HomeMy WebLinkAboutResolution - 5784 - Create Economic Development Task Force - 02_26_1998RESOLUTION NO. 5784
Item #34
February 26, 1998
RESOLUTION
WHEREAS, the City Council of the City of Lubbock deems it to be in the best
interests of the citizens of the City of Lubbock to create an Economic Development Task
Force to investigate and recommend economic development funding alternatives to the
City Council; and
WHEREAS, said Task Force shall be composed of 15 Lubbock residents to be
appointed by the City Council; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. There is hereby created an Economic Development Task Force of
the City of Lubbock to investigate and recommend to the City Council, Market Lubbock,
Inc. and other interested parties means, methods and opportunities by which economic
development funding for the City of Lubbock may be advanced.
SECTION 2. The Task Force shall consist of 15 members, who shall serve for a
period of one year from the date of this Resolution. Each City Council member shall
appoint two members to the Task Force and the Mayor shall name three members. The
Task Force will elect its own chair as its first order of business.
SECTION 3. The Task Force shall complete its work within one year of the date
of this Resolution, and shall forthwith present a written report prioritized with funding
recommendations to the City Council on economic development funding strategies, and
shall make such other reports or appearances before the City Council, Market Lubbock,
Inc. and other interested parties as may be requested by the City Council.
SECTION 4. The Task Force shall concentrate its efforts upon economic
development funding strategies in order to make recommendations regarding alternative
funding sources and procedures for making maximum use of existing funding sources.
Innovation and education in economic development funding strategies shall be a goal of
the Task Force.
Passed by the City Council on this 26thday of February
WINDY SITIFQN, MAYOR
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kat Darnell, 4Cityecretary
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Febmary 25, 1998