Memorandum

City of Lawrence

City Manager’s Office

TO:              David L. Corliss, City Manager

CC:               Cynthia Boecker, Assistant City Manager

                   Diane Stoddard, Assistant City Manager

FROM:          Roger Zalneraitis, Economic Development Coordinator/Planner

DATE:           February 6, 2009

RE:               Policies and Benefit-Cost Model for County Review

In the economic development study session conducted on January 27^th, 2009, County Commissioners requested that the City’s proposed policies on Tax Abatements and Processes and Procedures for cash incentives (the “Overarching Policy”) be forwarded to them for review, as well as the benefit-cost model.  In response, Staff would like to forward the following documents for their review:

· Memo to BOCC

· City of Lawrence Economic Goals, Processes, and Procedures (the “Overarching Policy”);

· Property Tax Abatements: Considerations of Changes to Current Policy;

· Memo on the Benefit-Cost Model; and

· Sample Output from the Benefit-Cost Model

Please note that the benefit-cost model has been revised since first presented last summer.  A list of the changes is available on page 3 of the Benefit-Cost model memo.  Staff is available to address any questions or comments you might have regarding the updates.

Action Requested: Staff requests that the City Commission authorize forwarding these documents to the County Commission.