(A) The City may encourage economic development and authorize the rebate of certain fees, except development fees enacted pursuant to the authority of A.R.S. § 9-463.05, taxes, or provide construction of off-site public improvements including, but not limited to, the following:
(1) Any or all fees required to be paid in connection with the construction or expansion of a commercial or industrial project, including, but not limited to, plan checking fees, inspection fees, and sewer connection fees;
(2) General funds to pay the costs of construction of off-site public improvements which the City determines are required to be constructed in connection with an industrial or commercial project;
(3) All or a portion of the sales tax revenues levied, generated, and received by the City as a result of the construction of a new industrial or commercial project or the expansion of an existing industrial or commercial project, unless such sales tax revenues are subject to a prior senior pledge; and
(4) All or a portion of the property tax revenues levied, generated, and received by the City as a result of the construction of a new industrial or commercial project or the expansion of an existing industrial or commercial project, unless such tax revenues are subject to a prior senior pledge.
(B) Commercial projects which are eligible for the incentives or enhancement established in this section do not include retail projects.
(Prior Code, § 23-2)