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The city council or designee is authorized to perform the following activities in accordance with state law and this code:

(1) Promotion. Undertake the promotion of the city’s natural, historic, and cultural resources, commercial and residential real estate value, housing options, recreation and entertainment options, retail and commercial opportunities, and other attractions that generate interest in the city via advertising, public outreach, special events, and other marketing.

(2) Business Attraction and Retention. Undertake a business attraction and retention program that may include assistance in the form of grants, loans, fee abatements and discounts, payments of insurance premiums, tax rebates, tax credits authorized under state or federal law, and other assistance to attract or retain commercial, mixed-use, industrial and other desired activity in the city.

(3) Infrastructure. Develop infrastructure that the city council deems will further the generation of economic growth and maintenance of a healthy business climate.

(4) Permit Processes. Develop tools and technologies to improve and expedite permitting and approval processes for economic activities that bolster the local economy and provide broad public benefit through, for example, infrastructure, manufacturing, job creation, fiscal benefits, and visitor spending.

(5) Cultural Resources. Preserve and protect historic structures, landmarks, heritage trees, and archaeological resources as provided by state law and this code.

(6) Property Acquisition. Purchase, lease, obtain option or other interest, receive by gift or grant, or otherwise acquire real or personal property.

(7) Disposal of Real Property. Dispose of surplus real and personal property to advance the purposes of this chapter.

(8) Site Preparation. Provide for real property site preparation, including demolition, clearing, and environmental remediation, for public or private developments.

(9) Property Improvement. Rehabilitate, maintain, build upon, or otherwise improve real property in anticipation of use, disposal or lease of the property.

(10) Funding. Seek and accept grants, agreements, and other financial assistance from public or private sources for the purpose of economic development.

(11) Bonding and Debt. Issue bonds or other forms of debt in accordance with state law.

(12) Assessment Districts. Allow for the establishment of community benefit or assessment districts, including business improvement districts.

(13) Joint Powers Agreements. Allow for joint powers agreements, and otherwise collaborate with other government agencies to develop and fund regional economic development.

(14) Affordable Housing. Develop, or assist the development of, affordable housing, including mixed-use development and live-work projects.

(15) Economic Development Agency. Allow for the formation of an economic development agency to carry out economic development activities.

(16) Other Activity. Take such other actions as the city council finds appropriate to encourage economic development. (Ord. 652 § 1, 2015).