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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 />STATUS: Pending Completion of Comprehensive Plan <br />(2) Objective: Based upon the outcome of Objective 1, determine the role <br />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 development <br />decisions <br />b. Lead Parties: <br />Key Contributors: <br />Community Development Staff <br />Key guidance provided by City Council at a <br />work session(s) to be scheduled, EDAC. <br />c. Funding Source: General Fund — CD and Economic <br />Development (Staff Time) <br />STATUS: Meeting dates to be established following 2009 council <br />appointments <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 the <br />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 development <br />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 />10 <br />• <br />• <br />• <br />