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CC Resolution No. 2984 RESOLUTION NO. 2984 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, ADOPTING THE MISSION STATEMENT, AND ESTABLISHING THE POWERS AND DUTIES, OF THE BAYTOWN ECONOMIC DEVELOPMENT ADVISORY COMMITTEE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************************************* WHEREAS, on or about October 26, 2023 the City Council of the City of Baytown, Texas passed Resolution 2869 creating the Baytown Economic Development Advisory Committee; and WHEREAS, the City Council now desires to adopt a mission statement for the Committee and define its powers and duties; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS: Section 1: That the City Council hereby finds that all matters and facts set forth in the recitals above are true and correct. Section 2: That the primary mission of the Economic Development Advisory Committee is to support the City of Baytown's economic growth through the strategic management and promotion of the Baytown Catalyst Fund. The Committee will collaborate with City economic development staff to identify, evaluate, and recommend funding opportunities that enhance the quality of life in Baytown. Through its role, the aim is to foster business growth, economic development, and community improvement, ensuring that all funding initiatives align with the City's broader economic prosperity goals. Section 3: That the Baytown Economic Advisory Development Committee shall have the following powers and duties, with the primary focus on the management and recommendation of the Catalyst Fund: 1. Review and Recommend Changes to Economic Development Policies: The Committee will review and propose updates to the City's economic development policies as they relate to the Catalyst Fund and other economic development initiatives. 2. Develop and Implement Strategy for the Catalyst Fund: The Committee will work to develop an action strategy for the Catalyst Fund, ensuring that it supports the goals of the Economic Prosperity Roadmap and Strategic Tourism Action Plan. Recommendations for revisions to the Catalyst Fund or related programs will be submitted to the City Council. 3. Monitor Implementation of the Catalyst Fund: The Committee will monitor the implementation of the Catalyst Fund,ensuring that projects funded align with the City's economic development priorities.The committee will submit an annual report to the City Council on progress made through the Catalyst Fund. 4. Review and Recommend Catalyst Fund Applications: The Committee will review applications submitted for the Baytown Catalyst Fund that have succeeded to the final round of evaluation.The Committee will make recommendations to the City Council regarding the funding and allocation of these resources. 5. Other Delegated Functions: The Committee will perform other functions related to economic development and the Catalyst Fund as may be delegated by the City Council Section 4: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 13"day of March, 2025. RLES JO NSON, Mayor ATTEST: v �1 ANGE A J K it APPROVED S '9 F ?ESP SCOTT L 1 y ttorney R:\Ordinances and Resolutions Resolution Drafts City Council'2025-03-13 Resolution EDAC Powers and Duties-SL.docx 2