City of Long Beach - File #: 30918_000

• File #: 30918_000
• Version: 1
• Name: GENERAL PETROLEUM CORPORATION - LOCATION AGREEMENT
• Type: Conformed Contract
• Status: CCIS
• File created: 11/12/2008
• In control: City Clerk
• On agenda: 9/16/2008
• Final action: 9/16/2008
• Title: LOCATION AGREEMENT: CITY TO INCENTIVIZE THIRD PARTY COMPANIES TO LOCATE RETAIL SALES OFFICE &/OR BUYING COMPANY IN CITY. CITY TO PAY INDUCEMENTS TO THIRD PARTY COMPANIES BASED ON PERCENTAGE OF LOCAL SALES TAX REVENUES TO BE GENERATED FOR CITY BY THIRD PARTY COMPANIES IN CITY (LOCATION AGREEMENT PROGRAM IS DESIGNED TO ATTRACT NEW BUSINESSES, CREATE JOBS & ENHANCE BUSINESS-TO-BUSINESS SALES TAX REVENUE TO CITY)
• Sponsors: Financial Management
• Indexes: Agreements
• Related files: 08-0940

Date	Ver.	Action By	Action	Result
9/16/2008	1	City Council	authorize City Manager

TITLE

LOCATION AGREEMENT:  CITY TO INCENTIVIZE THIRD PARTY COMPANIES TO LOCATE RETAIL SALES OFFICE &/OR BUYING COMPANY IN CITY.  CITY TO PAY INDUCEMENTS TO THIRD PARTY COMPANIES BASED ON PERCENTAGE OF LOCAL SALES TAX REVENUES TO BE GENERATED FOR CITY BY THIRD PARTY COMPANIES IN CITY (LOCATION AGREEMENT PROGRAM IS DESIGNED TO ATTRACT NEW BUSINESSES, CREATE JOBS & ENHANCE BUSINESS-TO-BUSINESS SALES TAX REVENUE TO CITY)