5.6. HRSR 04-17-1996 - Laserfiche WebLink

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In 1980 the City established a Housing and Redevelopment Authority. In 1988 the City established an Economic Development Authority which is charged with promoting the City's development efforts. tD Cite Organization The City of Elk River was incorporated in 1 890 and was consolidated in 1977 with Elk River '0 Township resulting in a 44 square mile municipal corporation. The governing body consists of a Mayor, elected at large, and four Councilmesmbers. The City employs a total of 62 full-time el and 37 personnel part-time workers. The general fund budget for 1996 is$4.2 million. The Position The Director of Economic Development position was created in 1987. The position reports to the City °' Adn, nistrator and is responsible for economic development activities for the City including marketing, analysis of financial assistance resources, and serving as liaison to commerce and industry developers. The position also bolds the title of Executive Director for the Economic Development Authority and the Housing Redevelopment Authority. Specific responsibilities include: . * Assist in the preparation of an annual work plan and implement economic development plans as directed by the City Council, HRA,and EDA. * Represent the interests of the department with other City officials, government agencies, community organizations,developers, and the general public. * Attract new development and assist in the retention and expansion of the current industrial and commercial businesses. * Provide information regarding land and building availability,markets, work force availability,taxes, transportation,utilities,and financing to businesses. • likerform marketing and promotional functions. to * Work with the Finance Director to develop strategies for the allocation of financial assistance including Tax Increment Financing,Industrial Revenue Bonds, Community Development Grants, N • Federal, State and local funds, and the City's Revolving Loan Fund. * Coordinate development issues with the City Administrator, City Planner, Building and Zoning Administrator and Finance Director. f � t * Make frequent oral and written reports on development issues. * Develop and monitor the departmental budget.