1995-10-02 - Laserfiche WebLink

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245 e. RESOLUTION: Approving alternative fuel grant application WHEREAS, the Secretary of Transportation is authorized to make grants for mass transportation projects; and WHEREAS, the contract for financial assistance from the Virginia Alternative Fuels Revolving Fund will impose certain obligations upon the applicant, including the provision by the City of the local share of project costs; now, therefore, BE IT RESOLVED by the Council for the City of Charlottesville, Virginia: 1. That Gary O'Connell, Acting City Manager, is authorized to execute and file an application on behalf of the City of Charlottesville with the Virginia Department of Transportation to finance construction of an alternative fueling facility and purchase of alternative fueled vehicles. 2. That Judith Mueller, Director of Public Works, is authorized to furnish such additional information as the Virginia Department of Transportation may require in connection with the application for the project. 3. That Linda Peacock, Budget Administrator, is authorized to execute grant agreements on behalf of the City of Charlottesville with the Virginia Department of Transportation in conjunction with this project. PUBLIC HEARING: APPROVING ENTERPRISE ZONE APPLICATION FOR RESOLUTION: WEST MAIN STREET Mr. Jim Gahres, Director of Economic Development, explained that Council's approval is being sought for submission of an application to the Virginia Department of Housing and Community Development for designation of portions of the West Main Street Corridor as an Enterprise Zone. The Minority and Women Owned Business Focus Group and West Main Street Task Force Report have recommended such a designation. Mr. Crahres said the proposed Enterprise Zone is structured to entice companies expanding or relocating to the West Main Street area m provide jobs and training for neighborhood residents or lower income individuals from the 10th and Page and Starr Hill neighborhoods and to assist in both existing business expansion and new business attraction. Mr. William Harvey, Business Development Specialist, said the Enterprise Zone designation should be viewed as a tool to heighten business interests in West Main Street. Tax credits, fee and permit waivers are used as local inducements as well as non-financial programs and assistance. State incentives consist of a ten-year general income tax credit against a business's state tax liability, a refundable real property improvement tax credit, and job grants for jobs created by business start-ups and expansions bY.63dsting firms ($1,000 per zone resident and $500 for any other job per year). Ms. Slaughter asked whether Fifeville could be included as well as the Starr Hill and 10th and Page neighborhoods and Ms. Daugherty agreed that:~ she would like to expand the zone to include Fifeville.: Mr. Gahres stated that business boundary would remain the same, but the area from which qualifying employees could be drawn could be expanded to include Fifeville, since Fifeville als,~, qualifies on the basis of its median income and unemployment rate. Mr. oscano asked if afie'r;~he two-year review period Council could expand or reduce the local incentive to businesses within the Enterprise Zone. Mr. Gahres replied that the incentives could be increased or reduced for new businesses, but businesses must continue to receive what they were originally promised for the life of the zone (20 years).