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• 2.) What will be the overall effect of Council adoption of the <br /> Economic Development Strategic Plan? <br /> City Council adoption of the Strategic Plan will indicate general <br /> consensus on the direction of the activities of the Economic <br /> Development Department and related boards and commissions <br /> over the next three year period, at which time the Plan will be <br /> reviewed, modified, and updated. It will also indicate consensus <br /> that the following six substantial issues are to be researched <br /> and brought forward by staff as a result of implementation of <br /> the Strategic Plan. These substantial initiatives are as follows: <br /> 0 The rezoning of eight areas indicated on the attached <br /> map from their current classification to one which <br /> would be appropriate for Business Park and/or <br /> industrial development. <br /> 0 The potential purchase of Business Park and/or <br /> industrial property by the city, and a commitment of <br /> funds to achieve such purchase. <br /> 0 Pursuing construction of the new transportation <br /> corridor between County Roads 12/13 and Highway 10. <br /> 4111 0 Support of the EDA/HRA's actions to undertake the <br /> following activities: <br /> * Identification/prioritization/marketing of <br /> redevelopment areas in the east Highway 10 <br /> corridor and central business district. <br /> * Continued financial commitment to the Business <br /> Incubator project. <br /> * Completion of a focus study and market study in <br /> the central business district to identify physical <br /> elements and potential viable business uses. <br /> Council adoption of the Economic Development Strategic Plan will <br /> provide direction to staff to research the initiatives as described above <br /> and recommend actions to the responsible boards, commissions, and <br /> the City Council. <br /> IV. CONCLUSION <br /> In conclusion, final adoption of the Economic Development Strategic <br /> Plan will set in motion an effort to take advantage of all positive aspects of <br /> economic growth which may occur in the foreseeable future. The Strategic <br /> Plan provides clear and concise direction to the Economic Development <br />