HomeMy Public PortalAboutResolution 2015-10-02 Regarding Economic Development TOWN OF FRASER
RESOLUTION NO. 2015-10-02
A RESOLUTION REGARDING ECONOMIC DEVELOPMENT
WHEREAS, economic development can be defined as the sustained, comprehensive and
concerted actions of policy makers and communities that promote a higher standard of
living, a higher quality of life and economic health of a community; and
WHEREAS, a strong local economy is an important component of a sustainable community
(defined as including social, fiscal, and environmental sustainability);and
WHEREAS, the Town of Fraser's General Fund relies on local business success for sales
and property tax revenues (roughly 70% of all General Fund revenues) in order to fund
expenditures necessary to provide services to the community, and
WHEREAS, The Town of Fraser's 2015 Budget appropriates funds for economic
development purposes, including business enhancement grants and economic development
strategic planning, and
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1. The Fraser Town Board supports the following:
a. Retention and expansion of existing businesses in Fraser and measures to help
existing businesses thrive and grow.
b. Strategic recruitment of new businesses and location neutral workers to Fraser,
especially businesses that generate sales tax revenues.
c. Establishment of programs and initiatives targeted to enhance the local economy.
2. The Fraser Town Board directs staff to appropriate resources subject to standard
spending approval process' including Board approval of expenditures of$10,000.00 or
more towards the following:
a. A study of costs and fees related to business operation and development. This
study should evaluate the purpose and need of such fees and the impact of those
fees on business opportunities.
b. Implementation of strategic goals and initiatives as may be adopted in the pending
Economic Development Strategic Plan.
c. Development of fair and cost effective programs and strategies to assist existing
local businesses and attract new businesses.
d. Identify regional and statewide resources for business enhancement and
development and strategies to utilize those programs locally.
e. Provide models that demonstrate how any incentive programs would work
including revenue and cost projections.
f. Provision of infrastructure and amenities that improve the quality of life and support
effective business operations.
3. The Fraser Town Board will continue its efforts to collaborate with the Chamber of
Commerce and the Town of Winter Park where such collaboration can provide positive
economic development benefits to the Town of Fraser.
4. The Fraser Town Board will seek to continue these efforts and initiatives in 2016 and will
appropriate funding in the 2016 Budget accordingly.
5. This resolution should not be relied upon as commitment of funding or otherwise by any
business interest. Further, the Town Board will consider fairness, cost effectiveness, fiscal
constraints, financial policies, and Comprehensive Plan goals in any action to implement
proposed programs.
DULY MOVED, SECONDED, AND ADOPTED THIS 21st DAY OF OCTOBER, 2015.
TOWN OF SER BOARD OF T USTEES
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SEAL ATT STS
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00/ Lu Berger, Town Clerk
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