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REDA Meeting Minutes — Monday, June 21, 2016 Page 5 things for consideration now and those for later. President Roe stated he was not comfortable spending too much time on lower priority items at this point. Interim Community Development Director Collins further clarified that in this initial expedited review, many things fell under the Planning Division and their respective budget, causing those items to fall into a lesser priority for the REDA. As detailed in the staff report (page Development Director Collins noted individual REDA rankings, as follows. 1, lines 8— 10), Interim Community three themes emerged in reviewing 2016 Policy Development Ms. Collins noted it was felt necessary to develop policies yet in 2016 before moving forward with initiatives and priorities. At an estimated allocation of $10,000, Ms. Collins noted these incentive policies may involve the community as a whole or specific areas as identified by the REDA. 2016 Acquisition/Redevelopment Sunport Ms. Collins suggested an allocation of $10,000 to develop a framework for site acquisition, assisting staff and the REDA determine where priority areas are, and when to bring a site forward for consideration, and if/when a consultant should be engaged. If a consultant was indicated, Ms. Collins noted the estimated cost as allocated; with additional costs far more specialized consultants to assist in any acquisition process. Ms. Collins noted this would also inform the upcoming comprehensive plan update for housing and economic development chapters, to accommodate research ahead of time. 2016 Proactive Economic Development As detailed in the staff report, Ms. Collins noted interest from adjacent jurisdictions and area Chambers of Commerce in working on some of these economic development efforts as a group. Ms. Collins advised that staff estimated the city's contribution toward this visioning group would be approximately $40,000. Ms. Collins broke down some of these expenditures, as detailed in the staff report, lines 62 — 101 for a total of $81,500. 2017 Priorities and Staff Capacitv Policv Development• AcQuisition/Redevelopment Su�port• Proactive Research (Interns, staffin�, and/or consultants) for research Ms. Collins reviewed 2017 economic development priority rankings and staff capacity, as outlined in the staff report, lines 203 — 209, and identified the maximum estimated cost of those 2017 initiatives, some dependent on additional staffing requirements, and totaling $196,000 plus. Ms. Collins