Title
Chief Administrative Officer recommending the Board explore options to develop an economic development incentive policy that allows for the County to loan or reimburse non-residential developers for the cost of impact fees established on behalf of special districts (e.g, Fire Districts, Community Services Districts, and Parks & Recreation Districts) related to non-residential development, such as retail/commercial, office, research and development, industrial, agriculture or warehouse/distribution development, and direct staff to return to the Board within 90 days with a draft policy for consideration. (Est. Time: 15 Min.)
FUNDING: Economic Development funding received from Transient Occupancy Tax revenue.
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DEPARTMENT RECOMMENDATION
Chief Administrative Officer recommending the Board explore options to develop an economic development incentive policy that allows for the County to loan or reimburse non-residential developers for the cost of impact fees established on behalf of special districts (e.g, Fire Districts, Community Services Districts, and Parks & Recreation Districts) related to non-residential development, such as retail/commercial, office, research and development, industrial, agriculture or warehouse/distribution development, and direct staff to return to the Board within 90 days with a draft policy for consideration.
DISCUSSION / BACKGROUND
On November 7, 2017, 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.
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