City of Carlsbad, CA ARTICLE 4 REVENUE, SAVINGS AND GENERATION.

Section 400 Economic and Community Development.

Subject to the expenditure limitation established by the citizens of Carlsbad Proposition H in 1982, the City shall have the power to utilize revenues from the general fund to encourage, support and promote economic and community development in the City.

Section 401 Public Financing.

The City Council shall have the power to establish standards, procedures, rules and regulations relating to financing of public improvements and services.

Section 402 Utility Franchises.

The City Council shall have the power to provide for the acquisition, development or operation by the City of any public utility and/or to grant any franchise, license or permit to any public utility which proposes to use or is using City streets, highways or other rights-of-way.

Section 403 Enterprises.

The City shall have the power to engage in any enterprise determined necessary to produce revenues for the general fund or any other fund established by the City Council that promotes a public purpose.

Section 404 Contracts.

The City Council shall have the power to establish standards, procedures, rules or regulations relating to all aspects of the award and performance of contracts, including contracts for the construction of public improvements, including, but not limited to, compensation paid for performance of such work.