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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: <br />Key Contributors: <br />Community Development Staff <br />Key guidance provided by City Council <br />at a work session(s) to be scheduled, <br />EDAC. <br />c. Funding Source: General Fund — CD and Economic <br />Development (Staff Time) <br />STATUS: Meeting date needs to be determined by council. <br />b. Specific Performance Objectives for Calendar Year 2009 <br />(1) Objective: Continue with developing city council guidance on the <br />Economic Development Plan that will be established in support of <br />the adopted Comprehensive Plan (Ongoing) <br />a. Key Action Steps: <br />i. Complete any work remaining from 2008, prepare any <br />needed refinements or updates to economic <br />development strategy <br />ii. Re- evaluate EDAC 5 -year plan to determine if it <br />remains relevant to current Comp Plan and Council's <br />economic development goals <br />iii. Provide input into EDAC development of its 1 -year <br />action plan <br />iv. Adopt EDAC's economic development plans <br />b. Lead Parties: Community Development Staff <br />Key Contributors: <br />Key guidance provided by City Council, <br />with possible assistance of Economic <br />Development Advisory Board, Economic <br />Development Consultants, Developers <br />c. Funding Source: General fund — CD Budget, Contingency <br />• <br />• <br />• <br />