Menifee Municipal Code Ch. 16.02 The Application Process

(A) An economic development incentive program may only be approved for projects which, due to the nature of the project or scale of the project, will provide significant long-term benefits to the public generally. Accordingly, any person seeking approval of an economic development incentive program must meet one or more of the following conditions:

(1) Alleviation of blighting conditions. The development of the project will alleviate a persistent condition of blight which has previously discouraged the development of the property, such as demolition and removal of dilapidated substandard buildings and structures; geotechnical, flooding or other conditions of topography or soils which inhibit development of the property; or the removal or remediation of hazardous substances or environmental contamination of soils, where the cost of such blighting conditions (not including the building construction costs) impair the land value of the property;

(2) Need for area-wide infrastructure. The development of the project will require the construction of infrastructure requiring capacity which exceed the needs of the project, and where the cost of the infrastructure, in aggregate, may make the project economically unfeasible;

(3) Production of jobs. The development of the project will result in:

(a) The establishment of a new business or businesses on the property producing a significant number of new and additional jobs; or

(b) Cause the expansion of an existing business adding new long-term jobs; or

(c) Preserve an existing business which will retain long-term jobs;

(4) Fiscal impact on city. The development of the project will create significant new on-going revenues to the city, considering all revenue sources;

(5) Special amenities. The development of the project will produce community amenities either due to the construction of needed public facilities, or due to the fact that the project itself provides special private facilities available to the public which do not otherwise exist in the community and which would be significant to the community character and quality of life of those who work or live in the community.

(B) The project must meet one or more of the above conditions and the City Council must find that the project taken as a whole is beneficial to the community.

(Ord. 2013-130, passed 8-21-2013)

Applicant will prepare such initial studies, reports, and analysis as shall be necessary to permit the city to determine the feasibility of the development. During the application period, the applicant shall submit to the city the following:

(A) Principals. Full disclosure of the applicant's principals, partners, joint venturers, negotiators, consultants, professional employees, or other associates of the applicant who are participants or principals of the development, and all other relevant information concerning the above;

(B) Financial capability. Statement of financial condition in sufficient detail to demonstrate the applicant's financial capabilities, those of its principals, partners, joint ventures, and those of its prospective developers to satisfy the commitments necessitated by the development, including all information necessary to demonstrate the availability of construction and permanent financing. To the extent the applicant wants such financial statements to remain confidential, they shall be supplied to and maintained by the city in confidence to the extent permitted by law;

(C) Title and property information. All title information concerning the property, all environmental information, including Phase I investigations, a description of existing structures and site conditions, anticipated demolition, grading and remediation costs;

(D) Project design and costs. All preliminary information related to the design of the development to meet the city's reasonable requirements. This information shall be sufficient to allow the city to evaluate grading, site configuration, development constraints, traffic patterns, site circulation and parking, landscaping, architectural design and similar issues. All projected costs for design and construction of the project shall be included;

(E) Proforma. The project proforma shall be included identifying the estimated amount of public money to fund the development and how it will be used and the anticipated economic return of development. The applicant/developer shall provide a analysis acceptable to the city of how the development of the project shall satisfy the requirements of this chapter and why any public subsidy to the project provided hereunder is warranted and provides a public benefit. Any potential alternative methods of financing will be identified with the reasons why the city's assistance necessary;

(F) Tenants. All information necessary to show tenant availability and interest, the nature of the proposed tenants, and the financial strength and resources of the tenants. To the extent the tenant wants such information to remain confidential, they shall be supplied to the city only if it is reasonably likely that confidentiality can be maintained under the Public Records Act.

(Ord. 2013-130, passed 8-21-2013)