City Council shall adopt and approve, by resolution, an Economic Impact Analysis Policy establishing criteria for evaluating a proposed annexation, joint economic development district, and/or major subdivision for the purpose of determining the value of the proposed annexation, joint economic development district, and/or major subdivision to the City. The policy shall include analysis of tax revenues, assessments, and user fees, increased demands on service, the acquisition and maintenance costs of infrastructure, and the impacts on market conditions and quality of life.
(Ord. 13-12. Adopted 02/28/13; Ord. 2022-40. Adopted 10/27/22)