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• <br /> Priority # 1 <br /> Industrial Base <br /> • Attract new businesses to increase the city's industrial <br /> base <br /> •i► Phase I - West Elk River Business Park <br /> ✓ Modify zoning north of County Road 30 in the West Business Park <br /> from R1C to BP <br /> ✓ Update/maintain an inventory of property owners in the West <br /> Business Park <br /> ✓ Outline the parameters of a "Joint Development Agreement" for <br /> 41) 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 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 /> ✓ 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 /> ✓ Market the properties to industrial users <br />