RESOLUTION No. 36331

Adopt a Comprehensive Economic Development Strategy for submission to the U.S. Economic Development Administration (Resolution)

 WHEREAS, the United States of America, Department of Commerce, Economic Development Administration (“EDA”) entered into a Financial Assistance Award Agreement with the City of Portland in August 2004, as certified in Ordinance No. 178264; and

 WHEREAS, the Award Period will conclude on September 30, 2005 with the completion of a Comprehensive Economic Development Strategy for the Portland-Vancouver metropolitan region and an application for a regional Economic Development District; and

 WHEREAS, a locally-adopted Comprehensive Economic Development Strategy is a pre-requisite to the formation of an Economic Development District and receipt of economic development funds from the U.S. Economic Development Administration; and

 WHEREAS, regional public and private partners have devised the Comprehensive Economic Development Strategy to provide technical and policy background for larger, private-sector-led regional business planning efforts currently underway; and

 WHEREAS, The City of Portland is the largest city in the Clark, Clackamas, Multnomah, and Washington region included in the Comprehensive Economic Development Strategy planning area; and

 WHEREAS, the County Commissions and City Council of the largest city in the region are required to approve by resolution the Comprehensive Economic Development Strategy as prepared by the Comprehensive Economic Development Strategy Committee; and

 WHEREAS, the CEDS has been prepared by a Strategy Committee composed of representatives from the City of Portland, Multnomah, Washington, Clackamas, and Clark counties, Metro, regional business organizations, economic development agencies, labor organizations, and chambers of commerce, and said Strategy Committee has recommended approval of said document; and

 WHEREAS, the draft Comprehensive Economic Development Strategy has been submitted for public review, and public meetings on said Strategy have been held;

 NOW, THEREFORE, BE IT RESOLVED, that the Portland City Council hereby approves the Comprehensive Economic Development Strategy, as prepared by the Comprehensive Economic Development Strategy Committee, and authorizes submission of said Strategy to the U.S. Economic Development Administration for consideration.

BACKING SHEET INFORMATION

AGENDA NO. 904-2005

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 36331