The Council of the city finds, determines and declares that:
(A) The city is a general law city, and the Council is vested under California law with the power to make and enforce ordinances and regulations with respect to all municipal affairs, to the extent that said actions are not in conflict with the general laws of the State of California.
(B) Economic growth within the city aids in the promotion of the health and welfare of the inhabitant residents and businesses in the city, and is a general benefit to them by and through the provision of improved residential value and housing options, improved retail and commercial success, increased commercial/industrial opportunity, increased visitation and visitor spending, improved entertainment options, enriched cultural experiences, improved recreational options, and an expanded tax base which aids the city in providing municipal services to its inhabitant residents and businesses.
(C) Use of city funds and resources for economic development activities serves a public purpose because economic development is a municipal affair with a clear benefit to the city’s inhabitants and businesses.
(D) Creation of an economic development ordinance is consistent with the goals of the General Plan of the City of San Gabriel in that the provisions of the Economic Development Chapter of the General Plan specifically provides for the creation of implementation tools needed to carry out the intent of the element.
(E) The Council authorizes economic development activity pursuant to an Economic Development Program for the benefit of the city and its inhabitants.
(Ord. 599-C.S., passed 5-7-13)