§ 4565.11. Job Creation Incentive Programs Employer Minimum Wage.

(A)

In order to qualify for a Jobs Growth Incentive, a Downtown Office Incentive, and/or a Jobs Creation Tax Credit from the department of development, a recipient of such financial incentive must pay the employees to which the incentive applies a minimum wage of no less than fifteen dollars ($15.00) per hour. All agreements authorized by city council for these programs shall require continued compliance with this minimum wage requirement throughout the term of the agreement.

(1)

Upon the recommendation of the director of development, this provision may be waived only by a vote of city council.

(B)

Any project receiving an offer letter or executed agreement from the department of development prior to December 31, 2018 is exempted from this requirement if the agreement includes terms materially different than those required in this section.

(C)

The director of development shall provide a report annually to city council on or before September 1st detailing the wages of jobs incentivized by the aforementioned programs.

(D)

The Job Creation Incentive Programs Employer Minimum Wage shall be reassessed every three (3) years.

(Ord. No. 3381-2018 , § 1, 12-10-2018)