§ 40.04  ECONOMIC DEVELOPMENT POWER.
   (A)   Tex. Loc. Gov’t Code § 380.001 authorizes the city to use employees or funds, make loans or grants of public money and provide personnel and services of the city and take other actions to support the city's program of economic development and to carry out its purposes. The city may also accept contributions, gifts or other resources to develop and administer the program. The city has authority to do all things authorized by Tex. Loc. Gov’t Code Chapter 380.
   (B)   Possible uses of the authority created by Tex. Loc. Gov’t Code § 380.001 include, but are not limited to:
      (1)   Loans, lease purchases, grants or financing for site acquisition or development;
      (2)   In kind services such as site preparation using city equipment, personnel or contractors;
      (3)   Grants    or    assistance    promoting economic development; or
      (4)   Waiver or rebate of permits or other fees.
(Ord. 2021-20, passed 4-13-21)