A. The City is committed to the promotion of quality development in all parts of the City and to improving the quality of life for its citizens. In order to help meet these goals, the City will consider providing incentives for the retention and/or expansion of existing businesses located within the City and to encourage the establishment of new targeted businesses within the City. It is the policy of the City that such incentives will be provided in accordance with the procedures and criteria outlined in this chapter. However, nothing in this chapter shall imply or suggest, by implication or otherwise, that the City is under any obligation to provide any incentive to any applicant; and all such decisions and actions shall be at the sole discretion of the City Council. All applicants for economic development incentives will be considered on an individual basis.
B. It is the intent of the City to offer economic development incentives on an individual basis so that the total package of incentives, if any, may be designed specifically for each project which is proposed. This approach will allow the City the flexibility necessary to satisfy the unique needs and concerns of each applicant and the needs and concerns of the City and its citizens. (Ord. 1670, 5-14-2018)
A. The following are the minimum requirements that must be satisfied for any application for economic development incentives to be considered:
1. Any request for incentives shall be initiated prior to beginning construction of the proposed project(s).
2. The proposed project shall create three (3) or more full-time jobs or equivalent for individuals who will be working at the applicant's proposed project located within the City as evidenced by the project's business application and Idaho Department of Labor filings.
3. The applicant's project must provide a capital investment that increases the taxable value of the project property. The capital investment must be in new construction, improvements to an existing facility, or capital improvements. For purposes of this section, "capital investments" or "capital improvements" mean property improvements that either will enhance the property value or will increase the useful life of the property.
B. The City is not required to offer incentives to any person, organization, joint venture, partnership, association or corporation.
C. The City reserves the right to review and change the Incentive Program at any time, except that where an incentive agreement has been duly executed, the incentive agreement shall remain in force. (Ord. 1670, 5-14-2018)
The City offers a variety of incentives and assistance options for qualifying businesses. The specific type of incentive or assistance will depend upon the needs of the business as well as the benefits created by the proposed business. Incentives available for qualifying businesses are:
A. Expedited Permitting Process: The City may expedite the permitting process required for business location or expansion, but State statutory requirements regarding public notice, public hearings and timelines for publication and mailing of required notices cannot be altered or waived.
B. Waiver Of Fees: The City may waive all or part of the following fees associated with the relocation or expansion of businesses: annexation fees; land use application and plan review fees; and building permit fees. (Ord. 1670, 5-14-2018)
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