(A) A qualifying business seeking one or more economic development incentives from the city may submit to the City Clerk the following:
(1) Description of the project;
(2) Name, address, and telephone number of authorized representative;
(3) The number of new jobs to be created;
(4) The wages, salaries, bonuses, and commissions expected to be paid and the amount of city employee withholdings expected to be generated by the project;
(5) Description of entity’s management capabilities;
(6) Marketing strategies; and
(7) Such other financial and non-financial information about the entity deemed necessary by the city.
(B) Each submission shall be executed under oath by an authorized representative of the qualifying business.
(C) The City Clerk shall transmit each application meeting the requirements set forth above to the Mayor for consideration.
(D) A qualifying business may make a presentation to the Mayor and City Council in further support of its application.
(E) After the Mayor’s review of the submission, he or she shall either reject the submission or approve the specific economic development incentive(s) to be provided in writing.
(Ord. 220.29, passed 3-11-2021)