Sale or Leasing of Exempt Property
(1)The qualified property was located at the site identified in the Application (as potentially amended) when it first qualified, and it continues to be eligibly used inside the enterprise zone.
(2)The purchaser or lessee is an eligible business firm.
(3)Requirements in OAR 123-674-4000 (EMPLOYMENT OF FIRMS — Computation of Averages) to 123-674-4600 (Maintaining Sufficient Employment) are effectively satisfied, including that the combined Annual Employment of the purchaser/lessee and of the originally qualified business firm equal or exceed the sum of:
(a)The minimum Annual Employment required of the firm in OAR 123-674-4600 (Maintaining Sufficient Employment)(1)(a); and
(b)The annual average employment of the purchaser/lessee in the zone immediately prior to the change in ownership/lease.
(4)That the purchaser/lessee and the qualified property comply with all other applicable requirements.
Rule 123-674-4800 — Sale or Leasing of Exempt Property,