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AGENDA ITEM 6A <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 06/13/05 <br />TOPIC: Consideration of Economic Development Advisory <br />Committee 5 -year Strategic Plan <br />VOTE REQUIRED: Simple majority <br />BACKGROUND: <br />As part of the Economic Development Advisory Committee's original work <br />program, EDAC had an objective to develop a Strategic Plan and update it once <br />every five years. This plan is a broad based outline of goals and objectives for <br />furthering economic development. From this Strategic Plan, they develop a one - <br />year action plan more specific to projects and programs to meet economic <br />development goals and objectives. <br />EDAC reviewed the Strategic Plan for 2005 -2010 and eliminated some goals and <br />objectives that they felt had been accomplished and made some changes to, or <br />added, additional objectives. <br />As part of the Strategic Plan, staff updates an inventory of economic <br />development progress so that the committee can see the substantial <br />accomplishments made since its formation. <br />Included in your packet are the 2005 Strategic Plan, and for your comparison, <br />the 2000 -2005 goals and objectives. EDAC is asking for the City Council to <br />consider the plan and approve it as an indication of the continued validity of the <br />goals and objectives. <br />OPTIONS <br />1. Approve the Economic Development Advisory Committee 2005 Strategic <br />Plan <br />2. Do not approve the Strategic Plan <br />3. Return to EDAC for further consideration. <br />RECOMMENDATION: <br />Option 1 <br />