(a) Before granting an economic development subsidy, the County shall provide public notice and a hearing regarding the economic development subsidy. A public hearing and notice under this Subdivision is not required if a hearing and notice regarding the economic development subsidy is otherwise required by law, or for assistance to be given for the purpose of providing housing affordable to persons and families of low or moderate income, as defined in § 50093 of the Health and Safety Code.
(b) Concurrent with the approval of an agreement for an economic development subsidy pursuant to this Division, the Board of Supervisors must make a finding, after a public hearing, that the assistance is necessary for the economic feasibility of the development and that the assistance cannot be obtained on economically feasible terms in the private market.
(Ord. 4316, passed - -2017)