RESOLUTION No. 36373

Recommend a North/Northeast Enterprise Zone Boundary expansion (Resolution)

WHEREAS,  in March 1996, the Portland City Council adopted Resolution No. 35506, applying for designation of the N/NE Portland Enterprise Zone (“the Zone”) under the Oregon State Enterprise Zone program; and

WHEREAS,  in December 2000, the Portland City Council adopted Resolution No. 35950, approving the use of a Model Enterprise Zone Contract and authorizing the Commission to enter into an Enterprise Zone Contract with companies meeting program requirements; 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 local 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 manages the N/NE Enterprise Zone on behalf of the City of Portland and has requested a boundary change on behalf of CNF Inc., Opus Creative Group Inc., and United States Bakery Inc. in order to retain 1,079 and create a minimum of 20 new jobs; and

WHEREAS,  the Portland City Council are agreed in requesting a change in the boundary of the Portland North/Northeast Enterprise Zone that add the areas indicated in the attached legal description (Exhibit A) and maps (Exhibit B and C), such that the amended Enterprise Zone would be configured according to the attached maps and legal description; and

WHEREAS,  a meeting with the North/Northeast Economic Development Alliance was held on December 13, 2005, and that the Alliance was supportive of the proposed boundary change;

THEREFORE, BE IT RESOLVED THAT, the Portland City Council recommends the amendment of the N/NE Enterprise Zone as proposed; and,

BE IT FURTHER RESOLVED, that this resolution shall become effective immediately upon its adoption.

BACKING SHEET INFORMATION

AGENDA NO. 109-2006

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 36373