08/24/2009 Council Packet - Laserfiche WebLink

Home Search

• • • AGENDA ITEM 6A STAFF ORIGINATOR: Mary Alice Divine C.C. MEETING DATE: August 24, 2009 TOPIC: Consideration of Approval of EDAC 5 -year Strategic Plan and 2010 Action Plan BACKGROUND The Economic Development Advisory Committee (EDAC) has as its directive to help the city council encourage growth of new and existing business. EDAC has revisited and updated its long -range economic development plan and one -year action plan per the economic development goals in the draft Comprehensive Plan. The five -year plan is intended to be a general guide for economic development, while the one -year plan outlines more specific goals and objectives based on current market conditions, opportunities and constraints. The Tong -range plan reviews past accomplishments and recognizes that the slowdown in market conditions is a time for preparing Lino Lakes to be well prepared to manage future economic growth. EDAC's focus is on attracting high value industrial, business and services to the community that have an emphasis on job creation and provide needed goods and services to the residents of the city. EDAC's one year - action plan focuses on facilitating the redevelopment of the intersection of Hodgson Road and County Road J, and working with the development and investment community to complete the Town Center while being adaptable to current market conditions. EDAC is also working on developing criteria for evaluating prospective development so that EDAC and the city council can work together to balance the rights of property owners, residents and developers in order to achieve development that improves the community as a whole. OPTIONS 1. Council approve the EDAC Strategic Plan and One -Year Action Plan 2. Council retum to EDAC for revision ATTACHMENTS 1. EDAC 5 -year strategic plan 2. EDAC 1 -year action plan