San Bernardino County Municipal Code Ch. 6 Economic Development Subsidies

(a) Before granting an economic development subsidy, the County shall provide public notice and a hearing regarding the economic development subsidy. A public hearing and notice under this Subdivision is not required if a hearing and notice regarding the economic development subsidy is otherwise required by law, or for assistance to be given for the purpose of providing housing affordable to persons and families of low or moderate income, as defined in § 50093 of the Health and Safety Code.

(b) Concurrent with the approval of an agreement for an economic development subsidy pursuant to this Division, the Board of Supervisors must make a finding, after a public hearing, that the assistance is necessary for the economic feasibility of the development and that the assistance cannot be obtained on economically feasible terms in the private market.

(Ord. 4316, passed - -2017)

Before approving any economic development subsidy, the County shall provide all of the following information in written form available to the public, and through an easily identifiable and accessible location on its internet web site, if applicable:

(a) The name and address of any corporation or any other business entity, except for sole proprietorships, that are the beneficiaries of the economic development subsidy.

(b) The applicable start and end dates and schedule for the economic development subsidy.

(c) A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenue lost to, the County as a result of the economic development subsidy.

(d) A statement of the public purposes for the economic development subsidy.

(e) Projected tax revenue to the County as a result of the economic development subsidy.

(f) Estimated number of jobs created by the economic development subsidy, broken down by full-time, part-time, and temporary positions.

(g) Any other information deemed necessary or reasonable by the Chief Executive Officer or the Chief Executive Officer’s designee in support of the economic development subsidy.

(Ord. 4316, passed - -2017)