INTRODUCTION

In an effort to assist target businesses critical to Canby's economic development, the Canby Urban Renewal District (URD) is offering system development charge (SDC) credits for job creation. The credits range from $500 to $2,000 per qualifying job and will be applied to any industrial/manufacturing project paying City of Canby SDCs that is located within Canby's URD.

The URD has a limited amount of funds available for this program. These funds are available on a first-come, first-served basis until they are exhausted in any fiscal year, provided that the URD may decide to equitably allocate the proceeds, if more than one application is submitted during any given fiscal year. This program is treated as a grant program providing that recipients comply with the construction and job creation requirements as outlined in their application.

Applicants will pay all SDC fees up-front to the City of Canby. After job creation and retention goals have been met by the applicant, the Canby Urban Renewal Agency may refund SDCs in accordance with the SDC Grant Agreement entered into between the applicant and the City.

ELIGIBILITY

Businesses must meet the following criteria to be eligible for this program:
• Projects must be located in the Canby Urban Renewal District.
• Projects must be for industrial/manufacturing businesses only.
• Credits will only be applied to City of Canby SDCs, paid by the applicant on qualifying project. City of Canby SDCs are assessed for Transportation, Sanitary Sewer, Storm Sewer, and Parks.
• Credits will only be awarded for full-time jobs meeting the above salary levels provided under the heading Credit Amounts below.
• The maximum credit allowed to an applicant will be the lesser of the following: (a) $100,000; (b) 100% of the SDCs actually paid by the applicant for the project (excluding any credits that were given); (c) the balance of the remaining grant funds at the time the grant requirements are fully met; or (d) an equitable share of the remaining grant funds at the time the grant requirements are fully met if there are other qualified applications for reimbursement.
• Applications for credits must be filed no later than 90 days after the payment of the SDCs for which credits are sought. We encourage applications to be filed well in advance of payments.
• Businesses must enter into an agreement with the URD to provide a pre-defined number of new jobs, with specified salary requirements. Once created, those jobs must remain filled for a minimum of 24 months. (New jobs created may start at any time within two years of final occupancy of the building.)
• Businesses must agree to allow the URD to monitor and audit payroll records in order to confirm that agreed upon job creation and retention goals are being met. Businesses that do not meet the requirements of the SDC Grant Agreement will not receive the credits.
• Businesses located outside city limits but requiring City services will only be eligible if they enter into an annexation agreement with the City. The application must follow applicable local, state and federal rules. Credit will only be issued in such cases following annexation into City limits.
• Applicants may be either a building owner, developer, or business owner or their representatives. Funds will be issued to the individual/business that paid the SDCs to the City of Canby.
• Non-profits, government agencies, and other users that do not pay property taxes are ineligible.
• The Urban Renewal Agency reserves the right to modify or interpret any eligibility standard or credit level on a case-by-case basis if deemed necessary.

CREDIT AMOUNTS

Credits will be issued as follows:
• $500 per full-time job paying between $20,800 and $27,560 per year ($10.00 to $13.25 per hour).
• $1,000 per full-time job paying between $27,561 and $34,320 per year ($13.26 to $16.50 per hour).
• $1,500 per fall-time job paying between $34,321 and $39,520 per year ($16.51 to $19.00 per hour).
• $2,000 per full-time job paying over $39,521 per year ($19 per hour).

APPLICATION REQUIREMENTS

Businesses applying for this incentive program must provide the following:
1. Completed SDC Incentive Program Grant Application.
2. Copy of statement of estimated SDC fees by the City of Canby or receipt of actual fees paid, if applying after payment date.
3. Job creation plan and agreement to submit annual employment reports.

PROCESS

1. Staff will review the application and make sure it is complete and accurate.
2. Staff will make a recommendation to the Canby Urban Renewal Agency, which will make a final decision on the application.
3. If approved, staff and applicant will finalize job creation and employment reporting plan and a written contract will be signed.
4. Staff will monitor job creation and maintenance data. Upon successful completion of plan, a rebate will be issued and a report provided to the Canby Urban Renewal Agency.

CREDIT FORMAT

Applicant will pay the full amount of SDC’s to the City of Canby upon issuance of a building permit. A rebate will be issued to applicant only upon verification that all jobs listed in the plan were created or remained filled for the 24 months required.