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Greeley council replaces incentive ordinance with policy; council lowers manager approval threshold to $50,000
Summary
Council repealed the old business development incentive ordinance, adopted a new incentive policy by resolution and voted to reduce the city manager's administrative approval threshold from $100,000 to $50,000. The ordinance passed unanimously; the resolution and amendment passed 4-3.
The Greeley City Council on June 10 repealed the city's long-standing business development incentive ordinance and approved a new economic development incentive policy that moves incentive rules from city code into a policy document. Council also amended the policy process to reduce the city manager's administrative approval threshold from $100,000 to $50,000.
Michelle Claymore (staff) told council the city's existing incentive plan dated to 1986 and that adopting a policy rather than code language makes updates easier and gives staff clearer tools for tailoring packages to projects. "The old policy was very dated,…
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