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HomeMy WebLinkAbout025149 RES - 12/17/2002 1 RESOLUTION ADOPTING THE CORPUS CHRISTI RENEWAL COMMUNITY TAX INCENTIVE UTILIZATION PLAN NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The Corpus Christi Renewal Community Tax Incentive Utilization Plan is adopted as the City's plan to satisfy the Federal Department of Housing and Urban Development's economic growth promotion requirements in 24 CFR 599.1 07(b). A copy of the plan is attached to this. resolution as Attachment A. SECTION 2. The City Manager is directed to implement the Corpus Christi Renewal Community Tax Incentive Utilization Plan, and bring any necessary amendments to the Code of Ordinances to the City Council for consideration. ATTEST: ~ Armando Chapa City Secretary APPROVED: 10th day of December, 2002. James R. Bray Jr. City Attorney THE CITY OF CORPUS CHRISTI ~- -~~ Samuel L. eal, Jr. Mayor By: R. y eining Fi st Assistant City Attorney R22116B1.doc r,2:d'"d) 2 Corpus Christi, T~xas \ r\-h'of 'Dc ( ~f\'--'l:.) p,\ ,2002 The above resolution was passed by the following vote: Samuel L. Neal, Jr. (tl ~ ; Brent Chesney lll' . ) Mark Scott Javier D. Colmenero Henry Garrett Bill Kelly Rex A. Kinnison John Longoria Jesse Noyola R22116B1.doc \)25i~Q Tax Incentive Utilization Plan 11 Economic Growth Promotion - Economic Growth Promotion - The state and local government In which the Renewal Community is located have repealed, or reduced, will not enforce or will reduce within the nominated area franchises or other restriction on competition for businesses providing public services, including taxicabs, jitneys, cabie television, or trash hauling in accordance with 24 CFR 599.107(b) (1 (v) Page 1 10 Economic Growth Promotion - The state and local government in which the Renewal Community is located have repealed, or reduced, will not enforce or will reduce within the nominated area zoning or other restrictions that impede the formation of schools or child care centers in accordance with 24 CFR 599.107(b) (1) (iv) 9 Economic Growth Promotion - The state and local government in which the Renewal Community is located have repealed, or reduced not enforce or will reduce within the nominated area permit requirements for street vendors who do not create a public nuisance, in accordance with 24 CFR 599.107(b) (1) (iii) will 8 Economic Growth Promotion - The state and local government in which the Renewal Community is located have repealed, or reduced, will not enforce or will reduce within the nominated area zoning restrictions on home-based businesses which do not create a public nuisance in accordance with 24 CFR 599.107(b) (1) (ii) 7 Economic Growth Promotion - The state and local government in which the Renewal Community is located have repealed, or reduced, wil not enforce or will reduce within the nominated area licensing requirements for occupations that do not ordinarily require a professional degree in accordance with 24 CFR 599.107(b) (1) (i) 6 Course of Action - The Gift or Sale at below fair market value of surplus or real property held by State or local governments, such as land homes, and commercial property or industrial structures in the Renewal Community, to neighborhood organizations, community development corporations, or private companies in accordance with 24 CFR 599.1 07(a)(2)(v)(F) 5 Course of Action - Involvement in Economic Development Activities by private entities, organizations and community groups, particularly those in the Renewal Community, including a commitment from such private entities to provide jobs and job training for, and technical, financial, or other assistance to, employers, employees, and residents from the Renewal Community, in accordance with 24 CFR 599.107(a)(2)(v)(E) 41course of Action - Actions to reduce, remove, simplify or streamline governmental requirements applying within the Renewal Community, in accordance with 24CFR 599.1 07(a)(2)(v)(D) 31course of Action - Crime reduction strategies, such as crime prevention, including the provision of crime prevention services by nongovernmental entities, in accordance with 24 CFR 599.1 07(a)(2)(v)(C) 21course of Action - An 599. 1 07(a)(2)(v)(B) increase in the level of efficiency of local services within the Renewal Community, in accordance with 24 CFR 107(a)(2)(v)(A) 1 Course of Action A reduction of tax rate or fees applying within the Renewal Community in accordance with 24 CFR 599 Tax Incentive Utilization Plan Offered throughout the Renewal Community designation period Page 2 Obtain information from the school district on the number of Renewal Community residents who earned their GED through this program Provide the number of students who are enrolled in GED classes who live in the Renewal Community. 21CCISD will assist individuals in obtaining their 2 City of Corpus Christi will provide after school child care for school - age students through their latchkey program and provide scholarships to those residents needing financial assistance for after school care. City will provide SEED TECH, Safe haven and DEFY programs to those living in the Weed and Seed area and in the Renewal Community. GED Offered throughout the Renewal Community designation period Obtain documentation on the number of students enrolled in after school programs who live in the Renewal Community and who participate in Weed and Seed programs who ive in the Renewal Community. 1 Texas Department of Economic Development will provide refunds of state sales and use taxes on equipment, machinery and building materials for use in the zone. Grant refunds of state sales taxes paid on labor for building rehab and taxed paid on electricity and natural gas used by the project. Grant rebates for new jobs created not just the jobs that constitute the 25% criteria for economically disadvantaged persons. Provide franchise tax liability deductions. Offered throughout the Provide a report of the number of Texas Renewal Community Enterprise Zone Projects granted in 2002-2009 designation to projects Obtain from each project, the number of jobs nominated and accepted created, number of jobs for economically through the Texas Economic Idisadvantaged, value of project on the tax rol Development. vs. previous value, to demonstrate gain in value. 1 The City will offer tax abatement to basic manufacturing or service facilities, petrochemical facilities, regional telecommunications/data processing centers, and regional visitor/amusement facilities, and residential redevelopment facilities in the Renewal Community. Only projects that employ more than 50 individuals can be considered for abatement. Abatement will be for construction period and 5 years after, or as amended by City Council during the Renewal Community period Offered from 2004 to 2009. Abatement during the construction period and 5 years after building is placed in service or as amended by City Council. Provide a list of businesses that were granted tax abatement in the City's Renewal Community. Obtain information on the number of jobs created by each entity and a comparison of taxes paid with abatement vs. without abatement in order to demonstrate savings to the Renewal Community business. Commitment Number Specific Actions the Renewa take to achieve commitment Community wi Timetable for Actions Taken Describe what the Renewal Community will do to measure and evaluate the success of each action I I I I I I Tax Incentive Utilization Plan 21Local CPA organizations will promote the Renewal Community tax incentives through newsletters and seminars Page 3 Obtain information on the number of CPAs attending each of the seminars where the Renewal Community incentives were discussed and number of newsletters distributed 21GUlf Coast Council of La Raza will assist families with services and employment training to become employed Offered throughout the Renewal Community designation ~riod Annual Obtain information on the number of people assisted who live in the Renewal Community. 2 Del Mar will promote growth, expansion, innovation, increased productivity and improved management for small businesses. Offered throughout the Renewal Community designation period Obtain information on services provided to businesses in the Renewal Community and throughout the City. 2 Corpus Christi Regional Transportation Authority will provide safe dependable service to residents of the Renewal Community. Offered throughout the Renewal Community designation period Obtain ridership information in the areas in the Renewal Community. Work with the RTA to determine if additional services are needed and provide the services. 2 Coastal Bend Workforce Development board will fund a variety of services to assist individuals in obtaining employment and businesses to recruit employees in Renewal Community. Renewal Community will work with the Board identify methods to target the Renewal Community Businesses and residents of the Renewal Community to provide services. Each year the Renewal Community will obtain the number of individuals living in the Renewal Community assisted and the number of businesses in the Renewal Community assisted each year. the Offered throughout the Renewal Community designation period 2 City of Corpus Christi will provide CDBG, HOME and ESG funds for implementing the Renewal Community and projects and programs that assist low -moderate income individuals in the Renewal Community including services, housing, and projects that promote economic development. Offered throughout the Renewal Community designation period to Obtain information to determine projects and programs funded that were located in the Renewal Community area and projects and programs that assisted businesses in the Renewal Community or individuals residing in the Renewal Community. Obtain information on the number of houses rehabilitated and constructed in the Renewal Community each year. This year the City is renewing its 5-year consolidated plan in 2003. The City will incorporate the Renewal Community in the plan and submit to HUD the TIUP as a Neighborhood Revitalization Strategy in 2003. In addition, the City will provide revised commitments to HUD regarding its commitments to the Renewal Community In 2003. Tax Incentive Utilization Plan 21Workforce Network wil services. provide employers and job seekers Offered throughout the Renewal Community designation period 2 Youth Opportunities United will submit $150,000 per year in grant applications for projects that improve local services in the Renewal Community, specifically programs that target at- risk youth and delinquent youth. Offered throughout the RC designated period Renewal Community will work closely with the YOU to submit grant applications for projects and programs targeting at-risk youth and delinquent youth. The RC will obtain information from the YOU of the number of grants submitted and amounts received that affect individuals living in the RC or services being provided in the Renewal Community. Obtain information from the WN on the number of job seekers and employers assisted who live or are located in the Renewal Community. Page 4 21Nueces County Health Department wil services to the public. Offered throughout the Renewal Community designation period Renewal Community will work with the Health department to reach out to the Renewal Community and obtain information from the Health Department of the number of animals picked up in the Renewal Community, presentations made in the Renewal Community, participation in health fairs in the Renewal Community, number of patients seen who reside in the Renewal Community, number Renewal Community residents receiving WIC. provide health 21Texas A&M University - Corpus Christi will provide training opportunities to businesses and their employees. Staff will assist in obtaining grant funding to implement the Renewal Community and survey businesses in the Renewal Community annually. 21Nueces County Community Action Agency will provide necessary information for persons needing health services Offered throughout the Renewal Community designation period Offered throughout the Renewal Community designation period Obtain information from the University on the number of businesses assisted and number of employees trained, specifically those who are ocated in the Renewal Community. Obtain information on the number of people assisted who live in the Renewal Community 2 Metro Ministries will assist low - income families and homeless individuals with housing, employment and other basic needs. Offered throughout the Renewal Community designation period Obtain information on the number of people assisted who live in the Renewal Community or homeless people who are in the Renewal Community. Obtain information on the types of services provided to the homeless. 21Corpus Christi Beach Association will promote the tax incentives to their members through newsletters and meetings. Obtain information on the number of newsletters distributed and number of member attending the meetings 2 Real Estate Board will host meeting to inform Commercial Real Estate brokers and agents of the incentives in the Renewal Community. Annual Annual Obtain information on the number of Brokers and agents attending the meeting. Tax Incentive Utilization Plan 3 City of Corpus Christi will renew its crime control district from 12002-2007 2002-2007 in order to fund 50 additional police officers in high crime areas of the City, to decrease the incidence of criminal offenses associated with young offenders, to provide preventive measures to break the cycle of gang recruitment and violence, to reduce citizens' fear of crime, to further the ability of Police to fight crime by adding technological enhancements and new equipment. 31The Police Department's Crime Prevention Specialists will provide information to Senior Citizens in the Renewal Community on crime prevention. Page 5 Renewal Community will work with the Police Department to reach out to the Renewal Community senior citizen community and provide information about crime prevention to seniors. Renewal Community will obtain information on the number of Seniors who live in the Renewal Community who have been provided this information. Obtain information from the Police Department of the number of additional police officers that were assigned to the Renewal Community, obtain number of young offenders who resided in the Renewal Community each year and compare to previous years, obtain information on the preventative measures taken in the Renewal Community to prevent gang recruitment and violence, obtain a crime report for each year and compare to previous year to demonstrate how crime has been reduced in the Renewal Community. 3 The Police Department's Crime Prevention Specialists will conduct Homeowners Insurance Premium Reduction Surveys for citizens in the Renewal Community who request at no charge. 2002-2009 Renewal Community will work with the police department to reach out to the Renewal Community residents and obtain information of the number of surveys conducted in homes in the Renewal Community area each year. ongoing 31The Police Department will work with citizens to develop IOffered throughout the Neighbors on Watch (NOW)Programs in neighborhoods in the Renewal Community Renewal Community Designation Period Renewal Community will work with the police department to reach out to the Renewal Community residents and obtain information of the number of NOW programs developed in the Renewal Community area each year. 21YWCA will provide services that transform and women. Offered throughout the Renewal Community designation period obtain information on the number of girls and women assisted who live/work in the Renewal Community the lives of girls 21YMCA will assist parents with childcare needs. Offered throughout the Renewal Community designation period Obtain information on the number of youth who received services who lived in the Renewal Community Tax Incentive Utilization Plan 5 City will develop a Business Resource Center in Corpus Christi with various partners including the Wests ide Business Association, Black Chamber of Commerce, Hispanic Contractors Association, Minority Business Development Center, Coastal Bend Minority Council and the Corpus Christi Business Resource Center to assist businesses with 'mportant resources necessary for success. Page 6 The Renewal Community will work with the BRC to target businesses in the Renewal Community or promote business development in the Renewal Community and obtain information from the Center on the number of businesses assisted through the Center and the number of businesses assisted who are located in the Renewal Community or are conducting business in the Renewal Community. 5 City of Corpus Christi will construct a new arena, expand the convention center and improve the seawall in the Renewal Community area to promote economic development. Voters approved these projects in 2000. The City will involve the Corpus Christi Convention and Visitors Bureau and the Corpus Christi Chamber of Commerce in attracting conventions to the community. In addition these organizations will work closely with hotels in the community to assist convention organizers with their planning efforts. 2003-2009 The Renewal Community will obtain information from the Convention and Visitors bureau of the number of conventions held and number of visitors who stayed in hotels within the Renewal Community. Renewal Community will obtain information of the tourism dollars generated into our local economy due to the expansion of the convention center and arena. 5 City of Corpus Christi will identify buildings that are abandoned and are currently being "drug houses" to demolish. To be completed by 2007 Renewal Community will work with Neighborhood Visions to identify buildings and obtain information from Neighborhood Visions to identify number of buildings demolished in the Renewal Community 4 City of Corpus Christi will assist families connect with the services needed to aid their children in avoiding delinquency and in becoming productive citizens. City will implement a number of programs targeted at the Renewal Community. 2002-2009 Obtain information on the number of families assisted who live in the Renewal Community and the programs implemented in the Renewal Community. Track changes in crime throughout the Renewal Community 4 City of Corpus Christi will streamline construction permitting through the development of a one - stop development center for permitting, building inspection, city planing and engineering 2003-2009 2003-2009 The City will promote the one-stop center, which will be located in the Renewal Community, via internet including "What's New" and "Current Projects" to inform the public of new publications, and what is happening regard major projects. City will develop PSAs for broadcast on TV regarding the new center. City will survey developers to determine the effectiveness of the one stop shop and solicit 'nput. Tax Incentive Utilization Plan 5 Corpus Christi Regional Economic Development Corporation will promote the Renewal Community and its tax incentives through mass direct mail to businesses interested in relocating. Page 7 Obtain information on the number of direct mail pieces sent with Renewal Community information and number of jobs created in Corpus Christi and the Renewal Community and number of businesses that located to the Renewal Community and Corpus Christi as a result of their marketing efforts. 5 Downtown Management District will promote the Renewal Community incentives to its businesses and assist in attracting businesses and new development to the downtown area. ongoing Renewal Community will work with the Downtown Management district to promote the Renewal Community incentives to new and existing businesses in the Renewal Community and identify methods and partnerships to increase development. Annually report the businesses contacted, plans developed, funding mechanisms identified to improve the downtown area, projects developed, investments made. Report on the dollars invested to improve the attractiveness of the downtown area, improvements made to the downtown area, programs to assure the safety and cleanliness of downtown 5 Corpus Christi Chamber of Commerce will foster business growth by advocating business issues, enhancing the business climate, providing services to members and marketing the Renewal Community benefits to theirs members. ongoing Obtain information on services provided that affect the Renewal Community 51corpus Christi Beach Association in partnership with the City of Corpus Christi will construct a boardwalk on Corpus Christi Beach, which is to increase tourism in Corpus Christi ongoing To be completed by 2009 51corpus Christi Hispanic Chamber of Commerce will partner with the City of Corpus Christi to assist in publicizing and marketing the tax incentive to members and potential members of the organization. Ongoing The Renewal Community will work closely with the Hispanic Chamber of Commerce to market tax incentives to members of the organization through various marketing strategies. RC will work with chamber to report the types of marketing strategies used each year and distribution or contacts made. The Renewal Community will work with the CC Beach Association to obtain funding for the project and obtain information from the CC Beach association on the increased business as a result of the Boardwalk. Tax Incentive Utilization Plan Page 8 9 The City of Corpus Christi will reduce the permit fees for street vendors who operate exclusively in the Renewal Community area. 8 The City will reduce the local requirements for child care home business by allowing the day care providers to increase the number of children allowable, as long as they meet the State of Texas requirements and are located in the Renewal Community Area. City will issue special permits for the day care providers in homes. 2004-2009 n 2003, the City will reduce the local requirements for childcare businesses in the home, through a regular public hearing process The Effective date will be January 2004- December 2009. Each year from 2004-2009, the RC will obtain information to determine the number of businesses taking advantage of this reduction in requirements. In 2003 the City will adopt the changes through a regular public hearing process to allow the changes in the Renewal Community. The changes will be effective beginning January 2004 ending December 2009. From 2004-2009, Renewal Community will obtain information on the number vendors receiving discounts on the permit to operate in the Renewal Community area and the savings per vendor. 6 Not applicable to this TIUP 7 The City will reduce fees for Renewal Community residents who are pursuing the Certified Electrical Maintenance Registration Exam, Maintenance Electrical License, Master Electrician License, Master Electrician Sign or Elevator License, Limited Journeyman Electrician License, or Journeyman Electrician License 2004-2009 NA 2004-2009 n 2003 the City will adopt a fee change through a regular public hearing for these licenses. A process will be established in 2003 and implemented in January 2004. The effective date will be January 2004-December 2009. Each year in 2004-2009, the Renewal Community will obtain information on the number of residents taking advantage of this incentive. 51Westside Business Association will promote the Renewal Community among their members by providing information in newsletters, and hosting seminars. Adopt a school in the Renewal Community. Throughout the Renewal Community period NA Obtain information of services and assistance provided. 5 The Renewal Community in partnership with the Coastal Bend Bays and Estuaries Program and Texas General Land Office will provide funding to renourish beaches in the Renewal Community region and surrounding the Renewal Community, renourish Sunfish Island and dredge the area in and surrounding the marina to encourage tourism and economic develo ment in the re ion. 5 City of Corpus Christi will partner with developers to improve and or increase housing in the Renewal Community. ongoing Provide a report on the number of housing units built or renovated each year in the Renewal Community To be completed in 2003 Provide a report on the investment made Renewal Community to renourish McGee Beach, Corpus Christi Beach, Sunfish Island and Marina Dredging. in the Tax Incentive Utilization Plan 11 The City of Corpus Christi will ramend its ordinances to reduce fees for solid waste hauler for hire and self-hauler permits for collection of solid wastes within the boundaries of the Renewal Community. Page 9 The City will amend the ordinance in 2003 through a regular public hearing process and will set fees for permits. The effective date will be January 2004 to December 2009. Information will be obtained on an annual basis on the number of solid waste hauler for hire and self-hauler permits issued and the amount saved per business. 11[The City will amend its ordinances to reduce street use fees for taxicabs operating exclusively in the RC 2004-2009 The City will amend the ordinances in 2003 through a regular public hearing process and will set forth reduced fees for taxicabs operating in the RC. The effective date will be January 2004 to Dec. 2009. Information will be obtained on an annual basis on the number of taxicabs receiving this discount and the amount saved per business 2004-2009 11 The City of Corpus Christi will amend its ordinances to reduce 12004-2009 permit fees and street use fees for limousines or sightseeing services operating exclusively in the RC. 10lCity will reduce permit and survey fees by for construction and renovation of buildings and structures located within the Renewal Community, 2004-2009 n 2003, through a public hearing process, the City will reduce the permit and survey fees for construction and renovation of buildings and structures located within the Renewal Community, including daycare centers and schools The effective date will be January 2004-December 2009. The changes will be publicized through a news release and via the internet. RC will obtain information of the number of permits and fees charged for projects in the RC and the savings per entity. The City of Corpus Christi will amend the ordinance in 2003 through a regular public hearing process and will set forth-reduced fees for limousine and sightseeing services operating exclusively in the RC. The effective date will be January 2004 to December 2009. In formation will be obtained each year to determine the number of businesses taking advantage of this incentive and the savings per business. Tax Incentive Utilization Plan Renewal Communify businesses and businesses who conducf work in the Renewal Community Page Renewal Community will Renewal Community will conduct a survey each publicize information on year beginning in 2003 to determine the Renewal Community EC tax number of businesses in Corpus Christi who credit to businesses through were able to take the Renewal Community EC seminars, workshops, in the previous year. internet, and through articles, and by providing materials to Chamber of Commerce. City of Corpus Christi Development Center, Hispanic Chamber of Commerce, Wests ide Business Association and other partnering organizations. 10 2002-2009 Target Audience Timetable for ncentive Actions Tax Incentive Utilization Plan Targef Audience Renewal Community businesses and of her Businesses Renewal Communify businesses and of her Businesses Wfj11.in;TItglWdl:~lWag~!!~C#iliit'~t. Timetable for incentive 2002-2005 Page 11 Actions Renewal Community will Renewal Community will obtain information publicize information on WtW from the Texas Workforce Commission the tax credit to businesses state agency that certifies the WTW to through seminars, determine the number of individuals who have workshops, internet, and been certified in Corpus Christi. Renewal through articles, and by Community will also conduct a survey each providing materials to year beginning in 2003 to determine the Chamber of Commerce, City number of businesses in Corpus Christi who of Corpus Christi were able to take the WTW in the previous Development Center, year. Hispanic Chamber of Commerce, Westside Business Association and other partnering organizations. Renewal Community will Renewal Community will obtain information publicize information on from the Texas Workforce Commission the WOTC tax credit to state agency that certifies the WOTC to businesses through determine the number of individuals who have seminars, workshops, been certified in Corpus Christi. Renewal internet, and through articles, Community will also conduct a survey each and by providing materials to year beginning in 2003 to determine the Chamber of Commerce, City number of businesses in Corpus Christi who of Corpus Christi were able to take the WOTC in the previous Development Center, year. Hispanic Chamber of Commerce, Wests ide Business Association and other partnering organizations. Target Audience 2002-2005 Timetable for ncentive Actions Evaluation Targef Audience Renewal 2002-2009 Communify Businesses C;oJtfmi~lil~fj,ijltRli~~f! Target Audience Timetable I Business 2002-2009 Tax Incentive Utilization Plan Renewal Community will develop the State Plan with the CRA and a local plan to allocate the CRD. The CRD will be marketed through the various partners and publicized through public notice, news releases, and internet. The Renewal Community will work with the business organizations in the community to raise awareness of the incentive and the application process. Renewal Community will publicize information on 179 Deductions to businesses through seminars, workshops, internet, and through articles, and by providing materials to Chamber of Commerce, City of Corpus Christi Development Center, Hispanic Chamber of Commerce, Westside Business Association and other partnering organizations. Through surveys, the Renewal Community will provide the number of businesses that are aware of the increased section 179 deduction, if they had taken the deduction or planning on taking the deduction, reasons for not taking the deduction. Renewal Community will report each year beginning in 2003, the investments made in the Renewal Community due to this incentive, the increased property value due to the investment, the number of projects and allocations requested, the number of jobs created through each allocation. Page 12 Targef Audience Renewal 2002-2009 Communify businesses and other Businesses (Jualif{eflil:one,!'Aca'8im Targef Audience Timetable f CC/SD 2002-2009 CC/SD 2002-2009 Tax Incentive Utilization Plan Develop a construction/GED- training program modeled after YouthBuild, which can be funded by HUD- YouthBuild Funds, CDBG, which can serve as a pilot project for developing a vocational training academy. Renewal Community will discuss QZABS with CCISD and private industry. Renewal Community will facilitate training schools. Page mplementation of a Construction program for 16-25 year olds. Creation of an "Academy" by the end of 2009 Provide actions taken each year, contacts made and status of developing an academy. Upon completion, Renewal Community will obtain information on the number of students served at the Academy. 13 traininglGED Actions Renewal Community will publicize information on the Environmental Cleanup Cost Deduction to businesses through seminars, workshops, internet, and through articles, and by providing materials to Chamber of Commerce, City of Corpus Christi Development Center, Hispanic Chamber of Commerce, Westside Business Association and other partnering organizations. Renewal Community will work with the State environmental agency to increase awareness of this benefit and will obtain information each year on the number of businesses in Corpus Christi taking advantage of this incentive and the deduction being taken. Target Audience Timetable for incentive Renewal 2002-2009 Communify businesses N~~rM}ffKiiJi ililtiiqlf!~~!~ Targef Audience Timefable for in Renewal 2002-2009 Communify & Of her low income areas Tax Incentive Utilization Plan Page Host workshop with Banks Renewal Community will report the number of and other investors and investors attending the workshop, the status of Community Development becoming a CDE and the amount of allocations Organizations to increase requested from the CDFI for allocations. Should awareness of the NMTC. the CDE in Corpus Christi receive allocations, Renewal Community will the Renewal Community will work closely with work with organizations to the CDE to report the number of loans made apply to the Community and the amount if loans made within the Development Financial Renewal Community, number of jobs created Institution to become a CDE. by the new investments and property value Renewal Community will increases as a result of the investments. work with the newly designated CDE to develop a proposal to the CDFI for allocations of NMTC in order to make loans to businesses in the Renewal Community area. 14 Actions Evaluation Renewal Community will Through surveys, the Renewal Community will publicize information on the provide the number of businesses that are Zero Percent Capital Gains aware of the 0% capital Gains Rate, if they Rate for Renewal Community planned to take the incentive and if not, why. assets to businesses through seminars, workshops, internet, and through articles, and by providing materials to Chamber of Commerce, City of Corpus Christi Development Center, Hispanic Chamber of Commerce, Westside Business Association and other partnering organizations. 2002-2009 Housing 2002-2009 Developers Tax Incentive Utilization Plan Page Provide information to Renewai Community will obtain information developers regarding the from the Texas Department of Housing and benefits of housing in the Community Affairs of the number of projects in Renewal Community and the Corpus Christi and the number of units set IRS, including HUD funds aside for low-income families. and Low Income Housing Tax Credit. 15 Submit the TIUP as a Renewal Community will obtain information to Neighborhood Revitalization determine the number of housing units created Strategy to HUD in order to pursuant to this Neighborhood Revitalization provide greater flexibility to Strategy. carry out housing programs in the Renewal Community and provide added benefit to housing projects seeking L1HTC. Tax Incentive Utilization Plan Continuously solicit new partners to optimize the potential for lowering the unemployment rate, poverty raising the household income of individuals in the RC and promoting economic development in the RC Page rate and IAnnuallY report partners and their commitment to the RC and their outcomes 16 Develop short videos to increase awareness of the Renewal Community incentives. The video will be broadcast on public access and used as a marketing piece for businesses inquiring about locating to the Renewal Community. Broadcast of the video. Number of videos distributed and the results of the distribution Present custom proposals to private industry that will employ more than 50 workers and who are seeking to locate in the Renewal Community. Provide the number of custom proposals submitted each year and results (investments made to the Renewal Community and the number of jobs created. Provide signs along the perimeter of the Renewal Community to indicate the boundary of the Renewal Community or entering the Renewal Community Signs are to be installed in 2003 Renewal Community will develop a resource guide with business partnering agencies to promote the business Number of guides distributed. Survey partnering organizations and their services, business resource center and their services, Texas Enterprise Zone Ibusinesses to determine effectiveness of the benefits, City tax incentives, Development Center, Renewal Community Tax Incentives. guide. Renewal Community will develop and conduct surveys to determine the level of participation in the Renewal Community incentives and knowledge of these incentives to plan for future marketing campaigns Survey results Sfrafegy Evaluafion