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HomeMy WebLinkAbout03 - Economic Advisory CommitteeCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 3 March 11, 2003 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Homer L. Bludau, City Manager, (949) 644 -3000 hbludau @city. newport- beach. ca. us SUBJECT: Establishment of the City Council Economic Advisory Committee ISSUE: Should the City Council have a committee to explore the feasibility of some proposals that could provide economic and fiscal benefit to the City? RECOMMENDATION: Adopt a Resolution Establishing the City Council Economic Advisory Committee. DISCUSSION: Staff is frequently approached by property and business owners inquiring about the feasibility of projects that have the potential to provide economic and fiscal benefits to the City. Although we can advise them on land use and other City regulations and fees, staff is not always able to assess the potential impact of the proposal, its acceptability to the community and the potential for City assistance. Without any feeling for the City's receptiveness to a proposal, the business community is hesitant to invest money in developing the idea, and Newport Beach could miss opportunities to improve the City's fiscal position. It would be helpful to staff and the business community to have a City Council committee with whom we could discuss these projects and assess their feasibility, thereby assisting proponents to decide whether to proceed. The City Manager believes a three (3) person Council subcommittee would prove valuable in this regard. Environmental Review: The establishment of a committee is not a project as defined by CEQA. Any proposal that would meet this definition would be subject to environmental review. Submitted by: Homer L. Bludax City Manager Attachments: Resolution RESOLUTION NO. 2003- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ESTABLISHING THE CITY COUNCIL ECONOMIC ADVISORY COMMITTEE WHEREAS, the City Council has an Economic Development Policy, which "...recognizes that the City's ability to deliver quality municipal services is dependent on adequate tax revenues derived principally from the properties and businesses located within the City;" and WHEREAS, the City Council is aware that property and business owners may be reluctant to invest in developing plans and making applications to the City without some knowledge of the feasibility and interest of a proposal to the City; and WHEREAS, without a good means of providing such information, the City may miss opportunities to improve its ability to provide quality municipal services; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach as follows: Section 1. The City Council Economic Advisory Committee is hereby established. Section 2. The Committee shall consist of three members of the City Council. Section 3. The Committee shall have the following duties and responsibilities: a. Meet with City staff and /or business and property owners to explore the potential fiscal, economic and other impacts of possible projects, and their feasibility. b. Direct staff and /or business and property owners to research or demonstrate the potential impacts or feasibility of projects. ADOPTED this day of March 2003, MAYOR ATTEST: CITY CLERK