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Economic Development (Commercial/Industrial/Residential) <br /> <br /> 1. Financing <br /> <br /> a. Grants <br /> b. Tax increment <br /> c. Industrial development bonds <br /> d. City participation in costs <br /> <br /> Z. Utilities and transportation <br /> <br /> a. Sanitary sewer-water maximizing use of land for valuation <br /> <br /> b. Provide for better class of commercial/industrial development <br /> <br /> c. Provide for easier financing <br /> <br /> d. City water will reduce insurance rate for commercial/industrial/ <br /> residential development <br /> <br /> e. Collector streets <br /> <br />3. City policy regarding economic growth <br /> <br /> a. City zoning ordinance which has established proposed growth area <br /> b. Comprehensive plan which reaffirms that document <br /> c. Utility studies completed in accordance with previous documents <br /> d. Since township days, City has pursued sanitary facilities <br /> <br />4. Legal responsibility <br /> <br /> a. City Attorney should explain the City's responsibility to its zoning <br /> ordinance <br /> <br /> b. City Attorney should explain City's responsibility to its comprehensive <br /> plan <br /> <br /> c. City Attorney should explain the City's responsibility to its citizens who <br /> have invested in the above stated City plans <br /> <br />5. Economic development benefits <br /> a. Increase in tax base <br /> b. Additional local employment <br /> <br /> c. Initial economic development will fund sanitary sewer and water and <br /> will provide availability to residential areas that will develop a need <br /> <br />Page 1 <br /> <br /> <br />