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is not to simply give away public funds, but rather to incentive the growth of our local economy, <br />thus an increase in public funding coming in. As we have stated in the public purpose, "...this <br />Retail Economic Development Program is to protect and enhance the City's fiscal ability to <br />provide high quality municipal services for the safety, comfort and enjoyment of Paris residents." <br />The Retail Economic Development Agreement with Alpha Lake, Ltd. is in compliance with the <br />attached Program, minus them having filled out an application given the City did not have an <br />application prior to this night. <br />This program can always be amended by the City Council at a future date. So as we have new <br />ideas or opportunities, we can revisit this at that time. <br />BUDGET: <br />This item does not have a budgetary note. <br />OPTIONS: <br />1. Approve the resolution authorizing the new Chapter 380 Retail Economic Development <br />Program. <br />2. Request additional information, edits, and/or reject the resolution and advise City Staff. <br />RECOMMENDATION: <br />Approve the resolution authorizing the new Chapter 380 Retail Economic Development <br />Program. <br />