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CITY OF LINO LAKES <br />FIVE YEAR ECONOMIC DEVELOPMENT PLAN <br />2005 <br />A. BACKGROUND <br />In 1992 the City of Lino Lakes adopted an Economic Development Plan and established <br />the Economic Development Authority Advisory Board (EDAAB). Its mission was to 1) <br />actively promote the development of quality commercial, retail and Tight industrial <br />businesses within the City of Lino Lakes, and 2) maintain and encourage the growth of <br />existing businesses within the City of Lino Lakes. In 1994 the city expanded EDAAB to <br />provide broader community participation. In 1998 EDAAB changed its name to the <br />Economic Development Advisory Committee (EDAC) to reflect its status as a volunteer <br />advisory group rather than an official board required by state statute, but its mission <br />remains the same. <br />EDAC established goals within the original economic development plan, and updates its <br />goals within its one -year action plan. To date, the action plans have resulted in the <br />location of approximately 66 businesses in the city in 44 building projects with an <br />additional market value of approximately $80 million. <br />This five -year strategic economic development plan revisits and revises those original <br />goals to reflect the efforts accomplished since 2000, changing needs of the community, <br />and new development options. <br />B. INVENTORY <br />Lino Lakes is a city covering an area of approximately 33 square miles located in the <br />northeast part of the Twin Cities metropolitan area. A high amenity community, the <br />current population of Lino Lakes is approximately 19,000. <br />In the central part of the city, the Rice Creek Chain -of -Lakes Regional Park preserves <br />3,500 acres of lakes, shore land, and rolling topography in a unique natural environment. <br />In addition, there are 13 lakes and extensive areas of wetlands. The lakes, wooded area, <br />and parks will preserve natural habitat as population growth continues. <br />Under the comprehensive plan adopted in 2002 the city had approximately 450 acres of <br />land designated for commercial, and 1,220 designated for light industrial (including the <br />Rural Business Reserve). <br />1 <br />