My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
09-27-10 Council Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2010
>
09-27-10 Council Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/24/2010 8:56:03 AM
Creation date
9/23/2010 2:56:51 PM
Metadata
Fields
Template:
City Council - City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
117
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
provisions of subsection (c) below, may be considered for a Base Phase-In Credit <br />Of f ve (~) years. <br />(b) No Bonus Phase-In Credits. No additional phase-in credits will be allowed for <br />single-family residential construction. <br />(c} Residentially distressed area designation. The grant of a residentially distressed <br />area designation is subject to the following conditions: <br />(1) The deduction will not be allowed unless the dwelling is constructed to <br />meet the local code standards for habitability. <br />(2} If a designation application is filed, the Council may require that the <br />construction be completed within a reasonable period. <br />Sec 2-$1 Real Property Tax Phase-In -Bonus Criteria- Years 1 through 3 -FOR <br />IIVVESTMI±JNT/CONSTRiJCTION/LOCATION <br />In addition to the base tax phase-in earned as a result of achieving their Primary Project <br />impacts, businesses may earn additional real property tax phase-izx credits for each of years one <br />{1}through three (3} by meeting any of the following criteria during the construction phase of the <br />project. <br />(a) Local Contractor Usage <br />Additional phase-in credits maybe earned if the project utilizes local contractors. <br />(1) Local Contractor engagement measure <br />Determined by calculating the percentage of project construction labor <br />dollars for real property improvements expended within the facility <br />footprint via local contractors. <br />(2} Target Criteria <br />The local contractor utilization within the facility footprint <br />(i) Equals or exceeds 80%. 2 years <br />(ii) Equals 100%. 3 years <br />(b) Constre~ctian Wages <br />Additional phase-in credits may be earned if the project meets or exceeds Phase-In <br />Prevailing Wage Standards. <br />12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.