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STUDY SESSION AGENDA CITY COUNCIL MEETING CITY OF WHEAT RIDGE, COLORADO City Council Chambers 7500 W. 29th Ave. April 4. 2011 6:30 p.m. Individuals with disabilities are encouraged to
participate in all public meetings sponsored by the City of Wheat Ridge. Call Heather Geyer, Public Information Officer at 303-235-2826 at least one week in advance of a meeting if you
are interested in participating and need inclusion assistance. APPROVAL OF AGENDA .1. Staff Report(s) a) Code of Ethics -Metro Denver Economic Development Corp. 2. Amended and Restated
IGA -Clear Creek Crossing Project
" ~ -( ,,: ~ ff . . City of ·~Wheat~ge ~OFFICE OF THE ClTY MANAGER TO: THROUGH: FROM: DATE: SUBJECT: Memorandum Mayor and City Council {\ ~ Patrick Goff, City Manager~ Steve Art, Economic
Development and Urban Renewal Manager ~ March 17,2011 Metro Denver Code of Ethics As the Mayor and Council may be aware, the City of Wheat Ridge has worked cooperatively with its sister
Cities and Counties in the fair and ethical support of business attraction and retention. In this light, the Metro Denver Economic Development Corporation and its membership have been
asked to endorse a Code of Ethics (the "Code"). The main emphasis of the Code is to protect member municipalities and their economic development effolis from what is commonly referred
to as 'poaching' of business; wherein one municipality attempts to lure a business away from a neighboring community. The Code states that we strive to sell "Metro Denver First" and
our individual communities and projects second. The Code addresses issues such as confidentiality, confidentiality, ethical behavior, cooperation, and transparency between communities
where, in the event that a business from a member community contacts another city relating to relocation, every effort will be made to contact the affected municipality and let them
know of the impending move. The City Manager and the Economic Development Manager have been asked to sign the attached Code intended to strengthen and broaden the ethical behavior and
cooperation between municipalities and member organizations. Wheat Ridge previously executed the Code, but staff is unable to detennine the last time this agreement was executed. This
memo is presented to Council because as members of the Metro Denver Economic Development Corporation, City Council, commissions and staff are expected to adhere to the Code presented.
Unless there are concerns with the Code, staff will execute the Code as requested by the Metro Denver Economic Development Corporation.
.. Metro Denver ~ Economic Development Corporation CODE OF ETHICS INTRODUCTION The Metro Denver Economic Development Corporation (Metro Denver EDC) is committed to the economic development
and growth of the metro Denver region. The EDC brings together the interests of a broad range of public, private, and public /private groups to promote the metro Denver area as a single
economic entity. The collaboration of such a variety of groups and interests requires that certain standards of conduct must be developed and adhered to for the Metro Denver EDC to meet
its goal. This Code of Ethics represents the standards that each member of the Metro Denver EDC supports and practices in its daily conduct of business. PREAMBLE We, the members of the
Metro Denver EDC, set forth the following principles of behavior and standards of conduct to guide efforts in promoting the long-term economic health of the metro Denver community. We
fully realize that no Code of Ethics is of value without an inherent level of trust in the integrity of one another and a commitment from each of us to conduct ourselves at the highest
levels of professional conduct. The Metro Denver EDC was founded on the respect and trust of its members. In that spirit, we set forth this Code of Ethics. • We are committed to the
promotion of metro Denver as a desirable business location for new and expanding companies. When representing the Metro Denver EDC, we shall endeavor to sell "Metro Denver First" and
our individual communities and projects second. • We shall honor the confidentiality requested by both our fellow members of the Metro Denver EDC and our prospects. Information shared
with our fellow members in confidence shall remain in confidence. Transactions are to be driven by the client. In the event a company chooses to relocate from one community to another,
every effort will be made to contact the affected community to let them know of the potential move. Violation of this commitment shall be viewed as the single most serious breach of
our membership membership pledge to the Metro Denver EDC. • We are committed to the concept of competition for locations and expansions among our individual communities and projects,
provided that the prospect has asked for specific proposals or has settled on a metro Denver location. • At no time shall any member of the Metro Denver EDC solicit a fellow member's
prospects. • We are committed to working together with the real estate community and are in no way in direct competition with them. Economic developers are a resource and facilitator
in the site selection process. CONFIDENTIALITY OF PROSPECTS • We are committed to sharing among our membership as much information as is necessary and prudent on any activity undertaken
by or in the name of the Metro Denver EDC. Our guiding principle shall be that "more information is better than less." At no time shall any economic development organization member of
the Metro Denver EDC advertise or promote its respective area to companies within another member's geographic area in a manner that is derogatory or insulting to the other geographic
area. "Selling against" another member of the Metro Denver EDC or another Colorado community, or direct solicitation of intrastate relocations, is strongly discouraged. We are committed
to locating prospects in the metro Denver region. In the event that our local jurisdictions cannot meet the needs of a particular prospect we shall communicate with our fellow members
in an effort to meet the company's needs elsewhere in the metro Denver area. Economic development organizations shall hold all site and building information provided to the Metro Denver
EDC by member real estate brokerage firms in the strictest confidence. Said information shall not be printed, copied, and shown in any manner to any entity other than prospects or their
direct representatives . In all instances members of the Metro Denver EDC shall honor the confidentiality of individual prospects. Whenever possible, specific information on particular
transactions shall be shared within the realm of the Metro Denver EDC and the Governor's Office of Economic Development and International Trade. In those instances where prospects are
dealing with individual communities, information will only be shared by Metro Denver EDC staff and the local ED representatives involved, In instances, where a prospect wishes to remain
completely confidential with an individual community, the remaining members of the Metro Denver EDC shall honor that confidentiality and shall in no way attempt to intervene in the relationship.
The prospect will remain confidential until the prospect chooses to announce. MARKETING Any member of the Metro Denver EDC that develops a prospect generated from national advertising
and tradeshows sponsored by the Metro Denver EDC shall utilize the "Prospect Tracking System" of the Metro Denver EDC in all contacts with the respective prospect. Members are strongly
discouraged from advertising in loc al media outside of their own market area. (November 2004)