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7. EDSR 09-14-2009ITEM #7. ver MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic Development DATE: September 14, 2009 SUBJECT: Review Draft Work Plan for Economic Development Strategic Plan Attachments • Adopted 2009-2012 Economic Development Strategic Plan • DRAFT Work Plan • Minutes from Joint Strategic Planning Meeting -April 13, 2009 In August the EDA was provided a copy of the recently adopted 2009-2012 Economic Development Strategic Plan. In follow up to the Plan's adoption, staff drafted the attached Work Plan which provides detailed strategies, tactics, and uses of resources to achieve the objectives identified by the EDA, HRA and City Council. Please keep in mind this is a very rough draft including order and formatting. The EDA is asked to review and provide staff feedback on the attached draft work plan. More specifically, staff is seeking the EDA's input on any additional strategies or tactics that may be evaluated and implemented to achieve the outcomes desired by the city. fl.. N +1 O N 01 O O c a~ E a 0 a~ a~ 0 U .~ O C O U W c ~a a v .~ ~a L 01 O O N . ~ ~ ~ ~ ~ ^ O n ~ o ~~ ~~ o .. ~ ~ ~ ~ ~ N ~ .~ ~ Q a ~ ~ ~ ~ Q ~ Q V ~ O U ~ > ~ ~ p ~ U .~ ~ o ~ ~ o . ~ w = t~~ ~~ ~~ q. OC Q 0 W y..,. S .. L . 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'C ~ ~" U C o ~ ~ a ~ ~ c O > ~ c E a cv ~ ~ ~ ~ ~ c cn O " + ca = ~, X 0 0 cn = cn 3 c O c cn U a. N ~ N 'C '~ ~ C B ~ O a O O N , ~ ~ ~~ C ~ cn p _ N ~ ~ p ~ Ll1 ~ ~ C ~ ~ ~ ~ O , C ~ U ca U w i . ~ ~ a U ~ U ~c ~~ SPECIAL MEETING OF THE ELK RIVER CITY COUNCIL, ECONOMIC DEVELOPMENT AUTHORITY, AND PLANNING COMMISSION HELD AT THE ELK RIVER PUBLIC SAFETY FACILITY MONDAY, APRIL 13, 2009 Members Present: Mayor Klinzing, Councilmembers Zerwas, Motin, Westgaard, and Gumphrey; EDA Commissioners Dwyer, Tveite, and Touchette (5:33 p.m.); HRA Commissioners Wilson, Toth, Kuester, Lieser, and Tveite Staff Present: City Administrator Lori Johnson, Director of Economic Development Catherine Mehelich, and Economic Development Assistant Annie Deckert Also Present: Kent Eklund, Cincinnatus, Inc. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 5:30 p.m. by President Dwyer. 2. Consider Consent Agenda MOVED BY COMMISSIONER KLINZING AND SECONDED BY COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 2.1. CONSIDER MARCH 9, 2009 REGULAR MEETING MINUTES 2.2. CONSIDER MARCH 16, 2009 SPECIAL MEETING MINUTES 2.3. CHECK REGISTERS 2.4. BALANCE SHEET 2.5. REVENUE/EXPENDITURE REPORT 2.6. PAY ESTIMATES -YMCA 2.7. CONSIDER RESOLUTION AUTHORIZING REDEMPTION OF CERTAIN OUTSTANDING CITY HALL AND LAW ENFORCEMENT FACILITY REVENUE REFUNDING BONDS, SERIES 1997 MOTION CARRIED 6-0 3. Open Mike No one was present for open mike. 4. Call Special Toint Meeting to Order Pursuant to due call and notice thereof, the meeting of the City Council was called to order at 5:31 p.m. by Mayor Klinzing. Pursuance to due call and notice thereof, the meeting of the Housing and Redevelopment Authority was called to order at 5:32 p.m. by Chair Wilson. (Commissioner Touchette arrived 5:33 p.m.) Special City Council, EDA, and Planning Minutes April 13, 2009 5. Economic Development Strategic Plan Page 2 Ms. Mehelich reviewed the 2004 -2007 Economic Development Strategic Plan presentation. Mr. Eklund facilitated a SWOT (strengths, weaknesses, opportunities, and threats) discussion. 2009 - 2012 goals were identified and a 2009 - 2010 work plan was developed as outlined below: GOALS -INITIAL DISCUSSION ' Complete FAST Study -Gateway area ' Plan for Energy City strategic goal - Incubator option ^ Downtown redevelopment -Task Force ' Pedestrian/bike path planning ^ Marketing of Elk River with a good plan ' Filling existing sites ' Monitoring mortgage foreclosures issues - Impact on Townhouse Associations ' Sewer and water extension - Planning plus capacity ' Absorption of 700 platted residential lots ^ Light industrial shovel-ready lands ^ Business retention -current businesses' jobs and retention ^ Inventory of available spaces ' Take next 3 years to plan for economic recovery ' Housing Code -Identification of problem properties and enforcement ^ Improve County relationships -County EDA ' 3.5 years -build light industrial base/services/corporate campus locations -jobs leading residential to commercial ' Energy/technology/diversification from Light Industrial base ' Economic development diversification goal ' Redevelopment/Absorption - Aging housing stock - Foreclosures - City intervention in stabilizing declining homes? - Neighborhood stabilization - Commercial ' Community Development -Marketing of the Ciry - What is the image/vision for the city? - Marketing plan for the city - Selling internal, as well PRELIMINARY ACTION PLANS Goal #1: Industrial Development ' Build on light industrial base Special City Council, EDA, and Planning Minutes Page 3 April 13, 2009 Evaluate past track record in light industrial base and how other cities market - Compatible industry locations - Inventory existing sites available to market Diversify economic base planning -purposeful research and FAST study - Desired uses: Services, Corporate campuses, Energy-related, Technology - Location of the main corporate decision-makers - Internal policies in place that attract and upholds standards for desired uses - Conduct land inventory and identify new location options for business park Goal #2: Rehabilitation & Redevelopment ^ Inventory all vacant commercial and residential properties ^ Identify potential areas for redevelopment ' Determine role of HRA/City/EDA in redevelopment -positioning of city "tools" ' Examine available tools -for both public and private enterprises ' Directory of resources available within the community Goal #3: Community Image & Marketing ' Inventory community's assets ' Revisit Blandon Visioning exercise ' Mining the Comprehensive Plan for the community's image ' Create a structure to develop the community's vision ' Consider Task Force approach for greater community participation & ownership (?~ Goal #4: Transportation ' Revisit transportation objectives Mr. Eklund concluded by summarizing that the next steps in the planning process will be staffs compilation of the meeting notes and working together to draft the work plan for EDA, HRA, and City Council review and approval. 6. Adjournment There being no further business, President Dwyer, Chair Wilson, and Mayor Klinzing adjourned the meetings of the Elk River Economic Development Authority, Housing and Redevelopment Authority, and City Council, at 9:20 p.m. Tina Allard, City Clerk Stephanie Klinzing, Mayor