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1998-161-RES WHEREAS, ECONOMIC GROWTH THROUGH ONE BUSINESS RETENTION AND EXPANSION OF TWO RESOLUTION NO. 98-161 WHEREAS, economic growth through (1) business retention and expansion and (2) industrial recruitment is vital to the prosperity and stability of the community; and, WHEREAS, it is acknowledged that recruitment efforts by cities throughout the United States for new industrial startups and expansions is becoming increasingly competitive; and, WHEREAS, a planned, well-organized economic development program is necessary, not only to compete successfully for the recruitment of new industries, but also to assist existing industries with expansion plans; and, WHEREAS, a successful economic development program requires the commitment and cooperation of local government and the business community; and, WHEREAS, the "Lone Star City" program provides a means for cities to enhance their economic development efforts through a formal certification program stressing training and community preparedness and cooperation; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the City of Paris does hereby support the participation of the City of Paris in the Lone Star City Program and will cooperate, to the greatest extent possible, in assisting Paris to achieve designation as a Lone Star City. PASSED AND ADOPTED this 9th day of November, 1998. ATTEST: Mattie Cunningham, City Clerk APPROVED AS TO FORM: .. (~/ {: ti!!f? -(~ Scott P. Foster, City Attorney