§ 115.08. Eligible business or industry.

(a)

Any business or industry as defined in subsection 115.04(3)3, and as determined by the city council [may be considered eligible].

(b)

When considering the issue of whether or not a business or industry is an eligible business as defined herein, the city council shall consider the anticipated number of employees, average wage, type of industry or business, environmental impacts, volume of business or production or any other information relating to the issue of whether the proposed development would significantly improve economic development in the city prior to adopting the ordinance granting the exemption. The length of the exemption and the percentage amount of the exemption shall be formulated by the city council in the ordinance granting the exemption.

(Ord. No. 10-55, § 8, 11-22-10)