City Council finds and declares that the health, safety and welfare of the citizens of the City are dependent on the continued encouragement, development and expansion of opportunities for employment in the private sector in the City. City Council further finds and declares that offering tax incentives to qualifying businesses will enhance and strengthen the City's economic vitality, promote job retention and creation and the City's business climate in general, encourage business spending and enhancing business transactions, attract new businesses to the City and allow existing businesses to expand within the City. City Council also finds and declares that approving economic development agreements as set forth in this article will expedite and improve the City's responsiveness to those desiring to relocate to or expand within the City. (Ord. 15-46)