§ 49-97. Preparation of economic development plan.

The Board shall adopt, and revise as necessary, by resolution, an Economic Development Plan for each Zone created by Ordinance, to provide for:

(A)

The appropriation or pledge of trust funds deposited or maintained in the Economic Development Trust Fund created for those Zones.

(B)

An economic development program identifying the public benefit to be derived, infrastructure necessary and required to implement and support such program, any incentives, regulatory or procedural changes, donations or contributions as may be deemed necessary to further economic development and/or redevelopment within the respective Innovation Zone and a fiscal and/or economic analysis as and to the extent deemed appropriate by the Board.

(C)

A partnership agreement, from one or more private entities, detailing a commitment to provide support in the form of financial funding, infrastructure improvements, land donations or other contributions, which in the discretion of the Board, promotes the viability and success of the Innovation Zone.

(Ord. No. 2010-20, § 8)