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1996 PROGRAM/PERFORMANCE BUDGET <br /> • <br /> DEPARTMENT: Economic Development <br /> PROGRAM : Business Retention and Recruitment <br /> FUNDING SOURCE: Economic Development Fund <br /> PROGRAM PURPOSE <br /> The review and implementation of Mounds View's economic development and redevelopment programs <br /> continues to be a high priority as Goal #1 of the City Council Focus 2000 Five Year Goal Plan. The <br /> action steps include programs for business attraction and retention, business incentives and highway 10 <br /> redevelopment. These programs are to be developed and implemented to increase the economic vitality <br /> of the City of Mounds View by increasing business growth. In turn, increase in the commercial base in <br /> Mounds View will provide new jobs for Mounds View residents and balance the tax base in the City. <br /> PROGRAM SUMMARY <br /> Within this program the following staff are budgeted: <br /> • City Administrator 25% <br /> • Economic Development Coordinator 75% <br /> •• . . - - 1-0% <br /> • Administrative Secretary 20% <br /> • Administrative Aide 15% <br /> The 1996 Budget for this program increases by 18% over 1995 expenditures. <br /> • The majority of the increase is due to the transfer of continued City membership in the North <br /> Metro Mayors Association from the City Council program to Business Retention& <br /> Development. The transfer was made to reflect the activities of North Metro Mayors which is <br /> related more to economic development than regular City Council actions. <br /> • Personnel Services reflex a proposed 3% Annual Compensation Adjustment. The percentage is <br /> 11110 based on a Metro-wide city market mean. <br /> • Capital Expenditure for this program includes the percentage share of the Administrative Aide's <br /> computer and printer upgrade to improve efficiency within the Administrative Department. <br />