Title
Chief Administrative Office recommending the Board:
1) Adopt Policy J-8 (Special District Impact Fee Offset for Non-Residential Business Development); and
2) Adopt and authorize the Board Chair to sign Resolution 218-2018 providing the Chief Administrative Officer the delegated authority to implement Policy J-8, including the authority to negotiate and approve the allocation of special district impact fee offset incentives up to $20,000 for non-residential business development. (Est. Time: 15 Min.)
FUNDING: Economic Development funding received from Transient Occupancy Tax.
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DISCUSSION / BACKGROUND
As of January 2017, Economic Development staff have responded to 29 Requests for Information (RFI) from potential businesses looking to do business within the County, each of which has inquired about County incentives. The two primary incentives staff offers are expedited permitting, which is coordinated by Economic Development staff, and the deferral of Traffic Impact Fee payment for non-residential projects offered through Policy B-3, which as not been used since its adoption in 1995 due to difficulties securing loans with the necessary deed restriction.
On November 7, 2017 (Legistar File #17-0338), the Board received an update on the implementation of the Economic Development goal of the County's Strategic Plan and directed the Chief Administrative Officer, Auditor-Controller and Assessor to return to the Board with recommendations to implement Policy J-7 (Economic Development Incentives), including providing the Chief Administrative Officer the delegated authority to negotiate incentives under specific criteria. Based on this direction, staff from the Chief Administrative Office, Auditor-Controller and Assessor have met and continue to discuss various incentive policies.
On April 24, 2018 (Legsitar File #18-0655) the Board directed staff to explore options to develop an economic development incentive policy that allows for the County to reimburse ...
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