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10-11-10 Council Agenda & Packet
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10-11-10 Council Agenda & Packet
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City Council - City Clerk
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(1) Target Criteria <br />(i) 80% of the construction wages expended within the facility <br />footprint equals or exceeds the Phase -In Prevailing Wages in <br />existence at the time of the filing of the phase -in petition. 2 years <br />(ii) 100% of the construction wages expended within the facility <br />footprint equals or exceeds the Phase -In Prevailing Wages in <br />existence at the time of the filing of the phase -in petition. 3 years <br />(iii) 100% of the construction wages expended on the entire <br />construction site equals or exceeds the Phase -In Prevailing Wages <br />in existence at the time of the filing of the phase -in petition. 4 <br />years <br />(c) Training Support <br />Support for formal industry training programs. 80% or more of the project <br />construction labor dollars for real property improvements expended within the <br />facility footprint are via contractors that are registered with the Federal Bureau of <br />Apprenticeship Training. 1 year <br />(d) Special Site /Location <br />The project is located within a specific geographic area targeted by the City for <br />special property tax phase -in credits. <br />(1) 'These special geographic areas include: <br />(i) Central Business District (CBD) <br />(ii) East Bank Development Area (EBDA) <br />(iii) South Side Development Area (SSDA) <br />(iv) Urban Enterprise Zone (UEZ) <br />Additional Credit Available: <br />2 years <br />(e) Documentation <br />Any real property owner that intends to claim credit for any bonus years <br />associated with the construction related criteria outlined in this schedule is <br />responsible for the collection of all documentation needed to support the specific <br />credit claimed <br />Sec 2 -82 Bonus Criteria — Years 4 through 10 - OPERATING AND COMMUNITY SUPPORT <br />(a) In addition to the base tax phase -in earned as a result of achieving their Primary <br />Project Impacts, businesses may earn additional real property tax phase -in credits <br />during years four (4) through ten (10) by meeting any of the following criteria. <br />14 <br />
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