Economic Development Policy

Northern Wasco County People's Utility District

The Board of Directors of the Northern Wasco County People's Utility District believe the following conditions to be true:

  1. The District can, by statute, participate financially in Economic Development activities;
  2. The Board is willing to accept the District's role of Economic Development participant;
  3. A need for financial investment exists in today's regional Economic Development program;
  4. The Board has authorized $30,000 for Economic Development by adopting the Year 2008 operating budget.
     
GOAL:     
The Northern Wasco County People's Utility Disctrict will fund economic development projects within the district, limited in amount as identified in the annual operating budget.

  1. Grants will be made for infrastructure or property with an expected life of at least five years;
  2. No single grant will be for more than 40% of total available for the year;
  3. Projects will not be funded more than twice in any five year period;
  4. The Board will consider any and all grant requests at its regular Board of Directors meeting in May. Any budgeted funds not allocated at that time can be awarded at the Board's discretion based on other established criteria;
  5. The Board, at its sole discretion, may choose to fund or not fund any grant request;
  6. It is not the intention of this policy to fund private, for-profit ventures.
  7. Determination of whether a proposal constitutes economic development is solely within the discretion of the Board of Directors.
  8. If project has not commenced within a year from the date of the award, the grant will be forfeited without special approval by the board.
  9. Grant proposals will include, at a minimum:
    1. Brief history of requesting organization.
    2. Description of project:
      1. How will this be of economic benefit to the community?
      2. What steps are being taken to bring the project to a successful completion (include dates and name of person responsible)?
      3. What other community resources are being utilized?
      4. How will the recipient organization contribute back to the community?
      5. Detailed budget including contributions of materials and labor.