HomeMy WebLinkAboutAgenda Report - February 2, 1994 (29)CITY COUNCIL MEETING
FEBRUARY 2,1994 ••�+ ► �': +� � ; : '
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Counal Member Mann made the following suggestions regarding the City's economic
recovery and requested that this matter be set for a future shirtsleeve session -.for:* ►: -i
discussion by the Cly Council. r"tet' wY .•I, a 4..= .... J,v:•:�}-fYi .
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SUGGESTIONS BY MANN FOR ECONOMIC RECOVERY
1. • • .That the City waive the first year business license fee for new businesses that- -,*-'14":1
come to Lodi; .1..1....,2: , • . ',.4...:;.:;!•'-''4-: .;���.'ry41"S>,T1
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2. That they City waive a portion of the first year sales tax for new businesses who +. :'14/ K
locate In downtown Lodi or on Cherokee lane; :w ` Y :�; w-
That the City waive all or part of the impact fees for new companies who
employ 100 people or with an annual payroll of $3 minion or more; - r.".
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; That the City consider amortizing impact fees over a three-year period for al newv1-�`
businesses and exssting plant expansions; ,:P,. • •
That the City tower impact fees across the board;
6. , That the City look at refunding the first year property tax (the City's share of it) to
new industrial customers; .. . .
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7 That the City reevaluate all commercial utility rates;
8. That the City hold a quarterly business forum;
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9. That the Cky Council be designated as the business lobby for the City of Lodi
and teke the concerns from the quarterly business forum and do the lobbying on
the state and federal levels; and
10. That the City consider contra..ting with a business marketing specialist who will
represent Lodi in the Stat^ and in the nation.
FILE NO. CC -6 AND CC'400
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TO: Restorable Mayor. Council Members
and city Reneger
PROtt s Steve hint
RR: Lodi Pconanic Recovery Plan
Gentlemen:
Lodi'a economic future is being imperiled by, among
other factors, the gradual exodus of businesses (large and
amen) from our city. There are many reasons for these
departures, and everyone seems to have an answer nn how to
save them. Compounding the problem is the keen competition
between cities and states for the businesses that remain.
While I realise thero is no Bingle perfect solution to this
dilemma, I feel the City must quickly adopt an aggressive
recovery plan before it's too late.
Listed below aro 10 positive steps we can take now to
help stem the tide of business failures and departures, plus
snake Lodi much more attractive to prospective companies.
While I've only listed 10 hero, there aro probably many
more that can be added.
Let's get Lodi back in business by implementing all or
moat of these incentives:
1. Waive first year business license fee for new
businesses
2. Waive city's portion of first year sales tax for new
businesses who locate in downtown Lodi or on
Cherokee Lane
3. Waive all or part of the impact fees for new companies
who employ 100 people or with an annual payroll
of $3 million or more
4. Amortize impact fears over a three-yoar period for all
new business and existing plant tiapaneions
5. Consider lowering impact fees across the board
6. Refund first year proporty taxed to new industrial
companies
7. Re-evaluate all commercial utility rates
8. Hold a quarterly business forum
9. Designate City Council as business lobby
10. Consider contracting with a business marketing
specialist to represent Lodi in elate and nation
None of these steps should be liberal to the point of
"giving away the farm," but they should go a lung way toward
enticing new companies to Lodi and the jobs they produce.
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