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March 12, 2013 Special Election

City of Wilsonville Special Election

 

Important dates for March 12, 2013:
January 10Deadline for local governing bodies to file
notice of measure with County
January 14Deadline for measure arguments to be filed
for inclusion in voters’ pamphlet
January 18Voter Pamphlet filings become public record
February 19Deadline for new voter registration
Mail-out Dates:
January 26Out of Country / Military ballots are mailed
February 11Out of State ballots are mailed
February 22Local and in-state ballots are mailed
March 22Last day to resolve unsigned ballot envelopes,
or ballot envelopes with challenged signatures

MEASURE 3-421
CITY OF WILSONVILLE

Caption:
BUSINESS INCENTIVE PROGRAM FOR INVESTMENT AND JOB CREATION BY MANUFACTURERS.

Question:
Shall urban renewal district zones be created to stimulate converting targeted warehouses to manufacturing by partially rebating property tax increment?

Summary:
Many cities offer financial incentive programs to attract business investment. Wilsonville proposes adopting an incentive program to target conversion of vacant or underutilized industrial buildings to manufacturing operations and create jobs.

Up to six buildings over 100,000 square feet in size would be established as Tax Increment Financing Zones. Each Zone would rebate to qualifying companies up to 75 percent of increased property tax increment for three years for investment of at least $25 million in capital improvements and/or qualified equipment, and creation of 75 or more new full-time jobs paying at least 125 percent of the average Clackamas County wage. Two additional years of rebate available if the 75 new jobs pay at least 150 percent of average county wage.

Each Zone would terminate 10 years after first rebate; non-performance by company would require repayment. If no qualifying investment occurs within five years of creating Zone, it would terminate.

Other taxing districts including schools and fire district would receive 25 percent of increased property tax increment.

For online voters' pamphlet, click here.

Link to daily update of percentage returns on the Results Page, or click here.

 

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