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Resolution No. 13-41 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 13- q' A RESOLUTION SUPPORTING AN APPLICATION FOR A TECHNICAL ASSISTANCE- GRANT FROM THE DEPARTMENT OF LAND CONSERVATION AND DEVELOPMENT WHEREAS, the City of Tigard has made econonuc development a priority, as outlined in Goal 9 of the City's Comprehensive Plan;and WHEREAS, this goal focuses on providing adequate opportunities for a variety of economic activity vital to the health,welfare and prosperity of citizens;and WHEREAS, key findings from Goal 9 of the Comprehensive plan recognize there is a limited supple of useable Property in the City both zoned and suitable for industrial and employment uses as a complement to existing retail and cornrnercial property;and WHEREAS, the City of Tigard's Comprehensive Plan Goal 9.1 outlines policies that support well-designed and efficient development of underutilized industrial property;and WHEREAS, the City of Tigard's 2011 Economic Development Opportunities Analysis documents a deficiency in vacant industrial lands stutable for job creation and employment;and WHEREAS, Tigard's location at the crossroad of transportation corridors 1-5, H,,,,7)7 217 and 99\\% is a major advantage to attracting manufacturing,industiv and employment and WHEREAS, encouraging and facilitating private sector investment in the form of infrastructure and job creation on industrial and employment lands is an appropriate role for Tigard's Economic Development program;and WHEREAS, the Department of Land Conseivation Development has competitive grant funds available to municipahties to support economic development through planning projects;and WHEREAS, a priority for the 2013-2015 DLCD Technical Assistance grants is the creation of infrastructure finance plans to help local governments prepare for and fund local infrastructure to support growth and development;and WHEREAS, complexity and uncertainty of public infrastructure financing is a barrier to development envisioned on'Tigard's industrial and employment properties;and WHEREAS, A site-scale infrastructure finance plan removes fiscal uncertainty from a complex project that includes: public sector partners, private sector partners, benefits that accrue to the community, benefits that accrue to investors, short and long-term financial decisions, and a range of physical improvements on more than 42-acres of property; and WHEREAS, the grant will assist the city and the 1---konomic Development Office in gaining public and private sector financial support for new public infrastructure and further private sector investment;and RESOLUTION NO. 13-A,I I Page 1 WHEIu AS,a resolution of support from the Cite Council is a required component of a grant submission. NOW,THEME OR]---,BF-`TT RE-SOLVED by the'Tigard Cite Council that: SECTION 1: The Tigard Cite Council supports the submission of an application for a 2013-15 DLCD Technical Assistance Grant. SECTION 2: This resolution is effective iunmediately upon passage. �-h PASSED: 'This day of ���-ems 2013. ��U 01 Mayo Cite of Tigan ATTEST: City Recorder- City of"Tigard RESOLUTION NO. 13-� page 2