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3.01.085 Economic Development Assistance

A. Upon application to the City Manager, the City Manager may refund an amount not to exceed seventy-five percent (75%) of the sales and use tax actually paid to the City by the applicant in the construction or renovation of one or more buildings within the City, pursuant to Section 3.01.220, if such refund, based on findings by the City Manager, will further the economic goals of the City as set forth in Section 3.26.010 of the Lakewood Municipal Code. Said findings shall be made in writing.
B. Upon application to the City Manager, the City Manager may refund an amount not to exceed thirty percent (30%) of the use tax on tangible personal property actually paid to the City by the applicant for a period not to exceed six (6) years, pursuant to Section 3.01.220, if such refund, based on findings by the City Manager, will further the economic goals of the City as set forth in Section 3.26.010 of the Lakewood Municipal Code. Said findings shall be made in writing. (Ord. O-98-33 § 1, 1998).