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A. The following definitions apply in this section:

1. Eligible business means an existing business (meaning a business in operation as of November 1, 2010) with fewer than 20 total full-time equivalent employees.

2. Relocate means to move from one business location in the City to another in the City.

3. Relevant time period means October 2010 through November 1, 2012.

4. Specified fees means building fees, planning fees and engineering fees. Specified fees do not include sign permit fees, system development charges, in-lieu-of fees, fire prevention plan review fees, or the affordable housing surcharge.

B. An eligible business that applies for planning approval or building permits within the relevant time period shall be provided a 50 percent discount on specified fees associated with the application; provided, that the cap on total discounts under subsection (C) of this section has not been exhausted.

C. The total discount to all businesses authorized by this section shall not exceed $50,000. If and when the total amount of discounts provided under this section reaches $50,000, no further discounts will be available. The discount shall be available on a first-come, first-served basis.

D. Funds shall be transferred from the General Fund to fully compensate any fund affected by the discount authorized by this section. [Ord. NS-2170, 2011; Ord. NS-2157, 2011]