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. The potentially high tax value of inventory/business personal property associated with warehouse <br />distribution. <br />Staff Recommendation <br />La Porte's Tax Abatement Policy should never be used as the sole basis for offering economic development <br />incentives for either industrial or retail projects. Additional factors upon which to offer economic development <br />incentives should be considered. <br />In an effort to present an objective, empirical basis by which to value potential economic incentives for a wide <br />variety of project types, staff has created the enclosed spreadsheet for the Board's consideration. It should be <br />noted that this "Score Sheet" is not intended to restrict the Board's discretion in considering potential incentives. <br />Instead, given the wide variety of projects that are being presented to staff and the Board, the "Score Card" is <br />intended to provide a starting point for discussion and an empirical base upon which a reasoned decision regarding <br />incentives can be determined. <br />Please study the enclosed materials, and especially the assumptions and factors in the enclosed spreadsheet, and <br />be prepared to discuss what assumptions and factors in the spreadsheet, if any, should be revised. At this time, <br />staff is seeking direction from the Board on two primary questions: <br />1. Whether the assumptions and factors in the "Score Card" accurately reflect the Board's priorities for <br />development incentives; and <br />2. If those factors are representative, whether the "Score Card" is a tool that staff should use in preparing <br />incentive proposals for Board consideration. <br />Action Required by the La Porte Development Corporation: <br />No formal action or vote requested. <br />Approved for the La Porte Development Corporation Agenda <br />Corby D. Alexander, City Manager <br />Date <br />