VACAVILLE — Housing and jobs.
Two big issues for any city and they’re both on the agenda for the Vacaville City Council at Tuesday’s regular meeting, set for 7 p.m. at the Council Chambers, 650 Merchant St.
After extensive public comments at the previous meeting, the council is set to consider the Vanden Meadows specific plan and a number of resolutions and ordinances that would approve the 939-unit housing project in the southeast corner of town.
The plan involves a massive housing development along with a 28-acre school site and a city park, all located south of the South Town neighborhood.
Bordered on the east by Leisure Town Road, on the west by Nut Tree Road and by Foxboro Road on the south, the new development has raised major concerns about the increase in traffic on the existing thoroughfares as well as smaller neighborhood streets.
Neighbors from the surrounding areas addressed the council about that issue at the Sept. 10 meeting and more public comment is expected at Tuesday’s meeting.
Also on the agenda is a resolution approving an agreement between the city and light aircraft manufacturer ICON Aircraft to build a manufacturing and sales facility next to the Nut Tree Airport.
In July, ICON approached the city regarding the plan and City Manager Laura Kuhn was authorized to negotiate with ICON and come up with an agreement.
Part of that agreement involves a sales and TOT tax deal with ICON tied to the number of jobs generated at the facility, which will be used to build the company’s A5 sport light aircraft.
According to staff reports, the 10-year agreement calls for a rebate on sales tax generated by ICON up to 50 percent for the first two years as an incentive for ICON to get the facility up and running.
After the two years, the rebate is tied to jobs with salaries averaging $40,000 per year.
Up to 75 percent of the sales tax could be rebated if 500 full-time equivalent jobs are achieved. If job generation is less, the rebate is reduced, according to the staff report.
The evaluation of jobs and rebate payments would be quarterly as the city receives its sales tax reports.
On the TOT, or hotel taxes, the city would also refund 50 percent of the ICON-generated TOT taxes, using a special promotion code to track the money generated by the manufacturer’s customers and business associates.
The agreement is for 10 years and is automatically renewed for another decade if the 500 jobs are achieved.
Reach Mike Corpos at 427-6979 or email@example.com. Follow him on Twitter at www.twitter.com/mcorposdr.