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<br />. <br /> <br />. <br /> <br />. <br /> <br />For Proiects That 1Vill Occuvv Existinf! Facilities: <br /> <br />2. Renovation and Improvement of Existing Facilities <br />Incentive: A project may qualify by demonstrating that it <br />will: <br /> <br />a. be a business undertaking a new lease of a minimum of <br />25,000 square feet of existing single-tenant space from <br />an unrelated third party; and <br />b. provide justification for incentives based upon <br />· the type and number of jobs to be created or <br />retained; <br />· additional revenues created for the City from sales <br />tax and tax on Business Personal Property and <br />inventory; <br />· the business is listed as a target industry for the city <br />(Attachment A); <br />· the market conditions and growth potential for the <br />business activity; or <br />· any combination of the above. <br /> <br />For New Retail Proiects: <br /> <br />Other Projects: <br /> <br />3. New Retail: A retail business project may be <br />considered under the Program if: <br /> <br />a. the type of business is a retail business listed as a <br />target industry for the city (Attachment A); and <br />b. it will result in new Real Property and Business <br />Personal Property, excluding inventory, of at least $1 <br />million. <br /> <br />4. Any other project may be considered if it is specifically <br />determined by the Community and Economic <br /> <br />4 <br />