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HomeMy WebLinkAbout2019-12-16-J01G Fair Play Agreement MOUCITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: December 16, 2019 AGENDA ITEM:Consideration of approval of a resolution approving and adopting Capital Crossroads Memorandum of Understanding, Greater Des Moines Fair Play Agreement FORMAT:Consent Agenda SYNOPSIS INCLUDING PRO & CON: City staff has been involved in discussions about and revisions to the current Fair Play Agreement. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: City staff recommend approval of the revised agreement. RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution PREPARED BY:Becky Schuett REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: AGENDA ITEM: J1G THE CITY OF WAUKEE, IOWA RESOLUTION 19- APPROVING AND ADOPTING CAPITAL CROSSROADS MEMORANDUM OF UNDERSTANDING, GREATER DES MOINES FAIR PLAY AGREEMENT IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, on June 20, 2016, the Waukee City Council approved and adopted the Des Moines Metro Economic Development Fair Play Agreement (Resolution #16-249); AND, WHEREAS, a revised Greater Des Moines Fair Play Agreement is proposed to maintain a vibrant business environment and maximize benefit to residents and taxpayers, AND, WHEREAS, Waukee City staff recommend approval of the revised agreement. NOW THEREFORE BE IT RESOLVED by the Waukee City Council in session this 16th day of December, 2019, that the Capital Crossroads Memorandum of Understanding, Greater Des Moines Fair Play Agreement in hereby approved and adopted. BE IT FURTHER RESOLVED that the Waukee City Council that the City Administrator shall be the City’s designated point of contact in matters related to the Agreement. ____________________________ William F. Peard, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman R. Charles Bottenberg Courtney Clarke Shelly Hughes Larry R. Lyon Memorandum of Understanding Greater Des Moines Fair Play Agreement To maintain a vibrant business environment and maximize benefit to residents and taxpayers of the region, the Greater Des Moines Fair Play Agreement (FPA) puts forth ground rules applicable when economic development projects are being negotiated. The three primary principles are these: 1. Elected officials and/or city staff should not initiate business relocations from one Greater Des Moines FPA signatory to another. 2. Communities will communicate throughout the process, with special emphasis at both the onset and toward conclusion of negotiations. 3. Communities should work together to ensure responsible stewardship of taxpayer dollars. If a community learns of a business’ intention to relocate outside the community in which it is currently located, the prospective city should inform the business that it will not negotiate the terms of an incentive before the current host community has been informed of the business’ potential relocation. (Providing information on sites and buildings and providing publicly-available information on incentive programs does not constitute “negotiation.”) After the business provides notice to the host city of its intention to relocate, the new host community may finalize and recommend approval of an incentive package for the business. The incentive package offered to prospective businesses should fall within the bounds of what the community typically offers based on its recent similar development agreements and/or the city’s publicly-available established economic development incentive policies. The host community may offer any level of incentive package that it would like to retain the business. The incentive package may include tax abatement, as defined by state statute, or Tax Increment Financing (TIF) used in a variety of ways, including for infrastructure, or other local assistance. Local incentive packages are not limited in situations where a community is working to attract a business from outside the region. Greater Des Moines FPA signatories should make publicly available their City Council-approved economic development incentive policies. If the prospective community abides by the terms of the fair play agreement on a specific project, the host community will seek City approval for sign-off when required for State incentives. FPA signatories will work with Greater Des Moines Partnership staff on economic development projects at appropriate times to ensure coordination with State of Iowa economic development programs and to strengthen regional collaboration. The FPA will be reviewed every ten years. A new community may enter the FPA at any point with the assistance of the Partnership and communication via the current signatories. City’s Designated Point of Contact: ______________________________________________________ Title Signed: __________________________________________________________________________________ Mayor City Date