Stillwater News Press

Local News

January 6, 2013

Stillwater City Council to consider economic advisory council

STILLWATER, Okla. — City councilors will be asked to sign a memorandum of understanding to create an economic advisory council at the 5:30 p.m. Monday City Council meeting at the Stillwater Municipal Building, 723 S. Lewis.

The agreement is between the city, Stillwater Chamber of Commerce, Stillwater Industrial Foundation and Oklahoma State University to create the Stillwater Economic Development Advisory Council.

According to the memorandum, the economic council will provide recommendations for spending, but not have the power to authorize expenditures or create policy.

Mayor John Bartley said the economic council would formalize a cooperative effort between the entities.

“It’s the best way for us to succeed, to know what everyone’s doing and make sure there are no overlaps or gaps,” Bartley said.

The city has taken steps to promote sales tax revenue and consumer spending. The Chamber is more focused on industrial recruitment and manufacturing, Bartley said.

The inclusion of OSU will help in areas like aerospace, Bartley said. He said the economic council would help coordinate bringing more technology-orientated businesses to Stillwater.

The Stillwater Industrial Foundation is a non-profit corporation which owns and sells property for industrial development.

The foundation works in conjunction with the Chamber.

Bartley said the purpose of creating the economic council is to foster cooperation and coordination among each entity.

There will be eight voting members, two from each of the four entities. The Stillwater City Manager and the Stillwater Chamber President will be non-voting members, according to the memorandum.

Bartley said each entity will have its own process for deciding members. City Council will treat the economic council like an ad hoc committee, he said. City Council has ad hoc committees such as a capital improvement committee and a city audit committee.

Bartley said he expects the economic council will meet monthly or bi-monthly at first, then meet every other month or quarterly as needed.

According to the memorandum, the entities of the economic advisory council will identify voting and non-voting members no later than Jan. 31 and hold its first meeting in February.

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