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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 />i. 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 />(2) Objective: Align Economic Development and Marketing <br />strategy to the Comp Plan. <br />c. Key Action Steps: <br />i. Identify opportunities for expansion of commercial <br />and industrial tax base (see Objective 1) <br />ii: Review and update EDAC economic development <br />goals and strategies to ensure it reflects: <br />7 <br />