(a) Within twenty-one days following receipt of a completed application, the Job Creation Incentive Program Committee shall review the application and determine:
(1) The eligibility of the applicant;
(2) The number of eligible jobs reasonably anticipated to be created by the applicant in connection with the proposed project; and
(3) The aggregate new annual payroll reasonably expected to be generated by the payment of wages, salary and performance-based compensation to individuals employed in eligible jobs created by the project.
(b) If the Committee determines the applicant is ineligible to apply for Job Creation Incentive Program assistance or that the proposal project is not eligible for an award of assistance based on a Committee finding that the number of eligible jobs reasonably anticipated to be created by the project or aggregate new payroll attributable to eligible jobs created by the project is insufficient to establish eligibility under Section 191.04, it shall adopt a Resolution denying the application and stating the reasons for denial.
(c) If the Committee determines the applicant is eligible for Job Creation Incentive Program assistance and the proposed project is eligible for a grant of assistance under the standards of Section 191.04, it shall adopt a Resolution authorizing the Community Improvement Corporation to award a grant of Job Creation Incentive Program assistance. The Resolution shall recite the Committee’s findings with regard to:
(1) The anticipated number of eligible jobs to be created and relied on as justification for the grant of assistance;
(2) The aggregate new payroll expected to be generated by payment of wages, salary and performance-based compensation to individuals in eligible jobs and relied on as justification for the grant of assistance.
(3) The annual amount of Job Creation Incentive Program assistance to be awarded; and,
(4) The number of years the award of Job Creation Incentive Program assistance is to be paid.
(d) In determining the annual amount and duration of the award, the Committee shall consider:
(1) The number of eligible jobs anticipated in relation to the minimum number of eligible jobs required to establish project eligibility under the applicable standard of Section 191.04(a);
(2) The aggregate new payroll anticipated to be generated in relation to the minimum aggregate new payroll required to establish project eligibility under the applicable standard of Section 191.04(b);
(3) The necessity of an award to the commercial viability of the proposed project;
(4) The necessity of an award to attract the proposed project to the City of Defiance;
(5) The number of non-program eligible jobs expected to be created by the applicant as a consequence of the proposed project and probable aggregate new payroll to be generated by those employment positions;
(6) The number of employment opportunities expected to be created by others as a consequence of the proposed project being located in the community; and
(7) The amount of any increase in water or sewer revenues likely to be experienced by the Municipality as a consequence of the proposed project being located in the community.
(Ord. 7000. Passed 11-25-08.)