of the proposed agreement shall be forwarded to the City Council for further consideration. Any agreement and incentive is conditioned upon approval of the City Council.
(Ord. 2013-03-01, passed 3-13-13)