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THE CORPORATION OF THE CITY OF PORT COQUITLAM
MEMO

City Administrator.

FROM: W. Brown,
Director of Community Planning.

SUBJECT: Partners in Enterprise Programme.

COUNCIL

DEC 16 1985

TO: B.R. Kirk, + DATE: Dacember 11, 1985

RECOMMENDATION:

The. Economic Development Committee recommends to City Couneil that the
Clerk's Office be directed to prepare a resolution to participate in the

Provincial government's Partners in Enterprise Programme.

COMMENTS :

1) Based on the preliminary calculations of city staff it appears that
participation in the programme would result in benefit to the City.
The benefit is that there would be more programme grants coming into

the City than tax forgone.

2) It should be noted that the recommendation of participation based on
the net benefit to the City is assuming thea City will carry out the
grantable activities. The activities Proposed to be carried out
include; Economic Development Officer and engaging in an advertising
campaign. Engaging in these activities will require that .a staff
member be assigned; full time to economic development and that a budget
allocation of $5,000 be made for advertising. The staff member is
viewed as a fixed cost, as they are ‘already in the City’s employment.

The advertising cost would be new item as the Cc

ity now budgets about

$1,0GO for the Economic Development Committee to carry out its work.

3) There are several options for vacant bu
than 50 percent for new construction.
City Council not enter into these optio

iidings and reductions greater
This report is recommending that
mal elements at this time.

Rather, it is suggested that Council wait, until they are attempting to
attract a special proposal, when thesa features might be useful.

WB/ms

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