The purpose of this chapter is to allow, promote, foster and enhance the establishment within the city or outside the city, and pursuant to a joint powers agreement with one or more other municipalities or counties as authorized by the "act", if desirable and necessary, of any economic development projects, including investments in arts and cultural districts created pursuant to the arts and cultural district act 1 that may be qualified under the said "act", and be approved by the city, and its joint powers partner or partners, if applicable. Through this economic development plan the city intends to create new investment and job opportunities by providing land, buildings, infrastructure for facilities to support new or expanding businesses or other resources, as appropriate. The city will employ adequate safeguards to protect against the unauthorized use of public monies, property and other resources. (Ord. 1247, 5-12-2014)
Notes
| 1 | 1. NMSA §§ 15-5A-1 - 15-5A-7, 1978. |