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Laramie council codifies broader uses for Economic Development Fund, votes 9-0
Summary
The Laramie City Council approved a resolution clarifying that the city's Economic Development Fund may be used for general economic development expenditures, while remaining a separate special revenue fund. The measure passed 9-0 after staff and councilors debated restrictions and oversight.
The Laramie City Council on Feb. 4 approved Resolution 2025-16, clarifying the purpose and permitted uses of the city's Economic Development Fund and authorizing the mayor and city clerk to sign the resolution. The council voted 9-0.
City Administrative Services Director Jennifer Wade told the council the fund was created more than 20 years ago as a revolving loan fund but has, over time, been used for a broader set of economic development purposes under multiple negotiated agreements. Wade said the fund's cash is effectively divided into subcategories based on restrictions in those agreements, and that the resolution would codify the longer-standing practice of using the fund for a range of economic…
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