1-9-5: ASSISTANCE TO ECONOMIC DEVELOPMENT PROJECTS:
   A.   The mayor of the village of Cloudcroft, after approval of the governing body, may assist economic development projects in any legally permissible manner including, but not limited to, provisions of land, buildings and infrastructure provided that all the requirements of this chapter are met. The village may provide land, buildings or infrastructure it already owns, or it may build, purchase or lease the facilities needed for an economic development project. The village at its discretion may bear the full cost or contribute a portion of the costs including the waiver of applicable fees. The village, at its discretion, may also contribute to the payment of costs for professional service contracts such as industry feasibility studies and planning and design services needed to implement a project.
   B.   The governing body may consider offering all forms of assistance allowed under this chapter and any other legally permissible forms of assistance; however, this does not establish any obligation on the village's part to offer any specific type or level of assistance. (Ord. 346, 8-11-2008)