1989-11-13 Regular Meeting - Laserfiche WebLink

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e e An~ot~tion, page 5 -; effect of transferring employment. The term "primarily" as used here and elsewhere means a majority of the jobs must be new. -- Section 2h4. Deals wi th_ the competi ti ve problems created by abatement. It .provides that the facility must be necessary because the prospect cannot conduct business using existing capuci ty when a reasonable financial allo\lance is made for the improvements necessary to bring that existing property up to specitica tion. This particular circumstance is appropriate to office headquarters location. With 40 to 50 cillion square feet ot empty officc space in the community, it is hard to iffiagine a situation where another office building would be justificd. On the other hand, a corporate headquarters might be justified i~ an area such as Clear Lake where there is a shortage of office space. It would be reasonable to abate because of the ~ultiplier efiect on jobs. In another case, if a company h~d u~ique uific~ requiremcnts that could not be met with existing property, we $hould be able to abate rather than 165~ the jobs. Yet \Ie du Hot waITt; to grant blanket exemption to office buildings (even for headquarters) that might add to the space glut, cause the loss of taxes or put owners at a disadvantage. If a developer or anyone el~e can make a reasonable case that existing property can be used efficiently, abatement will not be granted. '. ) Section 2i Describes and specifies ta^able status of proper~y cn the fucility. Section 3a. Informs the potential applican where to fil~ an -application for abate~ent. Section 3b. Dcscribes the information that must bc in the application. Notice that the details filed with the application are e:ctensive and provide the necessary information for the County to determine whether the abatement complies with the intent of these guidelines. In the case oi modernization, it requires a 5eparate rendering of real and personal properties for the purpose of establishing the base year value. Also notice that the county is authorized to r~quire such other financial iniormation as it ~a7.deem appropriate. In this case, it may be apprcpriate to look at the resources or the applicant, clcarar,c.;es \-Ii th respect to pollution or environmental impacts, and other information. Section 3c. Provides a show-cause hearing and a 30-day \lait period before the hearing to allow for thorough investigation by the public and affected parties. -.., Section 3d.' Provides for a speedy 60-day e::ecution of the a?plication. It is required that the county notify the applicant if the abatement \vill be approved or not. The approval rc:::olution constitutes an intent on the part of the county to execute an agreement. It al~o provides that it tc:.kcs a commisioner to / ,