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2013-130 Economic Development Incentives & Programs ORDINANCE NO. 2013-130 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MENIFEE ADDING A NEW TITLE 16 TO THE MENIFEE MUNICIPAL CODE ENACTING A COMPREHENSIVE SET OF ECONOMIC DEVELOPMENT INCENTIVES AND PROGRAMS TO PROMOTE THE ECONOMIC DEVELOPMENT OF MENIFEE TO PROMOTE THE HEALTH, SAFETY AND GENERAL WELFARE OF THE CITY OF MENIFEE WHEREAS, the City of Menifee ("City") was incorporated on October 1, 2008, as a general law city and encompasses an area of approximately 50 square miles with a population of approximately 82,000; and WHEREAS, as a general law city, the City has broad police powers to promote the health safety and general welfare of the City of Menifee; and WHEREAS, historically economic development has been the focus of municipal and county redevelopment agencies; and WHEREAS, the California State Legislature adopted ABx126 which dissolved all redevelopment agencies statewide on February 1, 2012 so that no redevelopment activities may be initiated by the City under current law; and WHEREAS, as with all California cities, economic development is critical to the maintenance of the quality of life enjoyed by the residents of Menifee; and WHEREAS, the City has experienced slower than anticipated economic development and growth in recent years due to difficult economic times statewide and nationally; and WHEREAS, national unemployment rates are improving slowly, in California and its sub regions job recovery is still a major problem. The January 2013 unemployment rate in California was 9.7%, while the national unemployment rate was 7.8%, and the unemployment rate in Riverside County was 11.1%. Job retention and creation programs should be a major goal of any local economic development program and certainly an emphasis for newly incorporated communities that have challenging conditions like Menifee; and WHEREAS, without economic development, under current economic circumstances, the economic health and general welfare of Menifee and its residents will deteriorate. Therefore, the City desires to implement additional economic development incentive programs to encourage private investment and job creation for local residents. The programs will establish temporary incentives for businesses considering relocating or expanding in Menifee on a case by case 1 basis. The types of businesses that qualify will include significant sales tax producers, large employers, large property tax generators, and large transient occupancy tax generators. The level of incentive will be predicated on the size of the investment or improvement being made and the related benefits to the City. Staff will make recommendations to City Council on the recipients of the program and the proposed incentive associated with the individual request. The City Council will ultimately consider the request. As outlined in the staff report to this Ordinance, the City currently has several incentive programs for new and existing business, the proposed program will supplement the existing programs; and NOW, THEREFORE, BE IT RESOLVED, THE CITY COUNCIL OF THE CITY OF MENIFEE CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1: CODE AMENDED. The Menifee Municipal Code is hereby amended by adding a new Title 16 entitled "Economic Development" to read in its entirety as follows: "TITLE 16: ECONOMIC DEVELOPMENT Chapter 1 16.01 Economic Incentive Programs 16.02 The Application Process 16.03 The Approval Process CHAPTER 16.01: ECONOMIC INCENTIVE PROGRAMS Sections 16.01.010 Purpose 16.01.020 Incentives Available 16.01.030 Economic Incentive Programs 16.01.040 Powers Exercised § 16.01.010 Purpose. In the face of the State's decision to eliminate redevelopment, the City of Menifee must design and implement a local program within the authority of its powers under the State law to accomplish the purposes previously served by redevelopment programs. It is therefore the purpose of this Chapter to implement a program, within the authority of the City under the powers granted to the City by law, that will provide economic incentives to businesses and property owners to encourage commercial and industrial development on vacant land that is currently zoned for such uses in order to create an 2 inventory of commercial and industrial site. It is also the purpose of this ordinance to encourage retention and expansion of businesses in the city that are already established, as well as to encourage other as yet unrecognized opportunities for economic development as they arise. § 16.01.020 Incentives Available. To accomplish the purposes provided herein, the City of Menifee and its associated and subordinated entities shall have the power to carry out policies, plans and programs, to enact measures, to enter into agreements, and to loan, grant, fund, or finance projects which will provide public benefit and protect the public health, safety and welfare of the community. These programs may be carried out singly or in combination in a manner to promote the objectives of this Chapter, and may include the following general types of measures: A. Public-Private Partnerships. Agreements with private persons or entities where by the sharing of public resources by the public agency, the reduction of regulatory burdens, asset monetization, fee producing infrastructure, alternative procurement, concession agreements, leasing arrangements, securitization of obligations, or other measures, the risks to the private person or entity can be reduced to a level whereby the development entity and investors can earn a commercially reasonable return on investment and will accordingly proceed with the project; B. Emerging Statutory Opportunities. Special legislative programs exist, and are likely to be enhanced as a result of the elimination of redevelopment, the State's most important and best funded economic development strategy. Under this Chapter, such programs should be exploited to the fullest extent of the law. Such programs may include Design Build Contracts; Tax Credits; Infrastructure Finance Districts; Environmental Sustainability Programs; Enterprise Development Zones; Foreign Trade Zones; and similar legislation. Any legal structure existing currently, or enacted hereafter which permits the City legally to carry out these purposes is permitted hereunder; C. Public Financing. All public financing mechanisms which offer the opportunity of lower financing costs, if permitted by law, may be utilized including lease-revenue bonds, revenue bonds relating to the EB-5 Program, industrial development bonds, private activity bonds, certificates of participation, letter of credit enhancement and similar measures; D. Special Districts. The financing of both the development of infrastructure and services through community service districts, landscape and lighting districts, assessment districts, school facility 3 improvement bonds, and similar special district financing mechanisms permitted by law; E. Public Property. The use of ground leases or sale of publicly owned land, including at less than fair market value as provided herein, contractual development agreements in accordance with law, lease-lease back financing, and design-build contracts to acquire property for the foregoing purposes; F. Tax Rebate Agreements. The use of tax rebate or similar agreements permitted by law including for sales taxes, transient occupancy taxes, utility taxes or other taxes shared with the generator, and rebates or waivers of franchise fees, business license fees, development impact fees, or other revenue sources but any such tax may only be imposed in accordance with law; G. Regulatory Relief. The modification or suspension of zoning and other land use restrictions affecting the feasibility of development, density bonuses, expedited processing of entitlements, the establishment of clear and consistent regulatory regimes, creating procedures to quickly resolve disputes, clear definition of scope of environmental review and use of scoping processes; H. Other Agencies. Use of financial assistance provided by other local public agencies and by State and Federal programs to assist projects, consistent with the requirements of such programs; and I. Other Programs. In addition to the foregoing, the City may utilize any other program and provide any other form of direct or indirect assistance as the same may currently or in the future exist which would further permit the accomplishment of the purposes provided herein, to the full extent permitted by the law. The enumeration of certain programs herein does not preclude the use of any other program which might accomplish the purposes of this Chapter. § 16.01.030 Economic Development Incentive Programs. The City may plan and carry out an Economic Development Incentive Program for the improvement, rehabilitation, and economic development of property through public-private partnerships, or utilizing any other method provided in Section 116.01.020. Any Economic Development Incentive Program must identify, explain and analyze A. The project to be assisted, B. The location of the project 4 C. The cost of the project D. The proposed project financing E. The assistance requested F. How the assistance will be used G. The benefits to the community or City from the project, including jobs, financial return to the City, community improvements or amenities or other benefits, H. The anticipated development schedule I. Performance criteria and assurances J. The public purpose to be accomplished by the Project. § 16.01.040 Powers Exercised. To carry out the Economic Development Incentive Program and promote the projects developed under this Chapter, the City may exercise any power or authority permitted under State law, for the public purposes provided hereunder, and may do the following: A.Receipt of Financial Assistance. The City may seek or accept financial or any other assistance from public or private sources, including from the state or federal government, for the City's activities, powers, and duties hereunder. B. Acquisition of Property. The City may purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, or otherwise, any real or personal property, any interest in property, and any improvements on it, including repurchase of developed property previously owned by the City. C. Management of Property. The City may rent, maintain, manage, operate, repair and clear real property and may insure or provide for the insurance of any operations of the City against risks or hazards. D. CC&Rs. The City may provide for the retention of controls and the establishment of any restrictions or covenants running with the land for such periods of time and under such conditions as shall be necessary to effectuate the purposes hereof. E. Non-Discrimination. The City shall include in all deeds, leases or contracts for sale, lease, sublease or transfer of land, non-discrimination clauses. F. Issuance of Bonds. The City may issue its bonds or other financial instruments permitted by law and expend the proceeds from their sale to carry out the purposes hereof. The bonds and 5 obligations issued by the City also may be purchased, invested in, or used for security. G. Site Development. The City may clear or move buildings, structures or improvements from real property; may grade any site; and may develop as a building site any property owned by it. It may cause or make provisions with other agencies for the installation of streets, utilities, parks and other public improvements. H. Property Disposition. The City may sell, lease, exchange, subdivide, transfer, assign, pledge, encumber or otherwise dispose of any real or personal property or any interest in property acquired by it. I. Remediation. The City may investigate and evaluate the condition of the property, prepare remediation plans and obtain approval thereof from regulatory agencies, and undertake remediation in accordance with such plans. J. Relocation. The City may provide (i) relocation assistance to persons displaced by governmental action, and (ii) aid and assistance to property owners in connection with rehabilitation loans and grants. K. Cooperation. The City shall cooperate with other public agencies in the formulating and administration of its Economic Development Incentive Programs.. The planning commissions and the legislative bodies of the City and the cooperating public agencies may hold joint hearings and meetings regarding the projects assisted hereunder. Any powers exercised hereunder to carryout the purposes of this Chapter must be carried out in accordance with State and Federal law. Nothing herein shall permit the waiver of any applicable legal procedure or process. CHAPTER 16.02: THE APPLICATION PROCESS Sections § 16.02.010 Conditions to Qualify for Incentives § 16.02.020 Information to be Provided by Applicants § 16.02.010 Conditions to Qualify for Incentives. An Economic Development Incentive Program may only be approved for projects which, due to the nature of the project or scale of the project, will provide significant long-term benefits to the public generally. Accordingly, any person seeking approval of an Economic Development Incentive Program must meet one or more of the following conditions: 6 A. Alleviation of Blighting Conditions. The development of the Project will alleviate a persistent condition of blight which has previously discouraged the development of the property, such as demolition and removal of dilapidated substandard buildings and structures; geotechnical, flooding or other conditions of topography or soils which inhibit development of the property; or the removal or remediation of hazardous substances or environmental contamination of soils, where the cost of such blighting conditions (not including the building construction costs) impair the land value of the property. B. Need for Area-Wide Infrastructure. The development of the Project will require the construction of infrastructure requiring capacity which exceed the needs of the Project, and where the cost of the infrastructure, in aggregate, may make the Project economically unfeasible. C. Production of Jobs. The development of the Project will result in (i) the establishment of a new business or businesses on the property producing a significant number of new and additional jobs, or (ii) cause the expansion of an existing business adding new long-term jobs, or (iii) preserve an existing business which will retain long-term jobs. D. Fiscal Impact on City. The development of the Project will create significant new on-going revenues to the City, considering all revenue sources. E. Special Amenities. The development of the Project will produce community amenities either due to the construction of needed public facilities, or due to the fact that the Project itself provides special private facilities available to the public which do not otherwise exist in the community and which would be significant to the community character and quality of life of those who work or live in the community. The Project must meet one or more of the above conditions and the City Council must find that the Project taken as a whole is beneficial to the community. § 16.02.020 Information to be Provided by Applicants. Applicant will prepare such initial studies, reports, and analysis as shall be necessary to permit the City to determine the feasibility of the development. During the application period, the applicant shall submit to the City the following: 7 A. Principals. Full disclosure of the applicant's principals, partners, joint venturers, negotiators, consultants, professional employees, or other associates of the applicant who are participants or principals of the development, and all other relevant information concerning the above. B. Financial Capability. Statement of financial condition in sufficient detail to demonstrate the applicant's financial capabilities, those of its principals, partners, joint ventures, and those of its prospective developers to satisfy the commitments necessitated by the development, including all information necessary to demonstrate the availability of construction and permanent financing. To the extent the applicant wants such financial statements to remain confidential, they shall be supplied to and maintained by the City in confidence to the extent permitted by law. C. Title and Property Information. All title information concerning the property, all environmental information, including Phase I investigations, a description of existing structures and site conditions, anticipated demolition, grading and remediation costs. D. Project Design and Costs. All preliminary information related to the design of the development to meet the City's reasonable requirements. This information shall be sufficient to allow the City to evaluate grading, site configuration, development constraints, traffic patterns, site circulation and parking, landscaping, architectural design and similar issues. All projected costs for design and construction of the Project shall be included. E. Proforma. The Project proforma shall be included identifying the estimated amount of public money to fund the development and how it will be used and the anticipated economic return of development. The applicant/developer shall provide a analysis acceptable to the city of how the development of the Project shall satisfy the requirements of this Chapter and why any public subsidy to the Project provided hereunder is warranted and provides a public benefit. Any potential alternative methods of financing will be identified with the reasons why the City's assistance necessary. F. Tenants. All information necessary to show tenant availability and interest, the nature of the proposed tenants, and the financial strength and resources of the tenants. To the extent the tenant wants such information to remain confidential, they shall be supplied to the City only if it is reasonably likely that confidentiality can be maintained under the Public Records Act. 8 CHAPTER 16.03: THE APPROVAL PROCESS Sections § 16.03.010 Review § 16.03.020 Required Findings § 16.03.030 Contents of Incentive Agreement § 16.03.010 Review. A. Investigation. During the Economic Development Incentive Program application period, the City shall investigate the applicant and request reasonable additional information and data from the applicant necessary for review and evaluation of the proposed development. Applicants are required to provide such additional information or data as reasonably requested in a timely manner. If confidential information is provided regarding the applicant's business practices, it shall remain confidential to the extent permissible by law. B. Discretionary Awards. The granting of Economic Development Incentives purely discretionary by City and no applicant shall have any entitlement or vested right thereto. Accordingly, it is the responsibility of the applicant to provide a high quality project, to the highest degree possible, to meet the objectives of this Chapter. Only information available to the public may be used to justify any decision hereunder. § 16.03.020 Required Findings. The City Council may approve the Economic Development Incentive Program if it finds as follows: A. The Project will meet the conditions of Section 16.02.010 by doing one or more of the following: 1.. Alleviating persist conditions of blight; or 2. Provide significant area-wide infrastructure; or 3. Meet the job creation objectives; or 4. Create a significant positive fiscal impact on City; or 5. If no one of these conditions is fully met, but in combination, the overall objectives are met. 9 B. The Project will produce public or private facilities for the community and which would be significant to the community character and quality of life. C. The Project has received all other discretionary entitlements required under the Zoning Ordinance, including any environmental review required by the California Environmental Quality Act. D. The Economic Incentive Agreement contains provisions to assure the continued operation for an identified amount of time consistent with this Title and providing for the enforcement of the covenants contained therein by City. § 16.03.030 Contents of Incentive Agreement. If the Economic Development Incentive program is approved, an Economic Development Incentive Agreement shall be entered into which includes the elements contained in Section 16.01.030. The Agreement must describe specifically the Project and the exact assistance provided. It must indentify how the project is anticipated to meet the criteria in Section 16.02.01. It must also provide for periodic review of performance and provide remedies for violations of the covenants and conditions. The Agreement shall permit transfer subject to the City's reasonable approval and provide for City approval of any tenants necessary to achieve the purpose of the Project. The Agreement shall show the public purposes of the Project will be achieved." SECTION 3. SEVERABILITY. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance is for any reason held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance, it being expressly declared that this ordinance and each section, subsection, paragraph, sentence, clause and phrase thereof would have been adopted, irrespective of the fact that one or more other section, subsection, paragraph, sentence, clause or phrase be declared invalid or unconstitutional. SECTION 4. LIBERAL CONSTRUCTION AND PUBLIC PURPOSE. This Section is to be interpreted liberally and applied consistent with the interpretation and application of Article XIII, Section 32 of the California Constitution and Revenue and Tax Code Section 6931. SECTION 5. EFFECTIVE DATE. The City Clerk shall certify to the passage and adoption of this ordinance, and shall make a minute of the passage and adoption thereof in the records of and the proceedings of the City Council at which the same is passed and adopted. This ordinance shall be in full force and effect thirty (30) days after its final passage and adoption, and within fifteen (15) days after its final passage, the City Clerk shall cause it to be published in a 10 newspaper of general circulation and shall post the same at the City Hall, the Civic Center building and the United States Post Office, Menifee Branch. PASSED, APPROVED, AND ADOPTED at a regula meeting of the City Council of the City of Menifee, California, on this 21St d o ust, 2013. Scott A. Mann, Mayor APPROVED AS TO FORM AND LEGAL CONTENT: JuKx Aay-vTard­1Fgg4,4WAttomey Aleshire & Wynder, LLP CERTIFICATE OF ATTESTATION AND ORIGINALITY I, KATHY BENNETT, City Clerk of the City of Menifee, do hereby attest to and certify the attached Ordinance No. 2013-130 to be the original ordinance adopted by the City Council of the City of Menifee on August 21, 2013 and that said ordinance was published in accordance with the law. Kathy Bennett, City Clerk 11 NIF Scott A.Mann Mayor Wallace W.Edgerton STATE OF CALIFORNIA ) Deputy Mayor COUNTY OF RIVERSIDE ) ss John V.Denver CITY OF MENIFEE ) Councilmember I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the Thomas Fuhrman foregoing Ordinance No. 2013-130 was duly adopted by the City Council of the Councilmember City of Menifee at a meeting thereof held on the 21s' day of August 2013 by the Greg August following vote: Councilmember Ayes: August, Denver, Edgerton, Mann Noes: Fuhrman Absent: None Abstain: None Kathy Bennett, City Clerk 29714 Haun Road Menifee,CA 92586 Phone 951.672.6777 Fax 951.6793843 www.cityofinenifee.us