(A) The Mayor, 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 city may provide land, buildings or infrastructure it already owns, or may build, purchase or lease the facilities needed for an economic development project. The city at its discretion may bear the full cost or contribute a portion of the costs including the waiver of applicable fees. The city at its discretion may also contribute to the payment of costs for professional service contracts such as 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 city's part to offer any specific level of assistance.
(Ord. 166, passed 7-19-2017)