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Business campus on agenda
By Jennifer Gentile /Staff Writer
TheReporter.Com
Article Launched:10/16/2006 06:38:06 AM PDT
A development agreement related to a proposed 33-acre business campus, containing 430,000 square feet of office space, comes before the Vacaville Planning Commission on Tuesday.

The development agreement is part of The State Compensation Insurance Fund's plan to build a campus in the Vaca Valley Business Park, just north of Interstate 80, east of I-505.

On its Web Site, State Fund describes itself as a self-supporting enterprise, which provides workers' compensation insurance to California employers.

The agreement features sales and property tax incentives State Fund will receive if it meets certain requirements, according to Assistant Planning Director Chris Gustin. The amount of the incentive package, according to the city staff report, depends partly on how well the company meets wage and employment targets for the new campus.

State Fund's employment goal for the campus is 1,228 employees, or one employee per 350 square feet of office space, the staff report states.

'It is a pretty good deal for both parties,' Gustin said.

If the commission approves the agreement, it will come before the Vacaville City Council at a future meeting.

On the heels of approval of a tel"