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• <br />• <br />propose that the city proceed and who should be involved? (This <br />guidance should define the parameters in which staff is to operate <br />in response to economic development opportunities /inquiries <br />brought forth by developers and businesses) (Fourth Quarter 2008) <br />a. Key Action Steps: <br />i. Prepare, approve, and carry out an economic <br />development strategy as an implementation action of <br />the Comprehensive Plan. <br />b. Lead Parties: Community Development Staff <br />Key Contributors: Key guidance provided by City Council <br />at a work session(s) to be scheduled, <br />with possible assistance of: <br />Comprehensive Plan Advisory Panel <br />Planning and Zoning Board <br />Economic Development Advisory Board <br />Economic Development Consultants <br />Development Sector <br />c. Funding Source: General Fund — CD Budget / <br />Economic Development Budget <br />(2) Objective: Based upon the outcome of Objective 1, determine the <br />role city council wishes for the Economic Development Advisory <br />Commission (EDAC) (Fourth Quarter 2008) <br />a. Key Action Steps: <br />i. Meet jointly with EDAC to clearly define council's <br />economic development objectives and EDAC's role in <br />meeting those objectives <br />ii. Establish a communication procedure so EDAC can <br />better understand the correlation between EDAC <br />recommendations and council's economic <br />development decisions <br />b. Lead Parties: Community Development Staff <br />Key Contributors: <br />—29— <br />Key guidance provided by City Council <br />at a work session(s) to be scheduled, <br />EDAC. <br />9 <br />