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City of Roseville — 2012 Budget Division /Program: Economic Development Organizational Responsibility: Community Development Director Division / Program Description The Economic Development Program's mission is to manage and encourage new development and redevelopment in Roseville, pursuant to the City Council's guidelines. The budget year of 2006 will continue to focus on housing and the redevelopment of major business parks and mixed use neighborhood plans. The retention and communication with businesses will be reduced to reflect limited funding and staff resources. Existing partnerships will be strengthened. The Program's activities are accounted for in the Community Development Fund. 2012 Goals and Objectives • Continue to secure grant monies to foster redevelopment opportunities. • Continue to work with existing businesses to ensure their success. • Implement new economic development strategies to enhance tax base. Financial Summary 2012 Budget Impact Items • Personnel increases include a 1% cost -of- living increase for City Staff, which was offset by a reallocation of wages to other programs. • Other Services & Charges increased to reflect higher professional services needs. 2010/2011 Achievements • Established two Tax Increment Financing districts to support City housing initiatives. (Applewood Pointe at Langton Lake and Sienna Green). • Construction of Phase II of the Twin Lakes infrastructure project. • Began discussion with City Council on economic development priorities. 74 2008 2009 2010 2011 2012 $ Increase % Increase Actual Actual Actual Budget Budget Decrease Decrease Personal Services $ 1301503 $ 1881997 $ 1951456 $ 881548 $ 351148 $ (53,400) -60.3% Supplies & Materials 51905 41219 21777 21000 21500 500 25.0% Other Services & Charges 201623 211937 331957 221065 241365 21300 10.4% Capital Outlay - - - - - - 0.0% Total $ 1571032 $ 2151153 $ 2321190 $ 1121613 $ 621013 $ (50,600) -44.9% FTE's 2.00 2.00 2.00 0.43 0.25 2012 Budget Impact Items • Personnel increases include a 1% cost -of- living increase for City Staff, which was offset by a reallocation of wages to other programs. • Other Services & Charges increased to reflect higher professional services needs. 2010/2011 Achievements • Established two Tax Increment Financing districts to support City housing initiatives. (Applewood Pointe at Langton Lake and Sienna Green). • Construction of Phase II of the Twin Lakes infrastructure project. • Began discussion with City Council on economic development priorities. 74