§ 2-121. General.

The city's economic development program shall do the following:

(1)

Establish and update from time to time an incentives plan for the implementation of development incentives to provide for quality controlled growth, retention, redevelopment, and recruitment of new businesses and residential developments within the parameters of the city's comprehensive plan.

(2)

The city will develop, from time to time and in conjunction with the Development Authority of Powder Springs and other appropriate boards and authorities, such amendments as may be deemed necessary for the mayor and council's consideration and adoption.

(3)

The city will coordinate with local, state, and federal agencies and such other businesses and organizations to encourage new business and residential development and the redevelopment and retention of existing businesses.

(4)

The city will develop and maintain an inventory of prospective properties subject to development and redevelopment.

(5)

The city shall prepare an analysis of the economic impact of a targeted development.

(6)

The city shall be authorized to offer incentives to targeted developments in accordance with the incentives plan.

(Ord. No. 2002-05, 6-17-02)