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Priority # 1 <br />Industrial Base <br /> <br />Attract new businesses to increase the city's industrial <br />base <br /> · ~ Phase I - West Elk River Business Park <br /> ,/' Modify zoning north of County Road 30 in the West Business Park <br /> from R'I C to BP <br /> ,F Update/maintain an inventory of property owners in the West <br /> Business Park <br /> ,F Outline the parameters of a "Joint Development ^greement" for <br /> West Business Park property owners which will address <br /> assessment issues, land prices, and cooperative marketing of <br /> properties to encourage development of those properties <br /> ,/' Negotiate land prices in the West Business Park and research <br /> funding options for potential city purchase <br /> ,/' City Council and EDA to determine whether to proceed with a Joint <br /> Development ^greement or city purchase of property - show <br /> financial options <br /> ,F Enter into a Joint Development Agreement or complete acquisition <br /> of the subject properties <br /> ,/' Complete conceptual platting of properties for use as a marketing <br /> tool <br /> ,/' Modify current marketing and advertising program to include <br /> additional properties <br /> ,F' Market the properties to industrial users <br /> <br /> <br />