10/09/2000 Council Packet - Laserfiche WebLink

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• AGENDA ITEM 7A • • STAFF ORIGINATOR: Mary Alice Divine DATE: 10/9/00 TOPIC: Economic Development Advisory Committee economic development plan BACKGROUND: The Economic Development Advisory Committee (EDAC), has as its directive to help the city council encourage growth of new and existing business. EDAC has revisited and updated its original Tong -range economic development plan that was completed five years ago. The five -year plan is intended to be a general guide for economic development based on the draft Comprehensive Plan. EDAC updates a one -year action plan each year with more specific goals and objectives. EDAC had made a recommendation in the one -year action plan encouraging a specific housing mix in the Town Center. As discussions regarding housing goals in the draft Comprehensive Plan are still underway, Council's receiving of the EDAC plan was tabled on August 28. Council requested it be submitted at the October 9 Council meeting. EDAC revisited its recommendation and concluded that the draft Comprehensive Plan and local market conditions would best direct the housing mix in the Town Center and removed the specific recommendation. The committee did, however, supports a housing mix in the Town Center and revised its recommendation as follows: A diverse mixture of high density mufti-family homes, including rental and affordable* units, will be encouraged in the Town Center to help ensure the principles of Traditional Neighborhood Development are met. Specifically, this recommendation: • Supports the EDAC goal to provide necessary housing for the expanding commercial and industrial labor force in Lino Lakes; • Identifies the Town Center as an ideal location for high density multi - family development, including rental and affordable housing;