Title
Raytheon Expansion Economic Development Incentives
Staff recommends the following actions be taken to incentivize Raytheon Missile Systems to expand their Tucson operations:
A. Approve the voluntary restrictions placed on County acquired property to buffer Raytheon. These restrictions are to be placed on any proposed land use of the County property leased or sold to a third party for economic development purposes. These restrictions ensure continued compatibility of the future land uses with Raytheon operations.
B. Approve and support a Foreign Trade Zone (FTZ) application for Raytheon’s existing operations, as well as the expanding operations proposed by Raytheon through a significant capital facility expansion. The FTZ property tax reduction will be subject to US Department of Commerce FTZ requirements, eligibility of Raytheon for said designation, and approval by the US Department of Commerce as an FTZ eligible property for both existing and future expansion facilities. Educational institutions will receive their full pre-FTZ property tax payments.
C. Affirm County initiated and managed transportation capacity improvements to the Aerospace Parkway and Raytheon Parkway to expand traffic capacity and accessibility to Raytheon facilities based on additional employment.
D. Reaffirm and commit to all of the previous actions of the County to facilitate Raytheon expansion and new and increased employment at their Tucson facilities.
E. Pursuant to ARS 11-254.04, authorize the County Administrator to, at the appropriate time, negotiate the sale of the entire property described as County land lying north of the Aerospace Parkway and west of Raytheon Parkway to the City of Tucson. This property will be utilized by Raytheon for the South Entry Control Facility to Raytheon. The sale of the County-owned property will be at the appraised market value and will be funded by the City of Tucson Annexation Fund designed to provide buffer space for Raytheon.