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CORRESPONDENCE - 75D
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11/19/2019
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CORRESPONDENCE - 75D
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5/12/2020 3:16:37 PM
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11/13/2019 5:37:16 PM
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City Clerk
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Agenda Packet
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11/19/2019
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competition and, consequently, generation of these tax dollars will be cyclical. Any city relying <br />heavily on sales tax to fund operations will be vulnerable. <br />Pasadena has the opportunity to be proactive in considering its economic future. Now, as the <br />City reviews the general plan, the opportunity is presented to stabilize Pasadena's economic <br />future and enhance the city's economic base by encouraging appropriate office development and <br />creating an environment that facilitates leasing of existing office space. This will lessen the <br />City's reliance on the cyclical revenues generated by retail sales. <br />
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