Agenda Date: 04/02/2024
Subject:
Title
Resolution 43-2024: Authorizing an Intergovernmental Agreement between the City of Littleton and the City of Englewood designating City of Littleton a Subzone Administrator of the South Metro Enterprise Zone
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Cindie Perry, Economic Development Director
Presentations:
Cindie Perry, Economic Development Director
PURPOSE:
To approve a resolution authorizing an Intergovernmental Agreement between the City of Littleton and the City of Englewood designating City of Littleton a Subzone Administrator of the South Metro Enterprise Zone specifically for administration of Contribution Projects within City of Littleton zone boundaries as outlined on the attached map.
Currently, the City of Englewood is the designated Enterprise Zone Administrator for the South Metro Enterprise Zone for the cities of Sheridan, Littleton, Englewood, and the Town of Parker. The current zone administrator does not have the capacity to administer a Contribution Project in another jurisdiction. Additionally, it would provide greater transparency for a city to oversee a Contribution Project within its own jurisdiction. City of Littleton economic development staff would continue to promote all other programs available with the Enterprise Zone program and administration of those programs would continue to be overseen by the City of Englewood as it is currently.
LONG-TERM OUTCOME(S) SERVED:
A Robust and Resilient Economy; Vibrant Community with a Rich Culture
DISCUSSION:
Contribution Projects are a state-sponsored economic development tool created to focus community engagement on an issue or opportunity to elicit a shift, create something, and accomplish a stated goal within a defined period. Projects must focus on improving economic conditions and have measurable outcomes. The goal is to garner public participation and contributions for projects that improve the economy for the benefit o...
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