AgdaPkt 2006-10-09 - Laserfiche WebLink

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96 /~� r�/�� T Page 1 ',�,��C �.,J l To the Honorable Mayor and City Councii Fram the City Manager EXECUTIVE SUMMARY October 9, 2p06 Subject Econnmic Development Eiement of the General P(an and the 5-Year Econamic Development Impfementation P}an Recommendation 1. Review and discuss cancepts in the Economic Development Element and refer the Element back to the Pianning Commission for continued refinement. 2. Revsew, madify as desired, and conceptuai{y approve the proposed objectives and sfirategies contained in the 5-Year Economic Development Imp(ementation Pfan. lssues The City Council is being asked to review the proposed Economic Development E(ement of the General Plan, which is a twenty year pian far the City. This is#he�fth element to come before the Council to date for conceptuai approval. The General Pian with all thirteen elements vui11 return for final Council appsoval in 2007. The Economic Deveiopmen# Element is an optianal element, and this is the first time that this Element is praposed fio become part of the General Pian. This will be a s'rgnificant st�p in ensuring that�here is a focus on economic development efforts in the future which can lead to an enhanced quality o#life for the entire community. Additionally, to support the vision and goals of the Efement, there is an Economic Development Implementation Plan for your review. This Plan is intencied to guide the work of staff for the r►ext five ysars. It is action oriented and will be reviewed and evaluated mare frequently than the General Plan. Staff wilf prepare an action pian in support of the objectives and strategies that will have measurable outcomes. Major Findings The State requires that cities acfopt General Plans and that they periodica!!y review and update them. Most Generat Pians are in effect for 15 ta 20 years. A iimited number of Genera! Pian amendments are aifnwed cfuring that time. The City adopted an Economic Development Strategy ten years ago. It is appropriate and very timely that this pfan be updated at the same #Eme that the City is also reviewing the General Plan, particuEarly since fhere is a proposal to inciude an optior�al Economic Deve{opment element for tFie first time. Together these documents will hefp to ensure the City's ecanamic viability and a quafity of life for a!! citizens.