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Low priorities are listed below and are not being budgeted for at this time. The EDA may want to <br />212 <br />consider whether these initiatives may be suitable for 2018 or whether they no longer rise to a <br />213 <br />priority level. <br />214 <br />215 <br />Brownfield Redevelopment (priority-Twin Lakes) <br />216 <br />Incentives (13) <br />217 <br />Marketing or Developer RFPs (8) <br />218 <br />Build organizational capacity and clearly defined partner relationships to support economic <br />219 <br />development <br />220 <br />Support establishment of complementary economic development organization, assuring strong <br />221 <br />communication and alignment with EDA (14) <br />222 <br />Explore options to build economic development organizational capacity that complements the <br />223 <br />city EDA (Commission, EDO, etc.) (13) <br />224 <br />Business Friendly Practices & Reputation <br />225 <br />Expedited Review Process (7) <br />226 <br />Business Retention and Expansion (BRE) <br />227 <br />Resources & support for business (13) <br />228 <br />Engage referral sources – CPAs, utilities, bankers, brokers, lawyers (13) <br />229 <br />BI <br />UDGET MPLICATIONS <br />230 <br />City Finance Director/EDA Assistant Treasurer, Chris Miller, has provided an updated memo <br />231 <br />outlining the funds available to the EDA for programming. Fund 723, the operational fund, will not <br />232 <br />be able to accommodate the total cost approximated for 2016. The EDA will need to look at <br />233 <br />repurposing dollars from unrestricted funds in the Single Family Revolving Loan Program, Housing <br />234 <br />Replacement/Single-Family Construction Program, Property Abatement Program, or Multi-Family <br />235 <br />Housing Program to fulfill the priorities identified in 2016. Similarly, the EDA will also need to <br />236 <br />review the 2017 initiatives and determine how funds to support the EDA strategy will be determined. <br />237 <br />Staff would encourage the addition of an EDA meeting in July to outline priorities and funding <br />238 <br />approach after input is received. <br />239 <br />240 <br />The EDA, per the by-laws, is required to adopt a 2017 preliminary budget the first meeting in <br />241 <br />August. <br />242 <br />243 <br />SR <br />TAFF ECOMMENDATION <br />244 <br />Review priority initiatives/staff capacity and provide direction on 2016 activities and 2017 activities. <br />245 <br />REDAA <br />EQUESTED CTION <br />246 <br />Review priority initiatives/staff capacity and provide direction on 2016 activities and 2017 <br />Prepared by: Kari Collins, Interim Community Development Director <br />Attachments: A: EDA Priorities High to Low <br />Page 6 of 6 <br /> <br />