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Priority # 1 <br /> Industrial Base <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 R1 C to BP <br /> 111 Update/maintain an inventory of property owners in the West <br /> Business Park <br /> I Outline the parameters of a "Joint Development Agreement" 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 /> Ofi City Council and EDA to determine whether to proceed with a Joint <br /> Development Agreement or city purchase of property -show <br /> financial options <br /> • Enter into a Joint Development Agreement or complete acquisition <br /> of the subject properties <br /> 1 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 /> --!1 Market the properties to industrial users <br /> • <br />