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9.A. - Page 5 of 14 <br />Each task in the proposed Economic Development Work Plan (Attachment A of this report) supports one <br />or more objectives. Outcomes or deliverables for each task were developed that can be used to measure <br />results achieved by the plan. The City Council may wish to add objectives that may be addressed by <br />existing tasks or require additional tasks but it is important to keep the Work Plan focused and realistic <br />based on staffing and resources. <br />An annual progress report on achievement of the Work Plan's outcomes or deliverables will be provided <br />to the City Council during the City's mid -year budget process; other updates, as needed, will be included <br />in quarterly communications to the City Council. This Work Plan is a living document that will be annually <br />reviewed, and as needed, revised by the City Council. <br />In advance of the May 6, 2019 City Council meeting, City staff contacted representatives from the <br />Redwood City Downtown Business Group and the Redwood City -San Mateo County Chamber of <br />Commerce to invite them to attend the City Council meeting and to provide input on the Proposed Work <br />Plan. City staff plans to share the City's Economic Development Work Plan at upcoming Redwood City <br />Downtown Business Group and Redwood City -San Mateo County Chamber of Commerce meetings. <br />FISCAL IMPACT <br />Staff time is required to administer the Work Plan. Additionally, the City Council approved $100,000 in <br />one-time funding for implementation of the Retail Action Plan which is an initiative included in the <br />Economic Development Work Plan. No additional appropriation is required at this time. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />1) Do not approve the Proposed FY 2019-21 Economic Development Work Plan. <br />2) Approve the 2019-21 Economic Development Work Plan with changes as directed by the City <br />Council. <br />capital into areas that need investment and economic development. Staff plans to explore Redwood City's <br />Opportunity Zones for potential catalytic investment opportunities that could achieve city goals around workforce <br />housing production and equitable job opportunities. A map of Redwood City's two Opportunity Zones is provided in <br />Attachment B. <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />378 <br />