HomeMy WebLinkAbout1994-126-08/02/1994-AMENDING THE ECONOMIC DEVELOPMENT POLICY OF THE CITY OF FORT COLLINS RESOLUTION 94-126
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING THE ECONOMIC DEVELOPMENT POLICY OF
THE CITY OF FORT COLLINS
WHEREAS, City Council adopted an Economic Development Policy by resolution
of the Council in 1991 ; and
WHEREAS, Council believes that the economic development strategy of the
City continues to be best characterized as a partnership among the public and
private sectors, and the citizens of the community; and
WHEREAS, Council further believes that City policies must be regularly
reviewed, evaluated and modified as appropriate in terms of their relevance to
current community values and preferences; and
WHEREAS, it is the desire of the Council to amend the Economic Development
Policy so that said policy better reflects the City's role in working to enhance
the community's prosperity, in addition to stating the City's intention to work
in cooperation with other public and private entities to promote and encourage
workforce training, human resources development, and basic and advanced skills
enhancement; and
WHEREAS, Council believes the attached amendments to the Policy are in the
best interests of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the Economic Development Policy of the City of Fort Collins as amended and
attached hereto as Exhibit "A, " be and hereby is adopted.
Passed and adopted at a regular meeting of the Council of the City of Fort
Collins held this 2nd day of August, A.D. 1994.
ATTEST: Mayor
I*Lk
City Clerk
Exhibit A
City of Fort Collins
Economic Development Policy
The methods by which communities address economic development vary widely. In
some instances the responsibility for leading a community's economic development effort
falls to a single entity, whether it be local or regional, public or private. There are many
models across the country ranging from a government funded and directed program#to
a privately sponsored program with little or no municipal involvement.
In Fort Collins, economic development can be characterized as a partnership among the
public and private sectors, and the citizens of Fort Collins. This partnership is based
upon a continuum of services to existing and prospective business in which the City
facilitates the process and procedures required for site development, provides data and
demographic information, invests in municipal infrastructure, and considers other
initiatives ona case-by-case basis.
The private sector, ^,; ronrrocontad by FGFt GGINRG IR and
many responsibility for the attfaotioa
pad retention f �; s�y of the business or industry ;M, j W This may
include marketing and promotion of the community, outreach to existing business, and
assistance in arranging project financingf ')fa� s� 6� f .
This effort is supported directly and indirectly through the work of various outside entities
identified below. The following outlines the respective roles and FespGRS'bilities as they
GUrFeRt!Y eXiSt.
Role of City of Fort Collins
Theview helctby the City of Fort Collins is-that whLther they are corrsiderin—expansiorT
or relocation, businesses are most concerned and interested in the community's overall
quality of life. Those in the private sector responsible- for corporate site selection most
often cite the quality of both our primary and secondary schools, the skill of our work
force, the consistent quality of municipal services, and perhaps in many ways above all,
the state of our natural environment. These are values to which the City Council and the
citizens are deeply committed and serves as the cornerstone of the City's economic
development effort.
The City's primary role in economic development focuses on those areas which directly
involve City process and procedure. The City's economic development program is based
on City Council Resolution 87-49 and subsequent Ordinances in which Council adopted
certain goals, policies, and programs related to economic development and economic
' The City will make existing and prospective business aware of the opportunities
available through Colorado State University and the private sector in the areas of
product and process development.
• The City will continue to maintain and enhance utility NOWN WOOMM,
infrastructure aad � Provide consistently reliable and efficient service.
• The City will strive to maintaina municipal tax and fee structure which is both
reasonable and equitable.
• The City will provide assistance to business and industry with regards to City
process and procedure.
• The City will continue to afford new and existing business and industry the
opportunity to seek financial incentives pursuant to the Council adopted
Ordinances f WH„ROMA
lln.,�l>1�fl5J�5'�
Role of Private Sector
The private sector plays a significant aad sr-itica4 role in the success of the overall
economic development strategy. The mission of the private sector, as represented -by
c...t r.,ir.,G i.,.. iii i/ iia/ i 0i i i i/ iii i of i/ i
is to A. �� , maet and
recruit retain and expand basic industry to the City �, ; ,� This effort
requires the support of Eheffr ' Chamber of Commerce and other
entities referenced below, as well as the local banks, financial institutions and existing
business and industry.
The Fort Collins, IRG.1private sector appreach role is characterized by its ability to work
with new and existing business in a confidential manner. Issues such as real estate
values, business climate, financing options, and site options are most appropriately
discussed by the private sector.
Role of Outside Entities
of i iio
The efforts of the City and private sector f/ Iffiia�„
J,5 re directly and indirectly supported by several organizations and entities such
as Colorado State University, G h a m b a F Gf G 9 Fn Fn a FGe, IIf��;�ONOWN,ORM/fM
,flffl, Convention & Visitors' Bureau, Poudre R-1 School District, Private
Industry Council and the Employment and Training Service. Though each has an
independent focus , their work
contributes to the overall quality-of-lifef ��f%enjoyed within the community.
+ho"eby ^'^"idirf y"'% i s" � the network required to conduct an effective community-
based economic development program ,