§ 22-26. Application for economic development incentives.

(1)

Applications to the process are required and the application will consist of, but not be limited to, the following for Pasco County operation to be incented:

(a)

Company profile and background (type of business by NAICS Code);

(b)

Function of the operation;

(c)

Location of the operation;

(d)

Total acreage of site;

(e)

Approximate size, square footage (enclosed under-roof building structure);

(f)

Pasco County employment (current and projected new);

(g)

Total number, average wages, and titles of full-time employees;

(h)

Estimated Pasco County utilities usage;

(i)

Disclosure of environmental impacts.

(2)

Applications will be submitted through the staff of PEDC. In order to be eligible for any incentives pursuant to this article, application must be received by the staff of PEDC prior to the submission of development application to the county, the purchase of an existing building or execution of a lease for a facility.

(3)

After the PEDC staff receives a complete application, they will have 30 days to prepare an incentive analysis. The PEDC staff will coordinate with the county administrator, or his designee, to perform an economic analysis and cost benefit analysis or other acceptable analysis techniques and comprehensive plan compliance review.

(4)

The incentive analysis will consist of the completed incentive application signed by an officer of the company requesting consideration under the ordinance and certifying the information contained within the application, an economic impact analysis or cost benefit analysis and calculation of the incentive award based on the application.

(5)

The county administrator or his designee will review and negotiate the terms of the economic incentive agreement with the company.

(6)

An agreement, acceptable to the county attorney, will be prepared and provided to the company. Upon execution by the company, the agreement will be presented to the Pasco County Board of County Commissioners for a decision on the approval of the economic incentive agreement with the company.

(Ord. No. 10-08, § 6, 5-25-10)