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ECONOMIC DEVELOPMENT COMMISSION
(A) The Economic Development Commission is hereby created and consists of either five, seven, or nine members, at the discretion of the Mayor, with the approval of the City Council.
(B) The Commission composition will be chosen in compliance with § 33.002 of the Eureka Municipal Code. The following factors may be considered when choosing Commission members:
(1) Owners of businesses within the city limits; or
(2) Residents who have specialized professional knowledge and experience within the fields of economic development, real estate, banking/lending/financing, construction, business establishment/ administration/management, marketing, tourism-promotion, importing/exporting, housing and/or other related fields; or
(3) Residents that own a business outside of the city limits.
(C) The City Manager or their designee will serve as an ex officio non-voting member of the Commission.
(Ord. 920-C.S., passed 9-7-21)
(A) To advise the City Council, City Manager, and city staff in all matters pertaining to Economic Development, including preparing:
(1) On-going analysis of economic development issues and opportunities that have the potential to impact or influence the economy of the city;
(2) An annual status report to summarize the prior year's actions and analyses; and
(B) To promote actions that maintain and create high quality jobs, build the city's community assets including housing, create a diverse and resilient economy, strengthen the city's revenue base.
(C) To serve as the city's Business Loan Committee, review funding proposals, and make recommendations to the City Council. The City Council will make the final decision on approval or denial of all loan applications submitted, including terms and conditions of loan agreements.
(D) To perform such other duties relating to economic development matters as may be prescribed by the Council.
(Ord. 920-C.S., passed 9-7-21)
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