05-07-91 CCM - Laserfiche WebLink

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's— F� � (TI /04 PROPOSED "ECONOMIC DEVELOPEMENT BOARD" PURPOSE: TO SERVE AS A STEERING COMMITTEE TO ANALYZE (OR HAVE ANALYZED) THE CURRENT ECONOMIC CLIMATE AND DEVELOP* AGENDA FOR FUTURE ECONOMIC DEVELOPEMENT. THIS MUST BE CONSISTENT WITH THE LARGER GOAL OF PROVIDING A BALANCED AND RELIABLE REVENUE BASE WHILE MAINTAINING A 'RURAL' RESIDENTIAL CHARACTER TO THE CITY. TO CONSIST OF: SIX (6) BUSINESS/BANKING PROFESSIONALS AT LEAST ONE (1) MEMBER OF BANKING COMMUNITY AT LEAST TWO (2) MEMBERS OF EXISTING BUSINESS COMMUNITY AT LEAST ONE (1) MEMBER W/DEVELOPEMENT EXPERIENCE THREE(w) NON -BUSINESS ORIENTED "COMMUNITY" REPRESENTATIVES. TO BE APPOINTED BY THE MAYOR AND APPROVED BY THE CITY COUNCIL. SCOPE OF ACTIVITIES: TO DISCUSS AND REVIEW CURRENT ECONOMIC CLIMATE AND OUTLOOK FOR FUTURE GROWTH AND DEVELOPEMENT IN THE CITY OF LAKE ELMO. TO DEVELOPE AN AGENDA ARID MEANS (I.E. INSURE APPROPRIATE PEOPLE AND SKILLS ARE BROUGHT TO BEAR TO SECURE A RELIABLE REPORT) TO ACCOMPLISHING THE FOLLOWING: 1) DETERMIN CURRENT BUSINESS CLIMATE A, IDENTIFY AND SURVEY CURRENT BUSINESS PERSONS AND LAND OWNERS WITH ECONOMIC DEVELOPEMENT INTERESTS OTHER THAN RESIDENTIAL DEVELOPEMENT. B. DEVELOPE RELIABLE INDICATORS OF CURRENT BUSINESS CLIMATE IN THE REGION, EAST METRO AREA, AND LAKE ELMO. O, CONSIDER ASSISTANCE/POSTURE THAT THE CITY CAN TAKE TO IMPROVE OR STABALIZE THE CONDITION OF EXISTING BUSINESSES. aRISKS AND REWARDS OF DEVELOPEMENT. D. ISSUE A REPORT BY JULY 15. 2) DETERMIN FUTURE ECONOMIC GROWTH AND DEVELOPEMENT A. SURVEY ALL POTENTIAL LAND AREAS WITH NATURAL OR MAN-MADE POTENTIAL (EXISTING OR THAT CAN BE ADAPTED) FOR NON -OBTRUSIVE ECONOMIC DEVELOPEMENT. % DETERMIN BUSINESS AND COMMUNITY SENTIMENT WITH REGARD TO COMMERCIAL/INDUSTRIAL DEVELOPEMENT AND EXPECTATIONS FROM SAME. C. DETERMIN RISKS AND REWARDS OF ECONOMIC DEVELOPEMENT. 1. SUGGEST INFRASTRUCTURE IMPROVEMENTS IF REQUIRED BY LOCATION AND METHODS OF PROVIDING SAME. 2. SUGGEST POTENTIAL OF INTRUSION INTO EXISTING OR POTENTIAL RESIDENTIAL AREAS AND IF PRACTACABLE AMELIORATION IS FEASIBLE.- D. ISSUE A REPORT BY OCTOBER 1.