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Industrial District Development 7-15-4299

Industrial District Development 7-15-4299 Identify the district Public Hearing Ordinance to create the industrial district for industrial infrastructure projects Industrial District Development Boundaries must be continuous and accurately described and reasonable

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Industrial District Development 7-15-4299

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  1. Industrial District Development 7-15-4299 Identify the district Public Hearing Ordinance to create the industrial district for industrial infrastructure projects

  2. Industrial District Development • Boundaries must be continuous and accurately described and reasonable • Zoned for light or heavy industrial and consistent with Master Plan • Cannot include property in an existing urban renewal area • Must be deficient in infrastructure for industrial development

  3. Industrial District Development • Purpose must be to develop infrastructure to encourage growth and/or retention of secondary value added industries • Designed not to serve single district tenant* • Can use tax increment financing pursuant to MCA 7-15-4288 through 4993 • Plan? *2006 Legislative amendment

  4. Technology Infrastructure District Development 7-15-4295 • Identify the district • Deficient in infrastructure improvements • Public Hearing • Ordinance to create the district for development of infrastructure for location and retention of technology development projects

  5. Technology Infrastructure District Development • Tenants must be engaged in technology-based operations that create new wealth and for which at least 50% of sales occur outside of Montana • Or is a manufacturing company with at least 50% sales to other Montana companies that have 50% of their sales outside of Montana

  6. Technology Infrastructure District Development • Must consist of continuous area with accurately described and reasonable boundaries • Zoned in accordance with Master Plan or Growth Policy • Cannot include property in an existing urban renewal area or industrial development district

  7. Technology Infrastructure District Development • Prior to adoption, must adopt comprehensive development plan to insure diversified tenant base • Can use tax increment financing pursuant to MCA 7-15-4288 through 4993

  8. Aerospace and Technology Infrastructure District Development 7-15-4296 • Identify the district • Consists of continuous area with accurately described reasonable boundaries • Is zoned in accordance with Master Plan • Cannot include property in an existing urban renewal area or industrial development district • Deficient in infrastructure or industrial development

  9. Aerospace and Technology Infrastructure District Development • Purpose to develop infrastructure to encourage the location and retention of aerospace transportation infrastructure and aerospace technology infrastructure • Ordinance to create the district for development of infrastructure for location and retention of technology development projects • Can use tax increment financing pursuant to MCA 7-15-4288 through 4993

  10. Industrial and Technology District Projects and Programs Things you can do with tax increment! • land acquisition • demolition and removal of structures • relocation of occupants • acquisition, construction, and improvement of infrastructure that includes streets, roads, curbs, gutters, sidewalks, pedestrian malls, alleys, parking lots and off-street parking facilities, sewers, sewer lines, sewage treatment facilities, storm sewers, waterlines, waterways, water treatment facilities, natural gas lines, electrical lines, telecommunications lines, rail lines, rail spurs, bridges, spaceports for reusable launch vehicles with associated runways and launch, recovery, fuel manufacturing, and cargo holding facilities, publicly owned buildings

  11. Industrial and Technology District Projects and Programs • acquisition of infrastructure-deficient areas or portions of areas • administrative costs • assemblage of land for development or redevelopment by private enterprise or public agencies • Infrastructure feasibility/engineering studies • connection to existing infrastructure outside the district • Assistance through projects to secondary, value-adding industries to assist in meeting their infrastructure and land needs within the district • acquisition, construction, or improvement of facilities or equipment for reducing, preventing, abating, or eliminating pollution.

  12. Industrial and Technology District Programs • Public building programs • Low cost land or leasing programs • Build and lease programs • Job creation credits • Specialized construction & operations • Design-build • Sole source • Gap financing loan programs?

  13. Industrial and Technology District Projects Examples • ASiMI • Direct TV • Stream International • Hardin Power Plant

  14. Industrial and Technology District Projects and Programs

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