The City Council may approve the economic development assistance program if it finds as follows:
A. The project will meet the conditions of Section 3.32.060 by (i) alleviating persist conditions of blight including removing oil field equipment or facilities, re-abandon of abandoned wells and remediating contaminated soils; or (ii) meet the minimum thresholds for job creation; or (iii) meet the minimum thresholds for positive fiscal impact on city; or (iv) if no one of these conditions is fully met, but in combination, the overall objectives are met.
B. The project will produce unique public or private facilities not otherwise existing in the community and which would be significant to the community character and quality of life.
C. The project has received all other discretionary entitlements required under the zoning ordinance, including any environmental review required by the California Environmental Quality Act.
D. The project will not have an adverse effect on surrounding properties or the permitted uses thereof.
E. The economic development agreement contains provisions to assure the continued operation of the project consistent with this chapter and providing for the enforcement of the covenants contained therein by city.
(Ord. 2012-04-1446 § 2, 2012)