Additional Standards for Evaluating Applicants – Subjective Criteria. The following factors, among others, where applicable, shall be considered in determining the percentage of value to be abated and the duration of the Tax Abatement in accordance with the Schedule of Tax Abatement in Section III J:
a. whether the project makes a substantial contribution to redevelopment efforts, preservation efforts, special area plans, or strategic economic development programs by enhancing either functional or visual characteristics;
b. whether the project has high visibility, image impact, or is of a significantly higher level of development quality;
c. if the project involves new or infill construction, whether the project improves property that might not otherwise be developed because of constraints of topography, ownership patterns, site configuration, etc;
d. whether the project can serve as a prototype and catalyst for other development of a higher standard;
e. whether the project stimulates desired concentrations of employment or commercial activity;
f. value of land and existing improvements, if any;
g. type and value of proposed improvements;
h. productive life of proposed improvements;
i. amount of local payroll to be created;
j. whether the new jobs to be created will be filled by persons residing or projected to reside within affected taxing jurisdictions;
k. amount of local sales taxes to be generated directly;
l. amount that the property tax base valuation will be increased after the term of abatement;
m. the costs to be incurred by the City of Killeen to provide facilities or services directly resulting from the new improvements;
n. the amount of ad valorem taxes to be paid by the City of Killeen during the Abatement period considering (a) the existing values, (b) the percentage of new value abated, and (c) the Abatement period;
o. the population growth of the City of Killeen that occurs directly as a result of new improvements;
p. the types of value of public improvements, if any, to be constructed and paid for by the applicant seeking abatement;
q. the extent to which the proposed improvements compete with existing businesses;
r. the impact, whether positive or negative, on the business opportunities of existing businesses;
s. the attraction of other new business and/or housing development in the area;
t. the overall compatibility with the City of Killeen’s zoning and subdivision regulations and the Comprehensive Plan;
u. whether the project is environmentally compatible, with no appreciable negative impact on quality-of...
