Section 206 of the City of Carson's Charter sets out various options as to how the City can engage in economic development activity. The City's Charter powers provide that "[i]n exercising the powers granted pursuant hereto, the city council may by ordinance exercise the above authorities, or create a subordinate economic development authority, and/or enable the Carson Reclamation Authority to so act to incentivize private investment by the grant or loan of public resources." Section 206(d) also permits the City to adopt a comprehensive ordinance with measures to carry out the provisions of Section 206. The declared purpose of this Chapter is to provide supplemental authorization for the City of Carson to enter into agreements to provide loans or grants to commercial property owners for the purpose of increasing economic development irrespective of whether the loan or grant is subject to Government Code Section 53083, and to establish the noticing requirement for duly noticed public hearings. This Chapter is to be interpreted and implemented in conjunction with, and not inconsistent with, Section 206 of the Charter.
(Ord. 24-2404 § 3)
(a) 
The City is authorized to provide loans or grants to commercial property owners pursuant to Section 206 of its Charter by entering into an agreement with the property owner, whether or not the loan or grant is provided in connection with disposition of real or personal property or to incentivize tax rebates or tax credits.
(b) 
All such public assistance provided by City shall have a sufficient public purpose and must include a comprehensive report identifying the following:
(1) 
The nature of the project that is the subject of the agreement;
(2) 
The necessity of the assistance;
(3) 
The amount of the assistance;
(4) 
The public benefits of the project that is the subject of the agreement;
(5) 
The return on the project that is the subject of the agreement; and
(6) 
The regulations and conditions governing the project that is the subject of the agreement.
(c) 
To the extent Government Code Section 53083 is applicable, all requirements thereunder must be adhered to for provision of all City loans or grants given for economic development purposes.
(Ord. 24-2404 § 3)
Agreements authorizing provision of loans or grants may only be approved after a duly noticed public hearing. The notice must be given at least ten (10) calendar days prior to the hearing date.
(Ord. 24-2404 § 3)