HomeMy WebLinkAbout(2011, 09/27) - K-10 - Amended - changed to D-9K-10
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ECONOMIC DEVELOPMENT POLICY
PURPOSE
The City Council recognizes that the City’s ability to deliver quality municipal services
is dependent on adequate tax revenues derived primarily from the properties and
businesses located within the City. Healthy, thriving businesses not only increase
property, sales and bed taxes, but they also provide employment opportunities that
support local businesses and the strong residential property values that Newport Beach
enjoys. The City Council seeks to promote economic prosperity and growth within the
City to maintain and enhance a healthy economy, provide revenues for high quality
municipal services, and infrastructure maintenance and improvements, and preserve
the unique commercial villages in Newport Beach. All of these objectives serve the
overriding purpose of protecting the quality of life of Newport Beach residents, and the
City Council recognizes the need to balance economic development objectives with
protection of the environment and the health and safety of the community.
POLICY IMPLEMENTATION
This Policy shall be implemented by the City Manager with an annual update to the
City Council as to the outcomes and progress of the City’s economic development
strategic initiatives. The City Manager shall provide an effective and efficient structure
for implementing economic programs, utilizing staffing or consulting services in
support of annual key directives from the City Council.
Adopted – March 22, 1993
Amended – January 24, 1994
Amended – May 8, 2001
Amended – June 10, 2008
Amended – September 27, 2011
Formerly F-28, F-17