RESOLUTION No. 36302

Adopt the Milwaukie/North Clackamas Enterprise Zone Boundary Amendment (Resolution)

WHEREAS,  Clackamas County, the City of Milwaukie and the City of Portland have been partners    in Milwaukie/North Clackamas Enterprise Zone since December 4, 1997.; and

WHEREAS,  the Enterprise Zone program provides a financial incentive for industrial  businesses to invest in expanding facilities and equipment, hiring more employees  and paying better wages with benefits; and

WHEREAS,  the program offers three to five-year property tax exemptions to qualified industrial    businesses in the Milwaukie and Clackamas Areas located within the        Milwaukie/North Clackamas Enterprise Zone (see Attachment A).; and

WHEREAS,  the designation of an enterprise zone does not grant or imply permission to develop    land within the Zone without complying with all prevailing zoning, regulatory and    permitting processes and restrictions of any and all local jurisdictions; nor does it      indicate any public intent to modify those processes or restrictions, unless otherwise    in agreement with applicable comprehensive land use plans; and

WHEREAS,  this Enterprise Zone and the three to five year property tax exemption that it offers for    new investments in plant and equipment by eligible business firms are critical      elements of regional efforts to increase employment opportunities, to raise local      incomes, to attract investments by new and existing businesses and to secure and      diversify the local economic base; and

WHEREAS,  the Portland Development Commission supports the economic development efforts  of our Regional Economic Development Partners; and

WHEREAS,  the Milwaukie/North Clackamas Enterprise Zone contains 3 tax lots located      within the City of Portland, 12E 30BA 05000, 05001and 05100 located with a      portion of the street address of 5001 SE Johnson Creek Boulevard; and

WHEREAS,  the City of Portland tax lots mentioned above are within the current location of a      portion of the Precision Cast Parts Corporation’s Titanium Plant and were        included within the Milwaukie/North Clackamas Enterprise Zone to provide an      incentive future expansion opportunities for their business since the facility is      primarily located within the City of Milwaukie; and,

WHEREAS,  The City of Milwaukie has requested a boundary expansion of 9.51 acres        encompassed in 3 tax lots that were recently rezoned by the city for industrial use (see    Attachment B); and

WHEREAS,  the Portland City Council are agreed in supporting a change in the boundary of the    Milwaukie/North Clackamas Enterprise Zone such that the amended Enterprise Zone    would be configured according to the attached map adding the International Way area    to the zone boundaries (see Attachment A); and

WHEREAS,  the state of Oregon Enterprise Zone Program requires that Enterprise Zone      boundary amendments be approved by all three partners in the program’s        sponsoring governments, i.e., the Portland City Council; and

WHEREAS,  Clackamas County and the City of Milwaukie have already approved resolutions      supporting the Milwaukie/North Clackamas Enterprise Zone boundary expansion;    and

WHEREAS,  the Portland City Council may designate such approval in the form of an        Resolution;

THEREFORE, BE IT RESOLVED THAT the Portland City Council approves the amendment    of the Milwaukie/North Clackamas Enterprise Zone; and, be it

FURTHER RESOLVED that this Resolution shall become effective immediately following its      adoption.

Adopted by the Council: March 30, 2005    GARY BLACKMER

               Auditor of the City of Portland

Mayor Tom Potter            By /S/Colleen Phillips

Portland Development Commission: Colin Sears

March 10, 2005

               Deputy

BACKING SHEET INFORMATION

AGENDA NO. 270-2005

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 36302