Compliance Report for AB 562
Background
On October 11, 2013, California's Governor Brown signed into law Assembly Bill 562 related to Economic Development subsidies. The Bill states that on and after January 1, 2014, each local agency shall, before approving any Economic Development Subsidy within its jurisdiction, provide all of the following information in written form available to the public, and through its Internet Website, if applicable:
(1) The name and address of all corporations or any other business entities, except for sole proprietorships, that are the beneficiary of the economic development subsidy, if applicable.
Notices
Below are Morgan Hill's status report on all agreements that are subject to AB 562.
January 18, 2017- Public Hearing for Morgan Hill Real Estate LLC Incentive Agreement
- City Council Memorandum (PDF)-Morgan Hill Real Estate LLC (draft as of 01/04/2017)
- Resolution (PDF)-Morgan Hill Real Estate LLC (draft as of 01/04/2017)
- Incentive Agreement (PDF)-Morgan Hill Real Estate LLC (draft as of 01/04/2017)
- City Council Memorandum (PDF)-Cochrane Co-Brands II Sewer & Traffic Impact Fee Financing Agreement (draft as of 07/07/2017)
- Resolution (PDF)-Cochrane Co-Brands II (draft as of 07/07/2017)
- Sewer and Traffic Impact Fee Financing Agreement (PDF)-Cochrane Co-Brands II (draft as of 07/07/2017)
- Impact Fee Estimate for Cochrane Co-Brands II (PDF)
- City Council Memorandum
- Sewer and Traffic Impact Fee Financing Agreement
- Impact Fee Estimate for Bridge Group Investments
July 15, 2020- Ford Store Tax Incentive Agreement consistent with the 2002 Automobile Dealership Incentive Policy
- City Council Memorandum (PDF)
- Incentive Agreement (PDF)
September 23, 2020- Morgan Hill Car Wash Sewer and Traffic Impact Fee Financing Agreement
- City Council Memorandum
- Sewer and Traffic Impact Fee Financing Agreement
- Impact Fee Estimate for Morgan Hill Car Wash
December 2, 2020- TSC Motors Tax Incentive Agreement consistent with the 2002 Automobile Dealership Incentive Policy
- City Council Memorandum (PDF)
- Incentive Agreement (PDF)