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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 ,