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4.02 Public Hearing – Vehicle Incentive Program for Auto Rebate to Qualified Westminster Residents and Businesses 8200 Westminster City of Westminster Boulevard Westminster, California 92683 Staff Report File #: 22-402, Item #: 4.2 Meeting Date: October 26, 2022 Westminster City Council SUBJECT ..Title Public Hearing Vehicle Incentive Program for Auto Rebate to Qualified Westminster Residents and Businesses. ..End From: Christine Cordon, City Manager Prepared by: Christine Cordon, City Manager ____________________________________________________________ RECOMMENDED ACTION ..Recommendation Staff recommends that the Mayor and City Council: A. Consider the program terms and participation agreement and provide direction regarding approval and implementation of the program; and B. If approved, implement the Vehicle Incentive Program in an amount not to exceed $600,000 annually for five (5) years; C. Authorize a one-time budget adjustment of $10,000 for the administration of the program and $82,000 for the rebates for the period of April 1 through June 30, 2023 from Account No. 11501-44020; and D. Authorize the City Manager or her designee to execute Participation Agreements, including any minor modifications as appropriate, and any other pertinent documents as necessary. ..end BACKGROUND At the April 26, 2017 regular meeting, the City Council approved an Economic Development Strategic Plan that addressed priorities for economic development. Among the programs that were authorized was a program that provided a rebate to City of Westminster Page 1 of 5 File #: 22-402, Item #: 4.2 Meeting Date: October 26, 2022 Westminster residents who purchased vehicles locally at Westminster dealerships. The program, often was approved at the May 10, 2017 City Council meeting and has since expired as of May 31, 2022. The intent of the original program was to encourage Westminster residents to buy locally and grow the local tax base. The approved program allowed for a rebate in the amount of $500 to be provided to Westminster residents for the purchase of a new or used vehicle. The term of the program was five years or when $3 million of total rebates had been issued. In total, the program provided $1,625,500 in rebates (Attachment 1). Participating auto dealerships had contacted city staff and expressed interest in restarting this program. At the September 28, 2022 meeting, the City Council provided direction to move forward with an economic subsidy report and public hearing, pursuant to Government Code Section 53083. Program Terms Based on evaluating the performance of the expired program, as well as similar programs in nearby cities (Attachment 2), the program as presented includes the following general terms and conditions as outlined in the subsidy report (Attachment 3) and Dealership Participation Agreement (Attachment 4): Program term is five (5) years, commencing April 1, 2023, and is based on funding availability. If the program is extended pursuant to GC Section 53083, the program will be reviewed and reconsidered to analyze the number of vehicles sold or leased, total sum of rebates to Westminster residents and business owners, and if both the vehicle rebate and total program cap are set at appropriate levels for ensuing years. A $500 rebate would be offered to qualified and verified Westminster residents or businesses for the purchase of a new or used vehicle, or for the lease of a new vehicle, from any participating franchised new vehicle dealer including: Elmore Toyota, Lexus of Westminster, Orange Coast Infiniti, and Honda World. Rebate is applied at the time of purchase/lease toward the final purchase/lease of the vehicle. Individual rebates will not be issued directly to the resident or business. Qualifying new vehicles include all purchases of cars or trucks. Motorcycles, off- road vehicles, watercraft, and fleet vehicles are not eligible purchases under this program. Fleet vehicle sales are also excluded from the program. Dealerships must collect and submit all required documentation as proof of residency for qualified Westminster residents and businesses (a copy of one of Page 2 of 5 City of Westminster File #: 22-402, Item #: 4.2 Meeting Date: October 26, 2022 the following: valid operty tax bill, proof of insurance, or bank statement for residents; or a valid business license for business). City will reimburse a participating dealership within 30 days of submittal of a request for reimbursement and of all documentation required to verify the sale of a new vehicle under the Program guidelines. Noted differences between the previous program and the program as presented are the addition of leased vehicles, businesses, and used vehicles. Leased vehicles were not addressed in the previous program and therefore were not eligible for rebates. While the agreement did not address used vehicles, rebates were provided for used vehicles. Provided there are generally more than one driver in a single-family household, the updated program provides a higher limit of rebates per household. Performance and Market Impacts In terms of revenue sources, the approximately 29% of revenue. dealers are ranked among the top overall revenue generators. According to recent data provided by the Orange County Automobile Dealers Association, the average price of a new vehicle in Orange County is $50,654, while the average price of a used vehicle in Orange County is $30,265. The average lease value is $29,820. Owners retain their vehicles on an average of 6.6 years and spend approximately $1,186 annually on maintenance. The Westminster auto dealerships have reported the following average sales numbers for the past five years: Type of Transaction Residents Non-Residents Total Percentage Sold to Residents New Vehicles Sold 678 5,286 5,964 11% New Vehicles Leased 487 1,586 1,848 26% Used Vehicles Sold 597 3,424 4,879 12% Often times the owner of a new vehicle will return to the same dealership for subsequent maintenance, repair and parts, which purchases are subject to sales tax. By encouraging the original purchase to be made in the city, this helps to keep the tax dollars for those subsequent purchases local as well. Furthermore, as a condition of their participation in this program, the dealerships are required to maintain the façades of their buildings and the general condition of their properties. This condition will help to ensure improvements are being made and maintained along the c commercial corridors where the dealerships are located. Maintaining and improving those properties will also help to encourage other positive commercial development and Page 3 of 5 City of Westminster File #: 22-402, Item #: 4.2 Meeting Date: October 26, 2022 maintenance on other adjacent businesses. The goal is to generally improve the quality and appearance of the commercial activity along these major commercial corridors of the City, which will help provide additional tax revenues to the city. Pursuant to State Government Code Section 53083, before a local agency is allowed to approve an economic development subsidy of $100,000 or more, the agency must provide a written report with specific details outlined in the statute, and hold a public hearing to seek public input. A public notice and the subsidy report were published and posted as of October 15, 2022. There are additional legal requirements to maintain public access to the report and update the report periodically. Information about the www.westminster- ca.gov/vip. If approved, upon implementation of the program, information such as the number of rebates provided, rebates by dealership, and other financial data will be provided and manner which is easy to understand. This was not done with the previous program but will be for the new program to ensure transparency. FISCAL IMPACT The original auto rebate program was funded by the Economic Development Fund, and the total cost of the program was $1,636,000 ($1,625,500 in rebates and $10,500 in administrative costs). The cost of the new program as presented would not exceed $3,000,000 over the five-year life of the program and would be allocated from the Economic Development Fund Program Account No. 11501-44020. Fiscal year 2022-23 will require a budget adjustment of $92,000 for administration and rebates for the period of April 1 June 30, 2023. LEGAL REVIEW The City Attorney has reviewed and approved as to form. CONCLUSION The auto rebate program will help to retain existing auto dealerships in the city, which constitutes one of the largest sales tax generators for the city. Their continued viability is important toward helping to ensure the c-term financial stability. The proposed program will also promote economic development along major commercial corridors in the city, while at the same time incentivizing residents and businesses to make these large purchases locally. The program, if approved, would be a part of a larger effort to encourage residents and businesses to do their shopping locally. Other efforts to encourage local purchases will be presented in subsequent years as part of a larger and refined Shop Westminster program. Page 4 of 5 City of Westminster File #: 22-402, Item #: 4.2 Meeting Date: October 26, 2022 The City Council is requested consider the program through the public hearing process and approve, deny, or modify the terms of the program being presented. ATTACHMENTS 1. Table of Rebates Provided Per Fiscal Year 2. Table of Rebates by Dealership 3. Economic Development Subsidy Report 4. Participation Agreement (Draft) REVIEWED BY Erin Backs, Finance Director Christian Bettenhausen, City Attorney Christine Cordon, City Manager Page 5 of 5 City of Westminster ATTACHMENT 1 $36,000 DEALER $617,000$720,000$252,500 TOTAL BY $1,625,500 2 $3,000 2022 $87,000$59,500 Fiscal $251,000 $101,500 Year End $5,500 $94,000$43,000 $251,500 $109,000 End 2021 Fiscal Year $9,500 $63,500 $350,000 $116,500$160,500 End 2020 Fiscal Year $38,500$12,500 $358,500 $142,500$165,000 End 2019 Fiscal Year $5,500 $40,000 $369,000 $157,500$166,000 End 2018 Fiscal Year 1 $0 $8,000 $45,500 $19,500$18,000 End 2017 Fiscal Year TOTAL BY YEAR: Covers Period of May-June 2017Covers July 1, 2021-May 31, 2022 REBATES PAID THROUGH SHOP WESTMINSTER PROGRAM Dealership Elmore ToyotaHonda WorldLexus of WestminsterOrange Coast Infiniti 1 2 YesYesYesYes Businesses ATTACHMENT 2 YesYesYesYes Residents No YesYesYes Lease No YesYesYes Used Purchase YesYesYesYes New Purchase NoneNone Price $15,000$15,000 Minimum Final Sales Term 5 Years5 Years5 Years Program = 5 Years 2 Years + 2- Year Option + 1-Year Option Program Annual Maximum of $400,000 for rebates + $25,000 for City marketing & administration annuallyAdjusted annually per budget, estimated at $567,000 per fiscal year$1,700,000 for rebates + $25,000 for program administration annually$600,000 for rebates + $10,000 for one-time program administration $500 $500 $500$500 Rebate Purchase Amount Per 64 Eligible Number of motorcycle) Dealerships 3 (2 auto + 1 Participating 10 (1 auto + 1 Tom's Trucks) COMPARISON TO SIMILAR LOCAL PROGRAMS City FullertonGarden GroveSanta AnaWestminster (as presented) ATTACHMENT 3 CITYOFWESTMINSTER ECONOMIC DEVELOPMENT SUBSIDY REPORT PURSUANTTOGOVERNMENTCODESECTION53803 (AB 562 REPORT) WESTMINSTERCITYCOUNCIL PUBLICHEARING OCTOBER26,2022 LegislativeIntent With the adoption of Assembly Bill 562 in 2013, now codified as California Government Code Section 53083, the California Legislature recognized the authority of local officials to use their regulatorypowers, directspending,andtaxpoliciestoinfluencewhere,when,andhowtheprivate sector invests capital and improves real property. The Legislature also intended to promote transparency and accountability in economic development subsidies, similarto annual financial reporting and local fiscal decisions. The legislation requires that subsidies to local businesses in the amount of $100,000 or more those intended to increase employment, enhance the local tax base, and attract or retain desirable businesses be detailed in a writtenreport and placed on an agenda for a public hearing at a regularly scheduled meeting. The proposed agreement would resultinasubsidy/rebate tothe residents and businesses of Westminster who purchase or lease new or used vehicles at a Westminster franchised new vehicle dealership,based onarefundofaportionofthe3,000,000during the five(5)-year period.Therefore, this report is intended to satisfy the requirements of Government Code 53083 and is being made available to the public prior to consideration of the proposed Agreement and authorization of the economic development subsidy. Legal Requirements In accordance with Government Code Section 53083, the following elements must be addressed in written the proposed economic development subsidy: 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, includingthe 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. ProposedProgram &Agreement TheCity ofWestminster, inan effort to generate additional sales tax revenue, createadditional and retain local jobs, and enhance economic vitality, proposed to provide the type of subsidy included in Government CodeSection53083.TheCityofWestminsterintendsto enter into an Economic Development with applicable participating dealersthat will provide Westminster residents and businesses a $500 rebate when they purchase or lease a new or used vehicle from a Westminster franchised new vehicle dealership. Page1of3 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. The rebate would be offered to Westminster residents or businesses for the purchase of a vehicle at any of the four (4) franchised new vehicle dealerships that opt to participate including: Elmore Toyota, 15300 Beach Blvd., Westminster, CA 92683 Lexus of Westminster, 13590 Beach Blvd., Westminster, CA 92683 Orange Coast Infiniti, 15550 Beach Blvd, Westminster, CA 92683 Westminster Automotive Group, Inc., dba Honda World, 13600 Beach Blvd., Westminster CA 92683 2. The start and end dates and schedule, if applicable, for the economic development subsidy. The program shall be in effect starting April 1, 2023 through April 1, 2028. Further, if the program is extended pursuant to GC Section 53083, the program will be reviewed and reconsidered to analyze the number of vehicles sold or leased, total sum of rebates to Westminster residents and business owners, and if both the vehicle rebate and total program cap are set at appropriate levels for the ensuing five years. 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. The economic development subsidy shall be subsidy of $500.00 per new or used vehicle that is purchased or leased by a verified resident or registered business of Westminster. The City estimates that the total amount of the expenditure or loss of revenue of public funds as a result of the economic development subsidy will be up to a maximum of Six Hundred Thousand Dollars ($600,000) per year for a total of Three Million Dollars ($3,000,000) for the five (5)-year duration of this program. Obligations of Participating Dealerships A. Operate with inventory and sales personnel sufficient to satisfy and respond to customer demand and, in compliance with Government Code Section 53084.5, shall designate said property on its sales tax statements as the point-of-sale for all sales transactions generated from or arising out of the business conducted on the subject property. B. Maintain, or cause maintenance of said property to the standards and regulations of the Westminster C. Carry out the operation of the business of retail automobile sales in substantial conformity with applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, Orange County, and the City of Westminster. D. Maintain continued possession of valid City of Westminster Business License, and Sales & Use Tax Permit from the State of California. 4. A statement of the public purposes for the economic development subsidy. The proposed agreement/program objectives and is in the best interest of the general public. Specifically, the following public purposes are achieved: Page 2 of 3 Ensuring robust vehicle sales and increased sales tax revenue to the City of Westminster, which ultimately funds essential City long-term financial stability. Create and retain jobs in the community, thereby stimulating further generation of sales tax revenue and increased demand for local housing, goods, and services. Provide enhanced and increased vitality to a highly visible property along major commercial corridors of the city, making them more appealing, and economically vital destinations for prospective car buyers. 69.7% of consumers state they would avoid making a vehicle purchase or lease in a city that charges a higher sales tax rate. The proposed program would provide an incentive for Westminster residents to buy/lease their next new or used vehicle from a Westminster franchised new vehicle dealership, and would be an effective tool to retain sales tax revenues in the city. The proposed Agreement will encourage the long-- grossing automobile businesses and one of its largest producers of sales tax revenue. The four Westminster franchised new vehicle dealerships generate an economic impact estimated at almost half a billion dollars ($472,681,760) annually. That revenue will support the General Fund, from which the City funds essential services such as public safety, recreation, infrastructure, etc. Since the dissolution of Redevelopment Agencies throughout the State of California since 2012, the City has been forced to be increasingly creative in its attempts to attract or expand new revenue-generating businesses to the community. The proposed Agreement, through its generation of sales tax revenue, creation of additional on-site employment, and the promotion of property maintenance and improvements along major corridors, public purpose. 5. The projected tax revenue to the local agency as a result of the economic development subsidy. The City anticipates that the retention of the four existing franchised new vehicle dealerships within the City will result in an approximate retention of annual sales tax revenue in the amount of $3,504,646, which is approximately 20% of the total sales tax revenues of the city. In addition, the City expects to retain the property taxes from the current four franchised new vehicle dealerships estimated to be $72,000 annually. 6. The estimated number of jobs created by the economic development subsidy, broken down by full-time, part-time, and temporary positions. The retention of the four franchised new vehicle dealerships within the City is anticipated to result in the retention of 402 jobs currently at the dealership over the term of the agreement. Page 3 of 3 ATTACHMENT 4 PARTICIPATION AGREEMENT FOR THE CITY OF WESTMINSTER VEHICLE INCENTIVE REBATE PROGRAM This Participation Agreement for the City of Westminster Vehicle Incentive Program ______, 202_ by and between the City of Westminster , a municipal corporation, and the City of Westminster Franchised New Vehicle Dealer, ____________________________ , all collectively referred to WHEREAS, the Parties desire to implement a City of Westminster Vehicle Incentive Rebate Program whereby the City shall reimburse the amount of $500.00 to Westminster residents and businesses for the purchase of a new or used car, or lease of a new car, from a participating Westminster franchised new vehicle dealer. This agreement will govern the process of reimbursement to participating dealerships that provide a corresponding discount on the purchase price of any qualifying new or used vehicle purchased, or new vehicle leased, in the City of Westminster by a resident or business of Westminster. AGREEMENT 1. Rebate Program: The City of Westminster hereby agrees to provide to a participating Dealership a rebate of $500.00 per qualifying vehicle purchased by a resident or business in the City of Westminster, provided: A. The Dealership documents the sale or lease of the vehicle to an eligible City of Westminster resident or business under the Program guidelines. In order to qualify, the vehicle must be registered to a Westminster Address upon purchase. B. Dealership deducts the $500 rebate amount off the purchase price, or lease price, of the qualifying vehicle, after taking into account all other discounts the purchaser would have qualified for without taking the Westminster Program into account. Under no circumstances shall Dealership use the Westminster Program to reduce or eliminate factory discounts or incentives, or discounts the Dealership itself would have offered to the Purchaser. C. Dealership submits a rebate request to the City within 30 days of the final sale date, providing proof of sale documents, and whatever other documents City may request, under the Program guidelines established by the City from time to time for administration of the Program. D. The maximum amount of reimbursements by the City for the Program is $600,000 stst per year, running from April 1 to March 31 of each year. The City will notify the participating dealerships if Program funds have been exhausted. 2. Dealership Responsibilities: A Dealership eligible for participation shall meet all of the following requirements: A. The Dealership must be a franchised vehicle dealer located in the City of Westminster and shall operate with inventory and sales personnel sufficient to satisfy and respond to customer demand and, in compliance with Government Code Section 53084.5. All dealership properties where sales take place in the Page 1 of 5 City of Westminster Vehicle Incentive Rebate Program Dealership Participation Agreement ATTACHMENT 4 City shall be designated on the sales tax statements as the point-of-sale for all sales transactions generated from or arising out of the business conducted on the subject property; B. The Dealership must be in good standing with their parent corporation and manufacturer; C. The Dealership shall carry out the operation of the business of retail automobile sales in substantial conformity with applicable laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State of California, Orange County, and the City of Westminster; and must Maintain their Dealership properties to a high degree of care, and in accordance with the own expense; D. The Dealership shall have no current, outstanding, or unresolved City of Westminster code violations or any legal or administrative proceedings with or against the City of Westminster; E. The Dealership must maintain continued possession of valid City of Westminster Business License, and Sales & Use Tax Permit from the State of California; F. The Dealership shall promote the Program in active marketing efforts; and G. The Dealership shall meet the requirements of the City under the Program guidelines. 3. Resident Responsibilities: A. Applicant must be able to prove City of Westminster residency under the established Program guidelines; and B. The Program rebate is available only for the purchase of a new or used vehicle, or lease of a new vehicle, from a participating and approved Westminster Dealership; and is limited to two (2) per family/address or a limit of ten (10) per business address annually. 4. Business Responsibilities: A. Applicant must have its point-of-sales and a valid business license in the City of Westminster under the Program guidelines established; and B. The Program rebate is available only for the purchase of a new or used vehicle, or lease of a new vehicle, from a participating and approved Westminster Dealership. Fleet purchase transactions are not eligible for the Program. C. In order to qualify, the purchased or leased vehicle must be registered to the Westminster business, at an address located in the City of Westminster. 5. Term: This Agreement shall commence on April 1, 2023, contingent on availability of funds, and shall continue for a five (5)-year period, unless extended or earlier terminated by Page 2 of 5 City of Westminster Vehicle Incentive Rebate Program Dealership Participation Agreement ATTACHMENT 4 action of the City Council. The Dealership may terminate its participating in the Program by City of Westminster Office of the City Manager 8200 Westminster Blvd. Westminster, CA 92683 6. Reimbursement by City: The City will reimburse a participating dealership within 30 days of submittal of a request for reimbursement, including all documentation required by the City, to verify the sale of a new vehicle under the Program guidelines. All purchases shall be bundled and submitted to the City on a monthly basis in a group, and reimbursements will be issued on a monthly basis by the City. Purchases submitted for the month shall be processed the next month and payment made within 30 days. 7. Audit: The City may, from time to time, perform an audit of any purchases where a rebate was given. Dealership shall pay for the audit if it is determined that rebates were given in an improper manner or in violation of the Program requirements, and for each such violation the Dealership shall reimburse the City twice the amount of the rebate given as part of that transaction. 8. Administration: The City Manager is hereby appointed to administer this Agreement and take all necessary actions to implement this Agreement on behalf of the City. 9. Interpretation of the Agreement: A. This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written. Any amendment to this Agreement, including an oral modification supported by new consideration, must be reduced to writing and signed by both Parties before it will be effective. B. This Agreement and all amendments and supplements to it may be executed in counterparts, and all counterparts together shall be construed as one document. C. This Agreement is to the benefit of, and is binding on, the Parties, their respective heirs, personal representatives' successors and assigns. D. The captions heading the various paragraphs of this Agreement are for convenience and shall not be considered to limit, expand, or define the contents of the respective paragraphs. Masculine, feminine, or neutral gender and the singular and the plural number, shall each be considered to include the other whenever the context so requires. If either party consists of more than one person, each such person shall be jointly and severally liable. This Agreement shall be interpreted under California law and according to its fair meaning, and not in favor of or against any party. 10. Governing Law: This Agreement is executed and intended to be performed in the State of California, and the laws of that State shall govern its interpretation and effect. Any legal proceedings on this Agreement shall be brought under the jurisdiction of the Superior Court of the County of Orange, State of California. Page 3 of 5 City of Westminster Vehicle Incentive Rebate Program Dealership Participation Agreement ATTACHMENT 4 \[SIGNATURES ON FOLLOWING PAGE\] Page 4 of 5 City of Westminster Vehicle Incentive Rebate Program Dealership Participation Agreement ATTACHMENT 4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their respective authorized officers, as of the date first above written. CITY OF WESTMINSTER __________________________________ Date: __________________________ Christine Cordon City Manager APPROVED AS TO FORM: __________________________________ Date: ________________________ Christian L. Bettenhausen City Attorney ATTEST: ________________________________ Lucie Colombo Interim City Clerk DEALERSHIP __________________________________ \[NAME OF DEALERSHIP\] __________________________________ Date: __________________________ \[Name of Authorized Signer\] \[Title\] __________________________________ Taxpayer ID Number Page 5 of 5 City of Westminster Vehicle Incentive Rebate Program Dealership Participation Agreement