Cost Benefit Analysis. This Plan when presented for recommendation and approval shall be accompanied by a cost benefit analysis. Such analysis is as follows: a. Tax shifts resulting from the approval of the use of funds pursuant to section 18-2147: This project will create minimal retail jobs. This is not likely to result in new City residents and therefore, will not increase student load for the school system. b. Public infrastructure and public service needs: No additional unplanned infrastructure or public services are anticipated. Sales tax generated by the construction and operation of the facility will more than reimburse the City for any unforeseen expenses over time. c. Impacts on employers and employees within the project area: None exist. Therefore no impact is expected. d. Impacts on employers and employees in the city, but not in the project area: The construction of the facility will result in a slight increase in temporary employment. e. Other impacts: No significant negative additional impacts are anticipated. 1. Principal amount An amount calculated to be amortized by incremental tax revenues from and after January 1, 2016 for a period of 15 years.
Appears in 2 contracts
Samples: Redevelopment Contract, Redevelopment Contract
Cost Benefit Analysis. This Plan when presented for recommendation and approval shall be accompanied by a cost benefit analysis. Such analysis is as follows:
a. Tax shifts resulting from the approval of the use of funds pursuant to section 18-2147: This project will create minimal retail jobs. This is not likely to result in new City residents and therefore, will not increase student load for the school system.
b. Public infrastructure and public service needs: No additional unplanned infrastructure or public services are anticipated. Sales tax generated by new hires and the construction and operation of the facility will more than reimburse the City for any unforeseen expenses over time.
c. Impacts on employers and employees within the project area: None exist. Therefore Therefor no impact is expected.
d. Impacts on employers and employees in the city, but not in the project area: The construction of the facility will result in a slight increase in temporary employment.
e. Other impacts: No significant negative additional impacts are anticipated.
1. Principal amount An amount calculated to be amortized by incremental tax revenues from and after January 1, 2016 2015 for a period of 15 years.
Appears in 1 contract
Samples: Redevelopment Contract
Cost Benefit Analysis. This Plan when presented for recommendation and approval shall be accompanied by a cost benefit analysis. Such analysis is as follows:
a. Tax shifts resulting from the approval of the use of funds pursuant to section 18-2147: This project will create minimal retail jobs. This is not likely to result in new City residents and therefore, will not increase student load for the school system.
b. Public infrastructure and public service needs: No additional unplanned infrastructure or public services are anticipatedThe plan requires the Agency to pay for and install two approach pads to the Site. Sales tax generated by new hires and the construction and operation of the facility will more than reimburse the City for any unforeseen those expenses over time.
c. Impacts on employers and employees within the project area: None exist. Therefore Therefor no impact is expected.
d. Impacts on employers and employees in the city, but not in the project area: The construction of the facility will result in a slight increase in temporary employment.
e. Other impacts: No significant negative additional impacts are anticipated.
1. Principal amount An amount calculated to be amortized by incremental tax revenues from and after January 1, 2016 2014 for a period of 15 years.
Appears in 1 contract
Samples: Redevelopment Contract
Cost Benefit Analysis. This Plan when presented for recommendation and approval shall be accompanied by a cost benefit analysis. Such analysis is as follows:
a. Tax shifts resulting from the approval of the use of funds pursuant to section 18-2147: This project will create minimal retail jobs. This is not likely to result in new City residents and therefore, will not increase student load for the school system.
b. Public infrastructure and public service needs: No additional unplanned infrastructure or public services are anticipated. Sales tax generated by the construction and operation of the facility will more than reimburse the City for any unforeseen expenses over time.
c. Impacts on employers and employees within the project area: None exist. Therefore no impact is expected.
d. Impacts on employers and employees in the city, but not in the project area: The construction of the facility will result in a slight increase in temporary employment.
e. Other impacts: No significant negative additional impacts are anticipated.
1. Principal amount An amount calculated to be amortized by incremental tax revenues from and after January 1, 2016 2017 for a period of 15 years.
Appears in 1 contract
Samples: Redevelopment Contract