§97.0203 Applications for Approval — San Diego Zoning Code

Any person may apply to the City for approval as a Participating Party and for approval of Facilities for financing under this article. Applications shall set forth such information as the City may require in order to enable the City to evaluate the applicant, the Facilities and its proposed costs.

Applications shall be evaluated by the City to assure that any financing under this article results in at least one of the following public benefits:

Ch. Art. Div. 9 7 2 1

(a) Significant additional employment to residents of the City. An industrial facility will qualify for financing under this article only if such financing will result in an increase in employment of thirty or more employees per net usable acre by the end of the second operating year. Net usable acreage, for the purpose of this criterion, is acreage upon which buildings or associated direct support improvements are to be constructed or improved. An industrial facility which produces goods or services for sale outside the San Diego metropolitan area, or which is to be located in a disadvantaged area, shall receive preference.
(b) Continuance of a company’s operation in the City which otherwise might relocate outside the City.
(c) Preservation or enhancement of the supply of energy (including gas) and/or a reduction in the expected costs thereof.
(d) The provision of goods and services which are not otherwise conveniently available to residents of a neighborhood.
(e) An improvement in the viability of a revitalization or redevelopment project.

Application evaluations will also consider the potential adverse effect, if any, that financing under this article would have on existing San Diego area firms. The purpose of such review is to preclude placing local firms at a competitive disadvantage by issuing bonds for an applicant.

Financing under this article shall be approved by the City only when it can be demonstrated that such financing will make a significant beneficial contribution to the realization of one or more of the public benefits listed above. (Amended 9–13–1982 by O–15812 N.S.)