RESOLUTION NO. 7184

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, ADOPTING THE “CITY OF LAWRENCE, KANSAS, ECONOMIC DEVELOPMENT POLICY.”

WHEREAS, the City of Lawrence, Kansas, is committed to promoting high-quality and balanced economic development in the City, to broadening and diversifying the City’s tax base, and, at the same time, to preserving the unique character of the City;

WHEREAS, it is the City’s economic development goal to sustain the City’s long-term economic health and vitality through the retention, expansion, and attraction of businesses and employment opportunities and through the development, and redevelopment of properties, all of which operate to broaden and diversity the City’s tax base and make positive contributions to the quality of life of the residents of the City;

WHEREAS, the Kansas legislature has established a number of economic development tools, including economic development incentives, to stimulate the State’s economy and to assist Kansas cities in reaching their economic development goals;

WHEREAS, the City recognizes that, to meet its economic goals and objectives, it must, from time to time, grant economic development incentives;

WHEREAS, the City recognizes that the judicious use of economic development incentives can aid the City in achieving its economic development goals and objectives, without diverting existing tax revenues and without creating additional tax burdens on the residents of the City; and

WHEREAS, the Governing Body finds that it is in the best interest of the City to establish certain policies and guidelines governing the judicious use of economic development incentives.

NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:

SECTION 1: The Governing Body hereby adopts, as the City’s comprehensive economic development policy, “City of Lawrence, Kansas, Economic Development Policy,” which document is affixed hereto as Exhibit A and incorporated herein by reference.

SECTION 2:   After adoption and approval, as required by law, this resolution and “City of Lawrence, Kansas, Economic Development Policy” shall be in full force and effect commencing January 15, 2017.

SECTION 3: Resolution Nos. 6789, 6790, 6887, 6921, 6952, 6953, and 6954 are hereby repealed in their entirety, it being the intent of the Governing Body that the provisions of this Resolution supersede them in their entirety.

ADOPTED by the Governing Body of the City of Lawrence, Kansas, this 20th day of December, 2016.

APPROVED:

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Mike Amyx

                                                                                    Mayor

ATTEST:

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Sherri Riedemann

City Clerk

APPROVED AS TO FORM:                   

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Toni R. Wheeler                                                        

City Attorney