2007.07.16 EDA Packet - Laserfiche WebLink

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2006-2007 Annual - • GROWTH PARTNERS rr • ECONOMIC . • AUTHORITY Myron Bailey, President -- Pat Rice, Vice President • Treasurer Jim Wolcott, Member Paul Poncin, Member SummerHill Office Building Mike Wennen, Member , • In 2006 commercial and industrial activity continued to move the City in a positive direction.There were 193 commercial and industrial building permits issued valued at$22,489,780. Inflation adjusted, 2006 was the fifth highest value commercial construction year of the past 25 years. Housing permits followed the downward trend of the nation and metro area in 2006 with 185 residential building permits issued. The value of these residential permits is $49,931,363. On March 31, 2007 the EDA held a strategic planning session where the members identified 6 key priorities for the next 2 years. They are: 1. Continued attraction of new industries. 2. Become choice business location. 3. Ensure availability of retail opportunities. 4. Support and retain existing businesses. 5. Redevelop older commercial districts. 6. Influence issues critical to business site decisions. This is in addition to the goals the City Council identified for 2007 related to economic development. They are: Fiscal Stability We will operate in a fiscally responsible manner while emphasizing growth and diversity of the tax base and high value to the taxpayer and other community stakeholders. Commercial and Industrial Development We will place emphasis on quality retail, restaurant, and industrial development. Development enhancements within all commercial districts will include the use of development controls, architectural standards and high quality site features. Particular emphasis will be placed on the Gateway North Redevelopment District,Jamaica/Cottage View development,the Industrial Park inducing creation of corporate cam- pus sites, and planning for high quality master planned development in the East Ravine.We will also propose a brownfield reclamation strategy. Housing Development We will ensure that implementation of the master plan for the East Ravine District includes only high quality, high design and amenity development stressing the natural environment complemented by the built environment. Emphasis will be placed on diversity of housing styles targeting the second and third tier move-up buyer. All future housing developments must reflect the community vision established through the East Ravine planning process. Encourage the maintenance of current housing stock through increased code enforcement efforts. Facilitation and attraction of quality development within all sectors continues to receive a high level of priority by both the EDA and City Council. Following is a brief description of projects and project areas currently under development within the community.