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0 RESOLUTION WHEREAS, this Council is aware of and shares the concern being expressed in the community for the continued economic health and well being of our city, and WHEREAS, the Council believes that strengthening the City's overall economy is.essential for maintaining Charlottesville as a community in which our citizens will want to live and work; and WHEREAS, the Council recognizes that the tax base generated by economic development helps to provide the revenue necessary to support the essential public services and many of the civic and cultural amenities which have long made Charlottesville a desirable home; and WHEREAS, the City Council agrees that the principal impetus for economic growth must come from private investment and that the business community must assert leadership in this process; and WHEREAS, the City Council recognizes that government actions have profound effects on the economy of the community, and WHEREAS, the Council deems it appropriate that a clear expression • be made at this time of the basic policy of the city government regarding economic development; and WHEREAS, such a policy has been the subject of a public hearing before the Council on December 19, 1977, and has further been developed by the Council through discussions with numerous citizens of the community, including a respresentative group of business and civic leaders who attended a public meeting with the Council on January 9, 1978; Now, therefore, be it RESOLVED by the Council of the City of Charlottesville that the following goals and objectives constitute the economic development policy of the City of Charlottesville: GOALS 1. TO CREATE A CLIMATE, THROUGH DIRECT AND INDIRECT PUBLIC ACTION, WHICH WILL STIMULATE PRIVATE ENTERPRISE TO EXPAND AND/OR LOCATE IN THE CITY OF CHARLOTTESVILLE IN ORDER TO STABILIZE AND EXPAND THE TAX BASE AND IN ORDER TO PROVIDE PERMANENT JOBS TO MEMBERS OF THE COMMUNITY.