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File #: 18-0655    Version: 1
Type: Agenda Item Status: Approved
File created: 4/13/2018 In control: Board of Supervisors
On agenda: 4/24/2018 Final action: 4/24/2018
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.
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.
Body
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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