10-02-04 City Council Retreat Agenda

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II / /~!J- vI . Chapter 380 Economic Development Program Policies and Procedures Effective October 21, 2002 1. General Statement of Purpose and Policy ~_.~ The City Ol( Friendswood is c~mmitted to the promotion of quality development\n:att-p-A.rts_of th-ecify and to an ongoing improvement of the quality of life for its citizens. The City has previously developed economic development programs and incentives designed to encourage expansion and relocation of businesses in the city. Now the City seeks to enhance its economic development efforts to stimulate commercial activity and to attract quality development by establishing these Chapter 380 Economic Development Program Policies and Procedures. . These Policies and Procedures are established in an effort to develop and expand the local economy by promoting and encouraging development and expansion of businesses and industries that enhance the City's economic base and diversify and expand job opportunities. The ultimate goals and public purposes of programs established hereunder are to stimulate and diversify the local economy, reduce unemployment, and protect and enhance the City's fiscal ability to provide high quality municipal services to Friendswood residents. In fUliherance of these objectives, the City of Friendswood will, on a case- by-case basis, give consideration to providing economic incentives to business applicants in accordance with these Policies and Procedures as authorized by Chapter 380 of the Texas Local Government Code, as amended from time to time. . ~/ Nothing in this document is intended to imply or suggest that the City of Friendswood is under any obligation to provide economic incentives to any applicant. ~ aiilIcants--sh~li b~~onsTdered on a case-by-~a5e1>as~:> The decision to approve or deny economic incentives shall be at the discretion of the Friendswood City Council. Each applicant granted economic incentives from the Chapter 380 Economic Development Program (also referred to as Program) under these Policies and Procedures must enter into an agreement wi th the City of Friendswood containing all terms required by these Policies and Procedures and state law, or as deemed necessalY and appropriate by the City Council.