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• Key Issues <br />I. Significant Decisions for Next IDA <br />■ Term of Agreement 7, 10 or _? <br />■ Contract Rate — remain @ 53% or ? <br />■ Rate for new construction — remain @ 30% or <br />II. Maintain Current Practices <br />■ Maintain the base value concept. <br />■ Maintain the capture of off site inventory kept in Industrial Districts. <br />• Maintain the minimum threshold of $300,000 in valuation. <br />■ Maintain (outside the contract) 100% value for unimproved land in <br />BayPort. <br />III. Introduce New Concepts <br />■ Simple one page tax lien filed for record to protect city in case of <br />bankruptcy <br />■ Simple one page assignment re -naming agreement. <br />■ New Construction: fixed term vs. remaining term? <br />■ What to do about non -signers? <br />■ Discuss use of roll up funds <br />o Use for capital projects <br />• o Use to offset increase in contract rate <br />o Other <br />Sidebar Issues <br />■ Water and Sewer Service Agreements <br />1) Place water and sewer service agreements on same (7yr) cycle as IDA's. <br />2) Simple one page renewals for water/sewer agreements. <br />3) Review of policies and standard agreements for service. <br />■ Discuss extension beyond perimeter lines along SH 225. <br />4) Is 150% times the in city rate still appropriate? <br />■ Foreign Trade Zones (philosophy in and out of Industrial District) <br />■ Truck weight limits on roadways <br />■ EMS service in Battleground Industrial District (vs. contracted service for all of <br />BayPort) <br />■ Better enforcement mechanism for Exhibit C (see appendix) <br />1) Driveways/access <br />2) Signage <br />3) Landscaping <br />■ Exhibit C — integration of the hike/bike trail along Fairmont Parkway <br />■ Future annexation along Fairmont Parkway/SH 225 - ? <br />• Areas with water and sewer service and different land use intensity than <br />industry. <br />