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Economic Development Incentives
Intent and Purpose
The intent of this program is to establish a sound business tax base in the City of Belleview and promote the increase of said tax base to benefit all residents in the City by broadening the distribution of the burden of said taxes.
The purposes of this program are as follows:
- To create an economic development incentives program to attract, retain, and provide favorable conditions for the growth of businesses that provide high-quality employment opportunities for the citizens of the City of Belleview and enhance the economic foundations of the City.
- To promote public support of economic projects to foster, promote, and enhance economic development and redevelopment efforts in the City and the Community Redevelopment Agency (CRA) area (in which development is challenged by blight, history), and changes in growth patterns over the years.
- To establish an expendable incentives trust fund to assist in attracting and retaining said businesses.
- To establish criteria for the City of Belleview to enter into an agreement with a person, firm or corporation that undertakes a development or redevelopment project consistent with the City's Downtown Belleview Redevelopment Plan and/or comprehensive plan and the provisions herein.
- To provide the criteria to be considered by the City Commission in its analysis of projects seeking incentives.