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9.5. SR 05-21-2018 ��i Eof lk — - Request for Action River To Item Number Mayor and City Council 9.5 Agenda Section Meeting Date Prepared by Work Session May 21, 2018 Cal Portner, City Administrator Item Description Reviewed by Mission Statement and Goals Discussion Reviewed by Action Requested Discuss Council mission statement and goals. Background/Discussion The Council and key staff met on April 30, 2018, to discuss Council goals, develop a mission statement, review peer city budget and finance information and consider options and strategies to resolve capital funding concerns for repair/replacement of existing facilities, assets, and vehicles. The Council will review the work completed and put the finishing touches on their mission statement and goals. Finance staff will bring back financing strategies at a later date to be considered with the 2019 budget. Financial Impact N/A Attachments ■ Draft Retreat White Boarding Document The Elk River Vision A avelcoming community with revolutionary and spirited resourcefulness, exceptional P U W E H E o s r service, and community engagement that encourages and inspires prosperity /` UR 2018 Council Retreat - White Boarding April 30, 2018 Mission Statement Good Stewards Ethical, efficient and responsible sustainable Opportunity to live,work and play, Work with citizens to achieve goals Responsibly grow Help,not hinder citizen quality of life Meet Changing needs—Agile Reflect the culture of citizens and what is important Timeless to majority inhere council dam'staff work wab Citi.Zens to develop a sustainable dam'prosperous community for all to live, work &play and to appropriately govern in an ever-changing environment. Goals Short-term (2019) Commercial Development GRE Revenue Replacement Budget Sinking Fund for Building Repair Update Salary Schedule Park&Rec Capital Funding Plan Mid-term (2013) CRT Vision Budget Plan Post Waste Management&GRE Transportation Development Funding Acquire Business Park Land Develop Means for Park Capital Needs Commercial Redevelopment Long-term (2028) Urban Service Area Expansion Commercial/Industrial Development Public Safety Facility Buildout Finance Strategy Components Sinking Fund Funding Source? Service Level Changes—General Fund Budget Bonding LOST User Fees TIF/Abatement Decertification