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STAFF REPORT <br />DATE: February 21, 2023 <br /> REGULAR <br /> <br />AGENDA ITEM: 2023-2024 Lake Elmo Economic Development Authority Work Plan <br />TO: Mayor and City Council <br />SUBMITTED BY: Kristina Handt, City Administrator <br /> <br />BACKGROUND: <br />The city council last approved the 2022-2024 EDA work plan in March 2022. The EDA met on November <br />15, 2022 to update it for 2023-2024. <br /> <br />ISSUE BEFORE COMMITTEE: <br />Should Council approve the 2023-2024 EDA Work Plan? <br /> <br />PROPOSAL DETAILS/ANALYSIS: <br />There were minor changes to the work plan from the one approved by council last year. First, the EDA <br />would like to continue the BRE efforts into 2023. In 2022 they were able to reach a number of businesses <br />in the Old Village and began contacting those south of 10th St between Inwood and Keats. More time is <br />needed to reach out to businesses in all areas of the city. An interim report on their efforts and feedback <br />will be supplied to the Council in the near future. <br /> <br />The second change was to the second action step under goal 2. Rather than the city engaging a consultant <br />to conduct a labor study. We will look to get information from the one Washington County CDA is <br />undertaking this year with their consultant. In their study they are breaking up the county into 3 sections <br />and Lake Elmo will be part of the middle section. <br /> <br />FISCAL IMPACT: <br />Most of the items initially can be completed with staff and commissioner time. <br /> <br />RECOMMENDATION: <br />“Motion to approve the 2023-2024 Lake Elmo EDA Work Plan” <br /> <br />ATTACHMENT: <br />• 2023-2024 Lake Elmo Economic Development Work Plan