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• <br />• <br />• <br />WS — Item 1 <br />WORK SESSION STAFF REPORT <br />Work Session Item 1 <br />Date: June 1, 2009 <br />To: City Council <br />From: Mary Alice Divine <br />Re: EDAC Plan and Special Meeting <br />Background <br />The Economic Development Advisory Committee (EDAC) has completed an update of <br />its Five -Year Plan and its One -Year Action Plan. <br />As part of the Economic Development Advisory Committee's original work program, <br />EDAC had an objective to develop a Strategic Plan and update it once every five years. <br />This plan is a broad based outline of goals and objectives for furthering economic <br />development. From this Strategic Plan, they develop a One -Year Action Plan more <br />specific to projects and programs to meet economic development goals and objectives. <br />One of the economic development goals in the draft Comprehensive Plan is to have <br />EDAC continue this work program. EDAC last reviewed the Strategic Plan in 2005, and <br />concluded that in light of the economic development goals and objectives in the draft <br />Comprehensive Plan that it would be appropriate to review the Strategic Plan before <br />updating the One -Year Action Plan to ensure EDAC's goals are in line with the Comp <br />Plan goals. <br />Included in your packet are the drafts of the updated 2010 -2015 Strategic Plan and the <br />2009 -2010 Action Plan. EDAC is asking the City Council to consider these plans and <br />approve them as an indication of the continued validity of EDAC's goals and objectives. <br />In addition, one of the city council goals for 2008 -2009 included expanding and <br />enhancing the city's tax base. Two of the action steps to accomplish that goal were to <br />meet jointly with EDAC to clearly define council's economic development objectives <br />and EDAC's role in meeting those objectives; and establishing a communication <br />1 <br />