The City Manager after approval of the governing body may assist
economic development projects in any legally permissible manner, including
but not limited to provisions of land, buildings and infrastructure,
provided that all the requirements of this chapter are met. The City
may provide land, buildings or infrastructure it already owns, or
it may build, purchase or lease the facilities needed for an economic
development project. The City at its discretion may bear the full
cost or contribute a portion of the costs, including the waiver of
applicable fees. The City, at its discretion, may also contribute
to the payment of costs for professional service contracts such as
industry feasibility studies and planning and design services needed
to implement a project.