Title
Presentation by the Economic Growth Board: Community Improvement Corporations (CIC)
Executive Summary: The Hudson Economic Growth Board would like to present to Council why they believe the creation of a Community Improvement Corporations (CIC) could be a useful tool to assist the City in accomplishing its economic development goals.
Body
Legislative History
None.
Purpose & Explanation
The Hudson Economic Growth Board (EGB) has analyzed what a Community Improvement Corporations (CIC) is and how it’s used. Based on their research, the EGB would like to present to Council why they believe this tool could be useful for the City of Hudson.
Timing Considerations
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that Hudson City Council consider creating a Community Improvement Corporations (CIC).
Submitted by,
Jane Howington, City Manager
Charles E. Wiedie, Economic Development Director