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ii. City Council determines whether to proceed <br />with phasing plan. If so, City Council identifies <br />preferred financing plan, and sets timeline for <br />Phase I improvements <br />iii. City staff analyzes /determines whether any <br />modifications to master plan are warranted <br />b. Lead Party: Public Services Department <br />Key Contributors: Finance Department <br />Springsted, Inc. <br />City Council <br />c. Funding Sources: Up to $10,000 for consultant fees to develop financing <br />options <br />6. Goal:Diversify, expand, and enhance the City's tax base. <br />A. Calendar Year 2007: <br />(1) Objective: Analysis of where economic development <br />opportunities exist within the City for expansion of the City's <br />tax base. <br />a. Key Action Steps: <br />Identify opportunities as part of Comprehensive Plan <br />Update Process <br />b. Lead party: Community Development Staff <br />Key Contributors: Comprehensive Plan Advisory Panel <br />EDAC <br />c. Funding Source: General Fund. Primarily Staff Time <br />B. Calendar Year 2008: <br />(1) Objective: Develop Marketing Plan. <br />b. Key Action Steps: <br />i. Complete market study based on identified available <br />commercial /industrial land uses <br />ii. Develop effective marketing materials based on <br />results of the market potential in Lino Lakes <br />b. Lead party: Community Development Staff <br />Key Contributors: EDAC <br />City Council <br />c. Funding Source: General Fund. Will need to provide <br />funding for Marketing Consultant <br />