Agenda Item 6
Robert H. Drummer, Senior Legislative AttomeyrQ
Bill 14-12, Economic Development Fund
Bill 14-12, Economic Development Fund - Amendments, sponsored by Council
President Berliner, and Council members Riemer, Ervin, and EIrich, is scheduled to be introduced
on March 20,2012. A public hearing is tentatively scheduled for April 10 at 1:30 p.m.
Bill 14-12 would require the Executive to propose and update an economic development
strategic plan, subject to approval by the Council. The success or progress of the strategic plan
must be measurable and include measures to address:
private sector compensation and benefits;
target geographic areas;
workforce education and training;
growth in tax base;
economic opportunity for residents;
encouragement of entrepreneurs and small business;
land use; and
other actions necessary to promote economic development in the County.
would also amend the Economic Development Fund (EDF) law by establishing
criteria for offers of assistance from the EDF, modify the time and content of the notice the
Executive must give to the Council before making a tentative offer of more than $100,000, and
require Council approval of a tentative offer of more than $500,000.
This packet contains:
Legislative Request Report
F:\LAW\BILLS\1214 EDF Amendments\Intro Memo.Doc