Thank you for applying to the North Lake Tahoe Economic Development Incentive Program. The program offers a variety of costs offsets based on project categories. The categories are as follows: Project category 1: Cost offsets for new accommodation projects, or renovation of existing accommodations with a building permit value greater than $500,000. Project category 2: Renovation of existing accommodations with a building permit value less than $500,000.
Items I-III below are provided to assist applicants in preparing for the introductory meeting with County staff. The introductory meeting is intended to give the applicant early feedback regarding how a proposed project may or may not meet evaluation criteria for the Program. This first step is meant to inform applicants as to the general attributes the incentive program is designed to promote in a timely and inexpensive manner prior to completing the formal North Lake Tahoe Economic Development Incentive Program Project Application or Questionnaire.
As is common with economic incentive programs, the evaluation process includes subjective and objective criteria. County staff is committed to being as thorough as possible, based on the information provided by the applicant.
Questionnaire: Project category 2: Renovation of existing accommodations with a building permit value less than $500,000.
(Required for Tier 1 and Tier 2 Lodging Renovation Projects only)
A. Project involves property in the North Lake Tahoe Basin portion of unincorporated Placer County that was occupied and used as a hotel/motel within the 10-year period preceding application submission and operating continuously for the three-year period preceding application submission, with a valid TOT certificate.
B. The proposed project improves the quality of the lodging property and its ability to achieve increased TOT revenue.
C. Applicant has reviewed, understands and agrees with all requirements detailed in Section 2 of the North Lake Economic Development Incentive Program, and proposed project meets the standards of Tier 1 or Tier 2.
Please complete sections I-III below. It is not required to complete each question but applicants are encouraged to clearly demonstrate how the project addresses the Tahoe Basin Area Plan and Economic goals.
PROJECT DESCRIPTION AND HOW IT ALIGNS WITH THE FOLLOWING:
• Tier 1 - $100K - $250K
• Tier 2 - $251K – 500K
• Annual average occupancy rate
• New ADR
• Change annual average occupancy rate anticipated?
Briefly explain your experience in the categories below.
I/we certify that there are no current code enforcement actions pending against the applicant in the Tahoe Basin, Placer County, or surrounding region.
I/we certify that the property/project is currently compliant with, and in good standing, with Placer County Revenue Services, and is up to date with all payments of TOT tax.
I/we have completed this Questionnaire completely and truthfully.
I/we have reviewed the program guidelines and procedures, have familiarity with the responsibilities of each party and understand that:
• The Economic Incentive Program is designed as a cost offset program and an applicant who partakes in the program may be bound by agreements with Placer County, including but not limited to an Operating Covenant recorded with the property
• The County shall not assume any liability for such agreements, except as specifically authorized by the subsequent agreement
• This Questionnaire in no way constitutes any type of offer, and creates no contractual obligation and/or other liability to Placer County
• The County, at its sole discretion, reserves the right to consider developer/applicant’s participation in the program
• Have provide County with copies of:
1. Approved permit and Building Permit
2. Contract with CA licensed contractor
3. Copy of contractor license
4. Letter of Good Standing from Revenue Services, and all TOT remittance is current
I/we have read and understand the program guidelines, accept the qualifications and conditions and by signature below, certify that I/we are qualified and will abide by such conditions set forth in the program and all reasonable conditions imposed by Placer County in the implementation of the program.
By checking the "I agree" box below, you agree and acknowledge that 1) your application will not be signed in the sense of a traditional paper document, 2) by signing in this alternate manner, you authorize your electronic signature to be valid and binding upon you to the same force and effect as a handwritten signature, and 3) you may still be required to provide a traditional signature at a later date.
By submitting this application it will automatically be delivered to Placer County staff. All applicants will be contacted upon review.
This field is not part of the form submission.
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