§ 3.14.165 — Refunds—Agua Mansa enterprise zone

3.14.165 - Refunds—Agua Mansa enterprise zone.

A. A refund in accordance with the following schedule of utility user's taxes due and paid under the provisions of this chapter for utility services rendered on or after the operative date of this section shall be made as hereinafter provided to those new industrial or commercial developments located within that portion of the Agua Mansa enterprise zone lying within the corporate limits of the City of Riverside, excluding retail firms, and to those existing industrial or commercial developments located within that portion of the Agua Mansa enterprise zone lying within the corporate limits of the City of Riverside, excluding retail firms, which have expanded after the operative date of this section and which expansion results in an increase of ten percent in the number of permanent jobs for that business at that location subject to a minimum increase of five additional jobs. The schedule of refunds for each qualifying business is as follows: A refund of 75 percent in the first year following the opening of a new business or the expansion of an existing business; a refund of 50 percent in the second year; and a refund of 25 percent in the third year. No refunds shall be given in the fourth or any following year. B. To claim a refund, the claimant must submit a verified claim in writing to the Department of Finance at City Hall upon a form provided by the Tax Administrator and with such supporting documentation as may be required by the Tax Administrator to establish the amount of utility user's taxes paid by the claimant for the period claimed, and the commencement date of the "first year" as that term is used herein. A claim for refund shall be submitted annually not later than three months after the close of the year for which such refund is sought. The verified claim must be signed by an authorized officer of the claimant. The claim will be paid in accordance with the City's usual accounting procedures following the approval of the claim by the Tax Administrator as being in conformance with the provisions of this section. C. "First year" as used in this section shall mean for a new industrial or commercial development the 12-month period immediately following the date of commencement of business at the location for which a claim for refund is filed; and for the expansion of an existing business, the 12-month period immediately following the date the required number of additional employees report to work at the location for which a claim is filed. D. "Retail firms" as used in this section shall mean those firms or businesses which derive 50 percent or more of its gross receipts from direct and final sales of goods or services to the public. E. The boundaries of that portion of the Agua Mansa enterprise zone lying within the corporate limits of the City are described as follows: Beginning at the City limit at the intersection of Market Street and the Santa Ana River, southerly along Market Street to the centerline of Highway 60, thence southwesterly along the centerline of Highway 60 to Spruce Street, thence easterly along Spruce Street to the Southern Pacific Railroad track, thence northerly along the Southern Pacific Railroad track, to the Riverside City limit, thence westerly following the Riverside City limits to Market Street.

(Ord. 5427 § 1, 1986)