HomeMy WebLinkAboutResolution 05-47 08/01/2005
.
ATTACHMENT III
RESOLUTION NO. 05-47
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN
AGREEMENTS WITH LANE COUNTY AND THE SYMANTEC CORPORATION
TO EXTEND THE PROPERTY TAX EXEMPTION TWO YEARS FOR A
TECHNICAL SUPPORT CUSTOMER SERVICE CENTER IN THE GATEWAY
AREA.
WHEREAS, the Symantec Corporation could receive a property tax
exemption under ORS 285 because it is an eligible business firm, and
WHEREAS, the Symantec Corporation agrees
.
(a) to compensate during the entire enterprise zone tax exemption period
all new employees at an average rate of not less than 150 percent
($45,474) of Lane County's prevailing average annual wage ($30,316) at
the time of applying for authorization; and
(b) to meet any additional requirements that the zone sponsors may
reasonably request.
WHEREAS, the Symantec Corporation anticipates it will complete construction
of its technical support customer service center in 2006;
WHEREAS, the Symantec Corporation has filed an authorization application
form with the Springfield Enterprise Zone Manager;
WHEREAS the Symantec Corporation will negotiate a First Source agreement
with the Oregon Employment Division for referring qualified candidates to the
Symantec Corporation for new job openings within the Springfield Enterprise
Zone until the end of the exemption period;
.
WHEREAS, the Springfield City Council would like to encourage investment in
new Springfield manufacturing and high technology facilities, increase both the
number of family wage jobs and the wages paid to its citizens in new economic
sectors, assist in the diversification of manufacturing and high technology in the
local economy, ensure competitiveness of future Springfield businesses, and
Attachment III-I
.
provide support for the long-term operation of Symantec Corporation's Springfield
facilities.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of
Springfield as follows:
1. The Springfield City Council, as the governing body of one of the sponsors
of the Springfield Enterprise Zone II, approves extending the property tax
benefits of the Springfield Enterprise Zone for two years to the Symantec
Corporation, as requested in Exhibit A and incorporated herein by
reference, for a possible $35 million project;
2. The City Manager is authorized to sign agreements with Lane County, the
co-sponsor of the Springfield Enterprise Zone II, and the Symantec
Corporation to the terms described herein and provided that the Symantec
Corporation meets the terms of ORS 285;
3. In return for the extension, the City will require Symantec Corporation to
pay the City the equivalent of providing essential public services during
the two-year tax-exemption period in the amount of $157,500 for each
additional year of exemption. The City and Symantec Corporation will
negotiate the payment schedule; and
.
4.
This resolution shall take effect upon adoption by the Council and
approval by the Mayor.
ADOPTED by the Common Council and approved by the Mayor of the City of
Springfield, this ~ day of August ,2005.
Adopted by a vote of ~ for and ~ against.
Jl4d~~
(/ -Mayor
Council President
ATTEST:
City~~
.
Attachment III - 2