The declared purpose of this chapter is to authorize the city
to undertake an economic development program consisting of economic
development activities that include, but are not limited to, those
enumerated in this chapter for the purpose of improving residential
value and housing options, improving retail and commercial options,
increasing commercial/industrial activity, increasing visitation and
visitor spending, improving entertainment options, enriching cultural
experiences, improving recreational options, and expanding the city's
tax base which increases the city's ability to provide municipal services
to its inhabitant residents and businesses.
(Ord. 5770 § 1, 2012)
The council of the city finds, determines and declares that:
A. The
city is a charter city, and the council is vested by its Charter with
the power to make and enforce ordinances and regulations with respect
to all municipal affairs.
B. Economic
growth within the city aids in the promotion of the health and welfare
of the inhabitant residents and businesses in the city, and is a general
benefit to them by and through the provision of improved residential
value and housing options, improved retail and commercial success,
increased commercial/industrial opportunity, increased visitation
and visitor spending, improved entertainment options, enriched cultural
experiences, improved recreational options, and an expanded tax base
which aids the city in providing municipal services to its inhabitant
residents and businesses.
C. Use
of city funds and resources for economic development activities is
a proper because economic development is a municipal affair with a
clear benefit to the city's inhabitants and businesses.
D. The
council authorizes economic development activity pursuant to an economic
development program for the benefit of the city and its inhabitants.
(Ord. 5770 § 1, 2012)
In order that the purpose of this chapter be accomplished, the
council, the city manager, or his or her designee, if directed or
delegated to by the council, is authorized to perform the following
activities:
A. Undertake
the promotion of city's natural resources, commercial and residential
real estate value and housing options, recreation and entertainment
options, retail and commercial options, and other attractions that
generate interest in and visitation to the city via marketing activities
including, but not limited to, branding campaigns, public outreach
and special events;
B. Undertake
a vigorous business retention and attraction program that includes
assistance in the form of grants, loans, fee abatements, payments
of insurance premiums, tax rebates, or other assistance to assist
in the attraction or retention of qualifying commercial, mixed-use,
industrial or other suitable activity in the city;
C. Perform
analyses of public and private real property issues for the purpose
of determining economic impact or potential economic benefit to the
city;
D. Purchase,
lease, obtain option(s) upon, acquire by gift, grant, bequest, devise,
or otherwise, any real or personal property, any interest in property,
and any improvements on it, including repurchase of developed property
previously owned by the city;
E. Insure,
rent, manage, operate, repair, and clear real property owned by the
city;
F. Dispose
of real and personal property for fair market value or less than fair
market value (fair reuse value), so long as the disposition is found
to aid in the purposes of this chapter;
G. Provide
for site preparation work, including, but not limited to, demolition,
clearing, and hazardous substance remediation, for public or private
developments;
H. Improve,
maintain, or repair improvements to real property in anticipation
of use, disposal, or lease of the property to a private or public
entity;
I. Seek
and accept financial assistance from public or private sources for
the purpose of engaging in economic development activities for the
general benefit of the inhabitants of the city;
J. Provide
for the establishment of community benefit or other assessment districts
to benefit the inhabitants of said communities or districts;
K. Designate
incremental funds received directly from economic development activity
for reinvestment in further economic development activity;
L. Allow
for joint powers agreements with other governments and agencies to
develop and fund regional economic development plans and activities;
M. Take
such other actions as the city finds necessary and appropriate to
encourage economic development with the city for the purposes of this
chapter.
(Ord. 5770 § 1, 2012)
If any provision of this chapter or the application thereof
is for any reason held to be invalid or unconstitutional, the validity
of the remaining provisions and the applicability of such provisions
shall not be affected thereby.
(Ord. 5770 § 1, 2012)