A. The enabling organization, after approval of the Governing Body, may assist economic development projects in any legally permissible manner including, but not limited to:
1. Provisions of land, buildings and infrastructure provided that all the requirements of this chapter are met. The Village may provide land, buildings or infrastructure it already owns, or it may build, purchase or lease the facilities needed for an economic development project.
2. Bearing the full cost or contributing a portion of the costs including the waiver of applicable fees.
3. Contributing to the payment of costs for professional service contracts such as industry feasibility studies and planning and design services needed to implement a project.
4. Providing access to low cost loans offered by the Village of Hatch Economic Development Loan Committee.
5. Offering lots in the Village of Hatch industrial park at negotiable rates other than existing market rates.
6. Providing a reduction, up to twenty percent (20%), on applicable Lodging Taxes.
7. Providing a reduction, up to twenty percent (20%), on Village owned utilities.
B. The enabling organization, after approval of 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 Village's part to offer any specific type or level of assistance. (Ord. 343 § 5, 2007)