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Resolution No. 84-64 CITY OF TIGARD, OREGON RESOLUTION NO. 84- (n V A RESOLUTION OF THE TIGARD CITY COUNCIL ENDORSING WESTERN INTERNATIONAL PROPERTIES APPLICATION FOR APPROVAL FROM THE STATE OF OREGON ECONOMIC DEVELOPMENT DEPARTMENT TO ISSUE INDUSTRIAL REVENUE BONDS. WHEREAS, the Tigard City Council finds that Western International Properties proposes to construct a new industrial/business park at the intersection of 72nd Avenue and Tech Center Drive which would foster economic growth in compliance with the City of Tigard's adopted Comprehensive Plan; and WHEREAS, the land to be utilized by Western International Properties is designated on Tigard's Comprehensive Plan as I-L (Industrial Light) and zoned I-P (Industrall Park); and WHEREAS, the Economy Element of the Comprehensive Plan contains an action plan which includes goal 5.1.1 which reads "The City shall promote activities aimed at the diversification of the economic opportunities available to Tigard residents with particular emphasis placed on the growth of the local Job market".; and WHEREAS, the Tigard City Council has created an Economic Development Committee to assist the city in developing and implementing an economic development program; and WHEREAS, the Committee hopes to assist in creating and maintaining new and continuous employment opportunities in the City while improving, developing and stabilizing the economic base; and WHEREAS, the proposed construction by Western International Properties would add 67,200 square feet of building space for businesses requiring flexible industrial warehousing/light manufacturing space; and WHEREAS, the new industrial space will create up to 324 new employment opportunities and have a positive impact on Tigard's economy; and WHEREAS, in order that Western International Properties may file an application to issue Industrial Revenue Bonds the Tigard City Council must find that the project is in compliance with the City of Tigard's plan; and WHEREAS, the City Council finds that the proposed construction by Western International Properties in Tigard is in compliance with the adopted economy element of the Comprehensive Pian, the adopted purpose of the Economic Development Committee, and the City's zoning and comprehensive plan maps. f RESOLUTION NO. 84- Page 1 NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that the City of Tigard supports the application of Western International Properties to receive approval from the State of Oregon Economic Development Department to issue Industrial Revenue Bonds. PASSED: This /o day of „� '� , 1954. .11-14-Yor. — City of Tigard ATTEST: Deputy City Recor, — City of Tigard (WAM:pm/0606P) RESOLUTION NO. 64— � Page 2