Compliance Report for AB 562

Assembly Bill 562 states that on and after January 1, 2014, each local agency shall, before approving any Economic Development Subsidy within its jurisdiction, provide information in written form available to the public. Further background is available below the City's Notices.

Public Notices

2024

July 2, 2024
Lawson’s Bakery Sewer and Traffic Impact Fee Financing Agreement

June 26, 2024

2023

June 21, 2023
Mersho Investments LLC Impact Fee Freeze Agreement

June 21, 2023
Cutina Morgan Hill Impact Fee Freeze Agreement and Sewer and Traffic Impact Fee Financing Agreement 

March 15, 2023
John Michael Monaco and Nora Gayle Monaco Revocable Living Trust Sewer and Traffic Impact Fee Financing Agreement

2021

September 10, 2021
Alara Cellars LLC Sewer and Traffic Impact Fee Financing Agreement

2020

December 2, 2020
Agenda and information, starting on page 222:
TSC Motors Tax Incentive Agreement consistent with the 2002 Automobile Dealership Incentive Policy, City Council Memorandum, Incentive Agreement.

September 23, 2020
Agenda and information, starting on page 7:
Morgan Hill Car Wash Sewer and Traffic Impact Fee Financing Agreement, City Council Memorandum, Impact Fee Estimate for Morgan Hill Car Wash.

July 15, 2020
Agenda and information, starting on page 219:
Ford Store Tax Incentive Agreement consistent with the 2002 Automobile Dealership Incentive Policy, City Council Memorandum, and Incentive Agreement.

2018

October 17, 2018
Bridge Group Investments Sewer and Traffic Impact Fee Financing Agreement

2017

July 19, 2017
Public Hearing for Cochrane Co-Brands II Sewer and Traffic Impact Fee Financing Agreement

January 18, 2017
Public Hearing for Morgan Hill Real Estate LLC Incentive Agreement

Background

On October 11, 2013, California's Governor Brown signed into law Assembly Bill 562 related to Economic Development subsidies. The Bill states that on and after January 1, 2014, each local agency shall, before approving any Economic Development Subsidy within its jurisdiction, provide all of the following information in written form available to the public, and through its Internet Website, if applicable:

(1) The name and address of all corporations or any other business entities, except for sole proprietorships, that are the beneficiary of the economic development subsidy, if applicable.

(2) The start and end dates and schedule, if applicable, for the economic development subsidy.
(3) A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenue lost to, the local agency as a result of the economic development subsidy.
(4) A statement of the public purposes for the economic development subsidy.
(5) Projected tax revenue to the local agency as a result of the economic development subsidy.
(6) Estimated number of jobs created by the economic development subsidy, broken down by full-time, part-time, and temporary positions.