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Ordinance 2708 and staff report,I ' - :"(3 c ...:; c.' ' CITY OF ALAEDA ORDINANCE NO.2708 AMENDING THE IMPROVEMENT TAX REGULATIONS OF THE CITY OF ALAEDA TO PROVIDE AN EXEMPTION FOR IMPROVEMENTS CONSTRUCTED AT THE FORMER NAVAL AIR STATION WHEREAS, the City of Alameda has a . tax construction to raise revenue for its General Fund for the among others of deferring the costs of municipal generated by the development of property; and on new purposeservices WHEREAS the ordinance imposing the improvement taxprovides for an exemption from taxation for certain kinds ofconstruction acti vi ty that serve important public policy goals,including the avoidance of double payment for public services and the facilitation of seismid retrofit improvements; and WHEREAS, the City Council finds and determines that any construction activity at the former Naval Air Station will fulfillthe important public policy goals of assisting the economicrecovery following closure of the base and bringing structures at the base to higher standards than were applied to their originalconstruction as federal facilities; and WHEREAS, the City Council finds and determines that providing a partial exemption from the improvement tax that wouldotherwise apply to construction acti vi ty at the former Naval Air Station upon acceptance of retrocession by the State of California would encourage the redevelopment of that military installation;and WHEREAS, the City Council wishes to remove a possible impediment to immediate leasing of property at the Naval Air Station by indicating its intention to provide a partial exemptionfrom the Improvement Tax after retrocession of federalj ur isdiction. NOW , THEREFORE , BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ALAMEDA as follows: Section Section )-62.6 of the Alameda Municipal Code is hereby amended to add a new paragraph thereto to read in full asfollows: c. Persons who undertake construction on real property within the boundaries of the Naval Air station pursuant to lease with the Alameda Reuse and Redevelopment Authority are exempt from fifty percent (50%) of this tax provided that the application for a Building or Plumbing Permit for the work is approved andin the judgment of the City'Building Official, substantial progress on the work authorized thereunder has occurred on or before December 31, 2000. section In recognition of the preemptive effect ofexisting federal jurisdiction, Section 1 of this Ordinance shallbecome effective upon acceptance by the State of Californiapursuant to section 113 of the Government Code of the State, ofretrocession of federal jurisdiction at the Naval Air StationAlameda. Section This ordinance shall be in full force and effect from and after the expiration of thirty (30) days from the date of its final passage. Attest: tl /6 . C1 ty Clerk I, the undersigned, hereby certify that the foregoing Ordinance was duly and regularly adopted and passed by the Council of the City Alameda in regular meeting assembled on the 9th day of September , 1995, by the following vote to wit: AYES:Counci'lrne.bers Arnerich, DeWitt, Lucas, Mann.u and President Appezzato - NOES:None. ABSENT:None. ABSTENTIONS:None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 20th day of September , 1995. Diane ~~~ Ci ty of Alameda o - 1- o .. J. 0 44(;- City of Alameda Inter-deparment Memorandum TO:Honorable Mayor and Councilmembers FROM:Zenda JamesFinance Director DATE:August 22 , 1995 SUBJECT:FINANCIAL INCENTIVES FOR BUSINESSES LOCATING AT THE NAVAL AIR STATION (NAS) Background Encouraging businesses to locate at the Naval Air Station (NAS) is a high priority for the City. Businesses that locate at the NAS may assist in the economic recovery following base closure by generating sales tax revenues to the City and creating jobs that can be filled by Alameda residents. There are substantial expenses that new business face when first established- at NAS. Providing temporary exemptions from some of the costs that may apply to these business will facilitate their location at the NAS and hasten economic recovery. Two taxes over which the City Council has direct control are theci ty' s Improvement Tax and its Bus iness License Tax. In addition the City may reimburse businesses for certain expenses if there isa public interest in doing so , such as assisting the economic recovery following the announcement of military base closure. Exemptions from some portion of each of the two taxes and acondi tional and limited reimbursement of other tax expenses are recommended in this report. Discuss ion/ Analysis The recommendations made in this report a e being presented to the Council at this time because of the potential signing of an interim lease with AEG Corporation. AEG Corporation is nego tiating with the Alameda Reuse and Redevelopment Authority (AR) to use threebuildings at the NAS. In addition to spending significant dollars for code compliance and safety upgrades to improve the property, AEG projects hiring 150-200 employees. The current estimates are, that when fully built and staffed , the AEG Corporation's use of NAS buildings will generate $2.75 million in local sales tax revenues over the seven-year life of their current contract ,to refurbish BART cars. As long as the property at the NAS is under federal jurisdictionlocal taxes are generally preempted. AEG Corporation will not have to pay such taxes as long as federal jurisdiction continues to exist over the NAS site. Unfortunately, it is impossible to Re: Introduction of Ordin & Reso #5-19-5-95 Honorable Mayor a Counci lmembers August 22 , 1995 Page Two predict when federal jurisdiction will cease. This is because the process of handing jurisdiction from federal to state andul timately to local control (AR) is a complicated and uncertainone. In order to eliminate the uncertainty involved because of the inability to predict when these state and local taxes would apply to businesses locating at NAS , i.e. AEG Corporation , waiver and reimbursement of these expenses if and when they would apply is being recommended. Partial Exemption from Improvement Tax. A partial exemptionfrom the City'Improvement Tax is recommended for allconstruction performed at the 'NAS pursuant to the terms of alease with the AR. The City'Improvement Tax is one percent of the value of new construction. An exemption ofhalf of that amount is recommended for new construction performed pursuant to a Lease with the AR. If approved by the City Council , the 50% exemption from the Improvement Tax could theoretically apply to the construction contemplated by the AEG Corporation. For every one milliondollar value of the construction planned by the AEGCorporation, the 50% exemption would save the corporation $ 5 , 000 in improvement tax. The Business License Tax Credit. It is recommended that two al ternati ves be made available for business license taxcredits. These would be as follows: Alternative 1. A credit of 100% of business license tax liability shall be applied toward the business license tax forany business which: (1) enters into a lease with the Alameda Reuse and Redevelopment Authority prior to January 1 , i996; (2) employs at least 20 employees who each work at least 30 hours per week during the entire year , and (3) generates at least $47 500 ($5 000 000 in taxable sales) in local sales and use tax allocated to the city of Alameda in the year for which the credit is applied. The purpose of this 100% credit is to encourage businesses to commit to s of base properties by the end of the year. Alternative 2. A credit of 50% of business license tax liability shall be applied toward the business license tax forany business which: (1) enters into a lease with the Alameda Reuse and Redevelopment Authority after December 31 , 1995 , (2) employs at least 20 employees who each work at least 30 hours per week during the entire year; and (3) generates at least $47 500 ($5,000 000 in taxable sales) in local sales and use tax allocated to the City of Alameda in the year for which the credit is applied. Both alternatives will sunset on June 30 , 2002. Honorable Mayor a Councilmembers August 22 , 1995 Page Three Again , it is important to emphasize that the recommended actions are primarily intended to respond to an economic uncertainty. The " loss " of revenue from the recommendations if any, is thus very difficult to estimate. However , we estimate that for a business that would generate 000 000 gross receipts and our rate of 40 cents per $1 000gross receipts: 100% exemption = $2 OOOjyear x 7 years =$14 000 50% exemption = $1 OOOjyear x 7 years -$ 7 000 Reimbursement of the Unsecured Property Tax. state law provides for two statewide taxes that have a special impact onbusinesses: the possessory interest tax and the tax on the unsecured roll. The possessory interest tax is effectively a substitute for property tax imposed when a private party- leases government-owned property and the tax on the unsecuredroll is a tax on property other than land such as heavyequipment. Like local taxes , these taxes are affected by federal jurisdiction and generally may not be collected until the preemptive effect of federal jurisdiction is eliminated bythe state's acceptance of retrocession. In order to respond to the uncertainty provided by not knowing when retrocession will occur , or when these taxes will apply to lessees , staff is recommending that the City Manager be authorized to sign agreements providing for reimbursements of such expenses if and when they arise during the course of alease. The lease being negotiated with AEG Corporation contemplates such reimbursement and would in all likelihood be the first time the City Manager would exercise the authority granted by this recommended action. Budget/Fiscal Impact The economic incentives proposed herein will result in an estimated "loss" of revenues as follows: Improvement Tax: For every $1 million dollar improvement = $5 000 (one time revenue only)value Business License Tax Credit: For a business that generates approximately $5 million in annual gross receipts: 100% exemption $2 OOOjyear 50% exemption $1 000 jyear x 7 years - $14 000 x 7 years = $ 7 000 The unsecured property tax returns approximately 27% to the Cityfor every $1 tax paid to the County. This is the amountrecommended to be reimbursed to the business. onor ble Mayor ? i Counci lmembers August 22 , 1995 Page Four Net sales tax revenue that will be generated for the City for every $1 million in taxable sales is $9 500 jyear. Recommenda tion It is recommended that the City Council adopt two economic incentives for businesses locating at the Naval Air station and adopt a resolution that will authorize a third incentive for selectbusinesses. The two general incentives. are to exempt from the Improvement Tax for construction undertaken at the base and a credi t of either 50% or 100% from " business license taxes for up to seven years. The third incentive that is recommended is for the reimbursement in select cases , of the taxes that City would otherwise receive from property on the unsecured property tax roll and the exemption to expire June 30 , 2002. If the Council concurs with these proposed incentives , introduction andjor adoption of the following legislation is recommended: An Ordinance Amending the Business License Tax Ordinance ofthe City of Alameda to Provide a Credit for Businesses Conducted at the former Naval Air station An Ordinance Amending the Improvement Tax Regulations of the City of Alameda to Provide an Exemption for Improvements Constructed at the former Naval Air station Resolution Authorizing the City Manager to Execute Agreements Providing Reimbursement for Unsecured Personal Property to Certain Businesses that locate at the Naval Airstation Respectfully submitted ~~~ Zenda "" JamesFinance Director RWARDED cc:AR Executive DirectorSupervising Accountant (Oakes)