The city council of the city of Chico hereby finds and determines as follows:
A. The full employment of residents of the city of Chico, the prevention of unemployment and underemployment of such residents, and the promotion of educational and cultural opportunities for such residents, serves a vital and compelling public interest of the city of Chico and promotes the public health, safety and welfare of the city by reducing the incidence of crime, improving the mental and physical health and well-being of the city's residents, alleviating the financial drain upon limited public and private resources for welfare programs and unemployment assistance, and enhancing the financial resources of the city.
B. The encouragement of industrial, commercial and nonprofit enterprise development within the city serves a vital and compelling public interest of the city and promotes the public health, safety and welfare of the city by increasing the employment of residents of the city, increasing the tax and revenue base and thereby enhancing the financial resources of the city, preventing physical deterioration and abandonment of industrial and commercial areas, and promoting education and culture within the city. In addition, the city's participation in the financing of such development serves the public interest by ensuring that such development will reflect the needs and objectives of the community more so than if such development were undertaken without city participation.
C. Encouraging industrial, commercial and nonprofit enterprise development pursuant to this ordinance (1) will promote the health, safety and welfare of the city, including those public interests enumerated above, and will improve the social, moral, economic and physical condition of the community thereby, and (2) constitutes a municipal affair of the city of Chico, a valid exercise of the police powers of the city of Chico, and a public purpose in which the city of Chico has a peculiar and unique interest.
(Ord. 1423 (part), Ord. 2019 §1, Ord. 2111 §2)