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DRAFT <br />City of Centerville FY22-23 <br />e terviCCe <br />F°«}rSFie} STRATEGIC PLAN <br />STRATEGIC GOAL I - ECONOMIC DEVELOPMENT <br />Develop strategies, programs, initiatives, and activities to improve the economic well-being of the City of <br />Centerville, business relationships and the quality of life for Centerville residents. <br />Priority 1— Review Fundamental Elements of the Comprehensive Land Use Plan which guide the long-term <br />vision for development and redevelopment. <br />1. Work with consultants to put together a projection (visual and written) of future diverse housing development <br />options at various city population levels based on density; include in analysis: <br />Pros and cons of population reaching 5,000 for businesses, city finances, and infrastructure (Public <br />Works, Public Safety, Legal Services, Engineering, water tower, well and sewer etc.) and include city <br />staffing needed for expanded services. <br />• Develop a traffic assessment for new housing and business development. <br />■ Share research with City Council <br />■ Share research with citizens and ask for feedback. <br />2. Develop a matrix of Centerville property that is available for development and redevelopment for the purpose <br />of gaining City Council direction on negotiation parameters for each property. <br />• Complete the sale and development of the land owned by the City of Centerville at 1737 Main Street. <br />• Complete redevelopment of vacant land owned by the City of Centerville (Block 7) by closing on the sale <br />and completing townhome development project. <br />3. Identify and develop key economic data points for the city, analyze trends, and provide City Council with a bi- <br />monthly update (expenses, fund balances, city performance measures, etc.). <br />4. Explore development of an EDA "Opportunity Fund" and define parameters for fund usage. <br />5. Recalibrate Pavement Management Plan, update maintenance projects, and provide annual update to City <br />Council. <br />Priority 2 — Develop a toolkit of business initiatives to recruit, retain and strengthen community businesses. <br />1. Develop business recruitment plans. <br />• Proactively identify businesses needed in town (pharmacy, grocery, library, clinic, hotel, etc.) and market <br />available land to these businesses. <br />• Promote nearby businesses (like Running Aces), to draw new businesses to Centerville. <br />2. Develop business retention plans. <br />• Conduct person -to -person business retention visits using a structured process that includes a regular, <br />rotating schedule to ensure all businesses are included. (Goal = 20 visits per year) <br />• Develop a standard business feedback form for person -to -person business retention visits and to <br />distribute to business owners who appear at City Council meetings. <br />• Conduct exit interviews when businesses leave town to document why they are leaving. <br />Page 1 of 4 <br />