CITY MANAGER' S REPORT
JANUARY 13, 2025 CITY COUNCIL REGULAR MEETING
ITEM:
ITEM 5. 3
ESTABLISH A FINANCIAL INCENTIVE PROGRAM
LIMITED TO NEW RETAIL ESTABLISHMENTS
LOCATING IN THE CITY EAST OF INTERSTATE 5
AND APPROVE BUDGET AMENDMENT
RECOMMENDATION: Council to Discuss and Consider a Resolution to Establish a Retail Incentive Program and Approve
Budget Amendment
SUMMARY:
Retail Incentive Programs are generally meant to stimulate the private sector to invest in a community and to enhance a city' s economic development efforts to attract unique retail and entertainment entities that offer shopping, full -service dining, entertainment, and/ or recreational venues for its residents and tourism promotion.
The proposed Retail Incentive Program is meant to attract new investment from retailers that are not currently located within its city limits. The Program offers a financial incentive in the form of a credit - based grant ( Grant) payable toward eligible city fees related to a business license, tenant improvements of an existing space, or construction of a new building. The Grant is meant to reduce the start- up expenses for a new retail business located within the City of Lathrop' s Program Target Area, also identified as East of Interstate 5 Planning Areas.
The proposed Retail Incentive Program offers eligible retailers a credit - based grant applicable toward City fees within three categories:
Category City Fee Credit -Based Grant
New Construction Up to 50% of total eligible City Capital Facility fees with a maximum of
250, 00 per new construction
Existing Building/ Space
With Tenant Improvements
Up to 75% of City Building Permit and
Plan Check fees with a maximum of
25, 000 per use
Existing Building/ Space
Without Tenant Improvements
Minimum 5 - year Lease)
Up to 5 years of City Business License
fees
Staff proposes the use of Measure D' s Economic Development Fund - Citywide Account as the funding mechanism for the proposed Retail Incentive Program.
CITY MANAGER' SREPORT PAGE 2
JANUARY 13, 2025 CITY COUNCIL REGULAR MEETING
ESTABLISH A FINANCIAL INCENTIVE PROGRAM LIMITED TO NEW RETAIL ESTABLISHMENTS LOCATING IN THE CITY EAST OF INTERSTATE 5 AND
APPROVE BUDGET AMENDMENT
BACKGROUND:
On October 14, 2024, Lathrop City Council directed staff to explore possible financial incentive programs to assist in the attraction of entertainment establishments. At the November 18th City Council meeting, staff presented various options for offering financial incentives for the purpose of marketing to attract new entertainment uses to the City.
Council feedback provided direction to the Economic Development Administrator to craft an incentive program utilizing Measure D' s Economic Development - Citywide Account ( Measure D) as the funding source. Council emphasized the purpose of such an incentive program should be to enhance efforts to attract retail, entertainment, and recreational entities, including small businesses, to the City.
Council gave additional feedback and direction for the financial incentive to be based on City Capital Facility fees for new development, Building Permit & Plan Check fees associated with tenant improvements of existing buildings/ space, or business license fees.
Passed by the vote of the electorate on November 7, 2000, Measure D established an Economic Development Fee ( EDF) for the purpose of stimulating business activities in the local economy. The EDF is solely funded through new homes sales in River Islands. At close of escrow for each new home sold, a $ 5, 000 EDF fee is collected with eighty percent ( 80%) deposited to a " Stewart Tract Account" and twenty percent ( 20%) deposited to a " Citywide Account". Measure D limits allocation of money from the EDF Citywide Account to the east side of Interstate 5 within Lathrop' scity limits.
The proposed Lathrop Retail Incentive Program offers a financial incentive in the form of a credit -based grant ( Grant) to be applied toward eligible city fees for a business license, tenant improvements of an existing space, or construction of a new building. This credit -based financial incentive may reduce start- up expenses for the business thereby freeing up capital to be used for other purposes.
As detailed on the proposed terms and conditions of the incentive program attached as Attachment B, the business must be a new retail, entertainment and/ or recreational business not currently located within Lathrop' s city limits. The new business must be physically based in a permitted commercial zone within Lathrop' s Program Target Area to meet eligibility requirements. Business categories that are eligible to apply for the Retail Incentive Grant include:
Retail establishments that sell goods to consumers and patrons Full - service restaurants
Entertainment and recreational entities
Small business retailers, entertainment or recreational entities with at least 3 full- time employees
CITY MANAGER' S REPORT PAGE 3
JANUARY 13, 2025 CITY COUNCIL REGULAR MEETING
ESTABLISH A FINANCIAL INCENTIVE PROGRAM LIMITED TO NEW RETAIL ESTABLISHMENTS LOCATING IN THE CITY EAST OF INTERSTATE 5 AND
APPROVE BUDGET AMENDMENT
Home occupational businesses, retail service providers, mobile food wagons/ vendors, and businesses whose primary sales include fuel, alcohol, tobacco, cannabis, and/ or smoking devices are not eligible for the Retail Incentive Program.
Business entities granted financial assistance under the Retail Incentive Program must be consistent with the Zoning Ordinance, General Plan, applicable specific plan, building codes, sign ordinances, and development & design standards of the City of Lathrop.
The Program shall be administered by the Economic Development Administrator Program Administrator) or City Manager' s designee. The Program Administrator will review the application( s) for completion and eligibility in accordance with the guidelines.
REASON FOR RECOMMENDATION:
Staff recommends that City Council consider the proposed resolution to establish a Retail Incentive Program and approve a related budget amendment.
FISCAL IMPACT:
If approved, Measure D - Economic Development Fund, Citywide Account would be the funding source for the proposed Retail Incentive Program with the following budget amendment for FY 2024/025 and creation of project number GG 25- 177:
Increase Transfer Out - 2440- 9900-90- 9010
Increase Transfer In - 3010- 9900- 393- 0000 GG 25. 17 $ Increase Expense - 3010- 8000- 440-- 0 GG 25- 17 $
ATTACHMENTS:
A. Resolution to establish a Retail Incentive Program and approve related budget amendment
B. City of Lathrop East of Interstate 5 Planning Areas Retail Incentive Program CITY MANAGER' SREPORT PAGE 4
JANUARY 13, 2025 CITY COUNCIL REGULAR MEETING
ESTABLISH A FINANCIAL INCENTIVE PROGRAM LIMITED TO NEW RETAIL ESTABLISHMENTS LOCATING IN THE CITY EAST OF INTERSTATE 5 AND
APPROVE BUDGET AMENDMENT
APPROVALS:
rl-2_6ZS
Shelley Burch Date
Economic Development Administrator
l/7/ Zv2>
Thomas Hedegard Date
Deputy City Manager
7-z® z,SSalvador Navarrete Date
City Attorney
1.8.2-5
Step en 3. Salvatore Step Date
City Manager
RESOLUTION NO. 25-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LATHROP TO
ESTABLISH A RETAIL INCENTIVE PROGRAM, AND APPROPRIATE A DOLLAR
APPROVE RELATED BUDGET AMENDMENT
WHEREAS, City Council desires to enhance economic development opportunities to attract retail and entertainment entities that offer shopping, full - service dining, entertainment, and/ or recreational venues for residents and tourism promotion; and
WHEREAS, the proposed Retail Incentive Program offers financial assistance in the form of a credit -based grant payable toward eligible city fees related to a business license, tenant improvements of an existing space, or construction of new building; and
WHEREAS, Measure D - Economic Development Fund - Citywide Account shall be used as the source of funding for the proposed Retail Incentive Program; and WHEREAS, Council designates the City Manager as the approving authority to transfer appropriated funds to the respective City fees awarded through the proposed Retail Incentive Program.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lathrop hereby establishes the Retail Incentive Program as described in Attachment B to the staff report that accompanied this resolution; and BE IT FUTHER RESOLVED that the City Council finds the use of Measure D as a funding mechanism for the proposed Retail Incentive Program to be consistent with the voter approved ballot measure; and
BE IT FURTHER RESOLVED that the Council authorizes the following FY 2024/025 budget amendment and creation of project number GG 25- 177 to fund the Retail Incentive Program:
Increase Transfer Out — 2440- 9900-90- 9010
Increase Transfer In — 3010- 9900- 393- 0000 GG 25- 17 $ Increase Expense — 3010- 8800- 440-- 0 GG 25- 17 $
Resolution No. 25- Page 1 of 2
PASSED AND ADOPTED this 13t" day of January 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
PAUL AKINJO, MAYOR
ATTEST: APPROVED AS TO FORM:
Teresa Vargas, City Clerk Salvador Navarrete, City Attorney Resolution No. 25- Page 2 of 2
ATTACHMENT B
CITY OF LATHROP
EAST OF INTERSTATE 5' PLANNING AREAS
RETAIL INCENTIVE PROGRAM
SECTION I — Purpose
Retail Incentive Programs are generally meant to stimulate the private sector to invest in a community and to enhance a city' s economic development efforts to attract unique retail and entertainment entities that offer shopping, full -service dining, entertainment, and/ orrecreational venues for its residents and tourism promotion.
Lathrop' s
Retail Incentive Program is meant to attract new investment dollars from retailers that are not currently located within its city limits. The Program offers a financial incentive in the form of a credit - based grant ( Grant) payable toward eligible city fees related to a business license, tenant improvements of an existing space, or construction of a new building. The Grant is meant to reduce the start- up expenses for a new retail business located within the City of Lathrop' sProgram Target Area, also identified as East of Interstate 5 Planning Areas.
The Program shall be administered by the Economic Development Administrator (" Program Administrator") or the City Manager' s designee.
SECTION II — Program Elements
A. Goals and Objectives
i. To attract commercial retail businesses that offer shopping, full -service dining, entertainment, and/ or recreational venues to Lathrop.
ii. To enhance opportunities to bring tourism into the community. iii. To provide residents with the opportunity to shop, dine, recreate, and be entertained closer to home.
iv. To strengthen the commercial environment to allow economic vitality within the community, while complementing the region.
B. Eligibility and Thresholds
To be an " eligible applicant" for Lathrop' s
Retail Incentive Program, a business must meet the
following criteria:
i. Business Eligibility
a. A new retail business not currently operating within Lathrop' scity limits. b. Business categories that are eligible to apply for the Retail Incentive Program include:
i. Retail establishments that sell goods to consumers and patrons ii. Full - service restaurants
iii. Entertainment and recreational entities
1 Measure D limits allocation of money from the Citywide Economic Development Fund to the east side of Interstate
5. (Document # 2003- 069319, Official Records of County of San Joaquin Dated 3/1/ 2003, "2003 Amended and Restated Development Agreement By and Between Califia, LLC, a California limited liability company, The Cambay Group, Inc., a California Corporation, and the City of Lathrop, a municipal corporation, dated February 4, 2003., Section 7. 05.1 Economic Development Fee)
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
iv. Small business retailers, entertainment or recreational entities with at least 3 fulltime employees c. Business must seek to be based physically within a permitted commercially zoned location identified within the Program Target Area. (Refer to Section VI) ii. Property Eligibility/ Ineligibility
a. Business must be physically based in a permitted commercial zone within the City of Lathrop' s Program Target Area. (Refer to Section VI)
b. Retail tenants occupying existing building/ space with a minimum of a 5 -year lease commitment.
c. The following business categories are excluded from this program:
1. Home occupational businesses.
2. Retail service industries.
3. Businesses whose primary sales include fuel, alcohol, tobacco, cannabis, and/ or smoking devices.
4. Mobile food wagons and vendors.
d. Construction or tenant improvements on buildings used solely for office and/ or storage are ineligible for use of financial incentive.
C. Retail Incentive Program Categories
i. New Construction
A qualified entity that builds a new structure for the purpose of housing its operations may apply for a financial incentive payable toward eligible City Capital Facility fees. The Retail Incentive may award a credit up to 50% of the total eligible City Capital Facility fees with a maximum of $250, 00 per entity. Any Retail Incentive awarded under this category will be credited to the applicable City Capital Facility fees at the time of Building Permit Issuance. Retail Incentive awards shall not be applied to Non -City fees. ii. Existing Building/ Space — Tenant Improvements
A qualified entity that conducts tenant improvements to accommodate its operations may be eligible for a credit up to 75% financial incentive, up to a maximum of $25, 000 per entity, to be credited toward applicable building permit and plan check fees. Payment of the credit - based grant will be applied toward eligible City fees upon payment of invoice for Building & Plan Check application.
iii. Existing Building/ Space — No Tenant Improvements
A qualified entity, with a minimum 5 -year lease on an existing building or space, that does not require any tenant improvements, may apply for a financial incentive payable as a credit toward the business license fee for up to five future years. Any Retail Incentive awarded under this category will be applied as a fee credit at issuance of business license and upon annual renewal for four consecutive years.
All property improvements made under this program must be consistent with the Zoning Ordinance, General Plan, applicable specific plan, building codes, sign ordinances, and development & design standards of the City of Lathrop.
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
SECTION III — Funding
The City of Lathrop reserves the right to cancel or modify the Retail Incentive Program at any time without notice. Continuation of the Program is subject to sufficient funding as appropriated by the Lathrop City Council.
A. Funding Source and Availability
Funding for this Program is appropriated by the Lathrop City Council as part of its bi- annual budget process from Measure D' s Citywide Economic Development Fund. There is no guarantee of the amount of funds that will be allocated each year. Funds for the Program shall be available on a first -come, first -serve basis. All financial assistance through the Retail Incentive Program is strictly subject to the availability of program funds. All payments made by the City under the terms of the Retail Incentive Program shall be applied as a credit toward a portion of the City fees incurred by the applicant' sproject.
B. Credit - Based Grant Awards
i. New Construction
A qualified entity that builds a new structure, within the Program Target Area, for the purpose of housing its operations may apply for a Retail Incentive. The Retail Incentive for new construction shall be applied in the form of a credit -based grant payable toward eligible City Capital Facility fees. The Retail Incentive may offer a credit of up to 50% of the eligible City Capital Facility fees, not to exceed a maximum of $250, 00 per entity. Payment of the credit - based grant will be applied toward eligible City fees at the time of Building Permit Issuance.
Eligible City Capital Facility fee categories will be limited to: Development impact fees payable to the City of Lathrop for facilities and infrastructure related to municipal service, irrigation, water, sewer, stormwater, and transportation.
ii. Existing Building/ Space — Tenant Improvements
A qualified entity that locates in an existing building/ space, within the Program Target Area, that requires tenant improvements to accommodate its operations may apply for a Retail Incentive. The Retail Incentive for existing building/ space shall be applied in the form of a credit -based grant payable toward eligible building permit and plan check fees associated with tenant improvements. The Retail Incentive may offer a credit of up to 100% payment of building permit and plan check fees, not to exceed $ 25, 000 per entity. Payment of the credit - based grant will be applied toward eligible City fees on issuance of invoice for Building & Plan Check application.
Eligible building permit and plan check fees will be limited to: Building permit, electrical, plumbing, mechanical, energy and disable fees.
iii. Existing Building/ Space — No Tenant Improvements
A qualified entity, with a minimum 5 -year lease on an existing building/ space that does not require any tenant improvements, may apply for a Retail Incentive. The Retail Incentive shall be issued as a credit -based grant payable toward business license fees for up to five future years. The Retail Incentive shall apply toward fees at issuance of business license and upon annual renewal for four consecutive years.
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
SECTION IV — Process & Requirements
A. Step One: Application Submittal and Evaluation
Qualifying Applicants must submit a completed application with the required attachments to:
Attention: Economic Development Division, Program Administrator City of Lathrop
390 Towne Centre Drive
Lathrop, CA 95330
ORSend via email to: econdev@ci. Iathrop. ca. us with Retail Incentive Program in the subject line.
Applications will be deemed complete if a submittal includes the following:
1. Completed and signed application.
2. Description of the proposed tenant improvements or new construction.
3. Estimated projected schedule to completion of proposed tenant improvements or new construction.
4. Copy of executed lease reflecting at least a 5 -year commitment for existing building/ space not requiring tenant improvements.
Applications that do not include all required documents upon submission will be deemed incomplete and returned unprocessed to applicants.
B. Step Two: Notification of Approval or Notice of Denial The City will notify applicants in writing of conditional approval or denial of grant incentive by mail or email within 10 business days of an application being deemed complete.
C. Step Three: Conditions of Award
1. Time Limit Requirements
Once the Retail Incentive award receives final approval, the applicant shall diligently pursue completion of the project and successfully receive the Certificate of Occupancy within a reasonable timeframe as listed below:
New Construction — within 2 years of Grant Award Notification.
Existing Building w/ Tenant Improvements — within 1 year of Grant Award Notification.
Existing Building w/ o Tenant Improvements — within 6 months of Grant Award Notification.
2. Time Extension Requests
a) A request for a time extension must be made by writing to the Program Administrator.
b) The request must state the reasons for the time extension. c) The request must be received by the Program Administrator prior to the deadline for the completion of the project as referenced above.
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EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
Notwithstanding anything to the contrary contained herein, if a Certificate of Occupancy is not successfully obtained within the noted timeframe as outlined in Section IV. C. 1., and no time extensions have been granted, participation in this program may be canceled at the discretion of the Lathrop City Council, and applicant will be invoiced for the financial incentive applied toward City fees.
D. Step Five: Permits & Business License
Applicant or his/er authorized agent shall obtain all applicable permits for proposed new construction or tenant improvements prior to any work beginning. A business license must be obtained prior to the issuance of the Certificate of Occupancy.
E. Step Six: Payment of Credit - Based Grant Award
All credit -based grant awards will be completed through internal transfer of funds from the City' s Measure D — Economic Development Fund' s Citywide Account to the appropriate fee category or payment of business license on behalf of the grant recipient. Funds will be applied as described in Section III. B.- Funding. Any awarded financial incentive shall not be issued as direct payment to the recipient.
Contact Information
For additional information about this program or to schedule a meeting with City staff to discuss your project, please contact the Economic Development Division at (209) 941- 7221 or by email to econdev@ci. lathrop. ca. us. 5IPage
CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
SECTION VI — Program Target Area
In accordance with Measure D2 provisions, the program boundaries are limited to commercially zoned areas located within Lathrop city limits east of Interstate 5. Please refer to the City' s Zoning map below or on the City' s website for zoning designations.
CITY PROPER
R- 14 R One Family Residential
Rte; R- 1-&: R One Family Residential
N. RM. 2. MuIt- Famiy Resale -nee,
CC, Central Commercial
CH. Highway Commercial
77 CN, Neighborhood Commercial
CS. Commercial Service
i IG. General lnduskiei
Palk
OP, Public ! OtaiN- Po6Lc
ENTRALLATHROP
VR- CL, Variable Density Residential
RtMU- CL Residenlia, Mlxod Use.
HR - CL.. High Density Residential
CO -CL, Conmerciai ( Hike
Neghborhoon Conn ercial
OS -CL, Open Space
CL, Part
CL, limited Industrial
P/ SP- Cl., Pbulc 1 Semi. Publis
IAOSSDALE VILLAGE
Rl: MV, low Density Residential - Mossde/ e
Viiiaga
RM. MV. Mederm ( density Residential - Mossdate Vila:,
RH- MV, High Density Residential - Mossdale Vi L g
CH -MV, Highway Commercial - Mossdale
CS -MV, Service Commercial - Mossda%o VAtap
CV -MV, Vidage Co ,, *- mecia Mossdata Virlage
OS -MV Open Spare - MossdelVillage
MV Park - Mussdale Village
LATHROP GATEWAY
CO- LG. Commercial OR
CS- LG, Commercial Service
SOUTH LATHROP SPECIFIC PLAN
CO -SL, Commercial Office
PE" 5L. Public Facilities
OS -SL, Open Space
a VER ISLANDS
RL-I, Residential Low
RM-I, Residental Medium
RH-I. Residential Hgh
CR- RI. Regional Commercial
TOD- RI, Transit Oriented Developr
MU -RI. Mixed Use Town Center
RCO/ OS. RI. Resource Conservation and Open Speer
OS/ P- RI, Open SpacesrPublic Uses
1 TEWART TRACT
RST, Residential
C- REC- ST, Commercial Recreation
CO - ST. Resource Cementation and Open Spa.
tkta, Ctrs., vx
Ce' er Cky Limits
Parcels
2 Measure D limits allocation of money from the Citywide Economic Development Fund to the east side of Interstate S. (Document # 2003- 069319, Official Records of County of San Joaquin Dated 3/1/ 2003, "2003 Amended and Restated Development Agreement By and Between Califia, LLC, a California limited liability company, The Cambay Group, Inc., a California Corporation, and the City of Lathrop, a municipal corporation, dated February 4, 2003., Section 7. 05.1 Economic Development Fee)
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
Definitions:
CITY CAPITAL FACILITY FEES: City Capital Facilities Fees are fees established to mitigate the impacts of new development. These fees are used to finance city infrastructure and municipal facilities, such as water, sewer, storm, transportation and municipal buildings.
CERTIFICATE OF OCCUPANCY: A legal document issued by City officials that proves property is safe and meets code and usage requirements.
COMMERCIAL ZONE: Areas of the city specifically set aside for commercial businesses. The City of Lathrop' s Municipal Code defines the types of businesses allowed to locate within a commercially designated zone.
ELIGIBLE APPLICANT: An applicant who meets the eligibility requirements for a particular program.
GRANT CREDIT AWARD: Grant recipients will receive financial credit toward eligible city fees, based on applicable incentive program, thereby reducing start- up costs to the business.
NEW CONSTRUCTION: A qualified business that constructs a new building in which to operate.
NoN- CITY FEES: A one- time fee paid at the time of development or redevelopment that is received by a governing agency outside of the City government. Such fees may include, but are not limited to, agricultural mitigation, levee mitigation, habitat conservation, regional transportation, County capital facility fee, Fire fees, School fees, and Air District fees.
PROGRAM TARGET AREA: An area defined with specific boundaries to show the location of program eligibility.
QUALIFIED ENTITY: A business that engages in the selling of goods to customers, full -service restaurants, entertainment, and recreational uses.
RETAIL SERVICE INDUSTRIES: A business that provides or offers a service to the benefit of their customers or patrons. Service industries may include, but are not limited to, communications, healthcare, finance, hospitality, education, repair, and salons.
SMALL BUSINESS: A new retail entity with at least 3 full- time employees.
TENANT IMPROVEMENTS: Improvements to an existing building or space that require a building permit to be issued by the City.
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
APPLICATION
Project Information
Date Submitted:
Project Start Date: Project Completion Date:
Estimated No. of Jobs: Total Estimated Project Cost:
Business Information
Applicant Name:
Contact Phone #: Email:
Business Name:
Business Address:
Mailing Address:
Property APN:
Lease Term
if applicable):
Property Owner Information
Name:
Contact Phone #: Email:
Address:
Detailed Project Description & Goal
Attach separate sheet if needed)
Proposed Project
select one):
New Construction
Existing Building w/ Tenant
Improvements
Existing Building w/ o Tenant
Improvements
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CITY OF LATHROP
EAST OF INTERSTATE 5 PLANNING AREAS
RETAIL INCENTIVE PROGRAM
Signature Page
General Conditions: Applicant agrees and acknowledges the following terms and conditions in addition to those listed in Section IV — Process and Requirements of this application:
WAIVER. The undersigned understand and agree that the City of Lathrop (" City") and its officers, agents, and employees shall have no responsibility or liability for any failure or inadequacy of performance by person or firm contracting, subcontracting or employed to perform any part of the aforesaid improvement work, including architect, nor for any defective workmanship or materials involved therein, and hereby expressly waives any and all claims, rights or demands against the City, its agents or employees.
INDEMNIFICATION. The undersigned shall indemnify, defend and hold harmless City from and against any and all claims, liabilities, losses, damages, costs and expenses resulting out of the acts or omissions of the borrower or the borrower' scontractors, subcontractors, or employees of the undersigned, pertaining to the aforesaid improvement work or the use or operation of the property.
APPLICANT ACKNOWLEDGEMENT AND AGREEMENT
1. The applicant is solely responsible for all safety conditions and compliance with all safety regulations, building codes, ordinances, and other applicable regulations.
2. Applicants must have a current Business License to conduct business at the address where new construction or tenant improvements are to occur.
3. All new construction and property improvements made under this program must be consistent with the City' s Zoning Ordinance, General Plan, and any design guidelines designated by applicable specific plan. As with any other project, the property improvements under this program must also adhere to all applicable building codes, sign ordinances, and development design standards for the City of Lathrop. Any code violations must be corrected before reimbursement funding is released.
4. The applicant authorizes the City of Lathrop to promote an approved project, including but not limited to displaying a sign at the site, during and after construction, and using photographs and descriptions of the project in City of Lathrop materials and press releases.
5. The applicant understands and acknowledges the City of Lathrop reserves the right to make changes and/ or additions to conditions of the Retail Incentive Program as it deems necessary.
6. If at any time you wish to withdraw your application, you must notify the City of Lathrop' s Economic Development Division in writing at 390 Towne Centre Drive, Lathrop, CA 95330, as soon as possible.
7. The City reserves the right to issue an invoice for repayment of financial incentive awarded to the recipient if Certificate of Occupancy is not achieved within allotted timeframe indicated in Section 4. C. — Issuance and Conditions of Award.
8. The applicant has read and understands the program description and agrees to its terms.
Applicant and Property Owner Signatures
Print Applicant Name Applicant Signature Date
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