Laserfiche WebLink
"Subzone" means the parcel or parcels of land within the Region V Zone in the City which the <br /> Commissioner of DEED has now, or at any time in the future shall, designate to receive certain <br /> tax credits and exemptions specified under the JOBZ Act. <br /> "Zone" means a Job Opportunity Building Zone or an Agricultural Processing Facility Zone <br /> designated by the Commissioner of DEED under the JOBZ Act. <br /> II.BUSINESS SUBSIDY REQUIREMENTS <br /> The requirements for a Business Subsidy herein described apply to any Business Subsidy, including any <br /> JOBZ Business Subsidy. If the Acts are amended to modify any of these requirements, then the <br /> requirement or requirements set forth in the Acts shall replace the requirement or requirements set forth in <br /> this Section and be incorporated herein without amendment to this Policy or any type of action of the <br /> City. <br /> A. Business Subsidy Implementation. A Business Subsidy Recipient, including a Qualified <br /> Businesses receiving a JOBZ Business Subsidy,must: <br /> 1. Comply with the City's comprehensive plan and any other approved plans created by the City <br /> to guide development, <br /> 2. Enter into a Business Subsidy Agreement with the City that complies with the Business <br /> Subsidy Act and the requirements set forth herein, <br /> 3. Agree to comply with annual reporting as required by the Business Subsidy Act and the JOBZ <br /> Act, <br /> 4. Meet a public purpose as described in Section II B. below and either achieve job and wage <br /> ■'" goals as described in Section II. C below or meet the goals described in Section II D.below, <br /> 5. Meet all of the additional policies set forth in Section II. D below, including holding a public <br /> hearing if required and complying with payback provisions. <br /> B. Public Purpose. Every Business Subsidy, including a Qualified Business receiving a JOBZ <br /> Business Subsidy, must meet a public purpose as follows, which may include but must not be <br /> limited to increasing the tax base: <br /> 1. Increase the tax base, <br /> 2. Create high quality jobs, <br /> 3. Retain high quality jobs, <br /> 4. Prevent or eliminate blight, <br /> 5. Revitalize the neighborhood and community, <br /> 6. Foster economic and commercial diversity, <br /> 7. Stabilize the community, <br /> 8. Provide basic goods and services, <br /> 9. Remediate pollution, <br /> 10. Promote the retention or reuse of historically significant property, <br /> 11. Fully utilize existing or planned infrastructure improvements, <br /> 12. Assist in the development of public improvements or facilities, and <br /> 4 <br />