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HomeMy WebLinkAboutResolution - 2081 - Mission Statement For Economic Development - 07/11/1985JPB:cl RFczni 11TTnni Resolution #2081 July 11, 1985 Agenda Item #22 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Mission Statement for Economic Development, attached herewith, which shall be spread upon the minutes of the Council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail. Passed by the City Council this 11th day of July , 1985. 4�;�22 Z_-. HIE N R Y WAYOR ATTEST: RaneQ e Boyd, -City Secretary APPROVED AS TO CONTENT: Ro ert Massengale, ssistant City Manager APPROVED AS TO FORM: s P. Brewster, Assistant City Attorney Resolution #2081 CITY OF LUBBOCK MISSION STATEMENT FOR ECONOMIC DEVELOPMENT The City of Lubbock Charter provides for permanent funding for the purpose of economic development. In 1980 an Ordinance was passed specifying the duties of the board of City Development relating to locating new businesses, promoting the expansion of existing businesses, and encouraging the growth of all business. The success of this economic development strategy is dependent upon the formation of a public/private/academic partnership of Lubbock's resources. The City Council believes that in order to accomplish economic growth in Lubbock, the strategy should be documented and formalized. The mission of Lubbock's economic development strategy is (1) to permanently bolster the business climate throughout the City, (2) to fully utilize Lubbock's many assets, (3) to develop a coordinated public, private and academic approach to enhance Lubbock's business opportunities for all citizens, and (4) to assure accountability for taxpayers' dollars. This mission can best be accomplished through a strong Board of City Development, comprised of Lubbock's top leaders across a wide spectrum of disciplines. The Board is to be appointed by and accountable to the Lubbock City Council. Consensus must be reached on the following statements: 1. Establish a fully developed economic development strategy targeted to promote and develop (1) business retention and expansion of existing businesses, (2) formation and growth of new businesses as a result of the creation of an intrepreneurial climate in Lubbock, and (3) a business attraction and marketing program to be directed to targeted industries from outside the Lubbock area. 10 City of Lubbock Mission Statement for Economic Development Page 2 2. Broaden the membership of the Board of City Development. City Council to appoint members from a broad base of Lubbock's business leaders, concentrating on CEO's or their equivalent, to assure input and direc- tion to the three targeted areas with representation from diverse organizations and interests. 3. Direct that all taxpayers' dollars, less the amount set aside for debt services, which fund the Board of City Development be specifically committed to those goals discussed in this Mission Statement, and the preparation and maintenance of a Comprehensive Lubbock Data Base. The functions funded and carried out by the Chamber of Commerce should be delineated from those from those economic initiatives funded by taxpayers' funds. (It is understood that the Convention and Visitors Bureau and Tourism is funded by the separate Hotel/Motel tax.) 4. Ensure that the regular activities of BCD be performed by a full-time professional staff, recruited from the economic development industry according to predetermined guidelines, to work with resources from Lubbock's private, academic and public sectors. 5. Require the Board of City Development to be accountable, quarterly, to the City Council for all activities resulting from the use of taxpayers' dollars. 6. City provides funds for a Business liaison position to work with business clients in order to expedite their needs in City Hall and to propose improvements for local business regulations and procedures to City Manager/City Council. 7. Acknowledge that any events and activities funded by BCD dollars are made possible through the use of City funds.