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<br />ECONOMIC DEVELOPMENT <br /> <br />Provides for the proper long range planning for the future economic <br />development of the city. <br /> <br />Markets and promotes the community to prospective businesses; <br />encourages the expansion and retention of existing businesses. <br /> <br />Directs activities such as research, analysis, and evaluation of <br />information to determine economic impact of proposed developments; <br />prepares, updates and implements various economic development <br />plans and documents for the city. <br /> <br />Executes the economic development authority (EDA), the housing and <br />redevelopment authority (HRA) budgets for financing city-wide <br />economic development activities. <br /> <br />2000 BUDGET COMPARED WITH 1999 BUDGET <br /> <br />This departmental budget is: <br /> <br />- Proposed in the amount of $46,350; <br />- A $13,200 increase compared to the adopted 1999 budget; <br />- Less than 1% of the total general fund expenditures. <br /> <br />Economic development expenditures for the city are divided up between this <br />general fund economic development budget, the economic development <br />authority (EDA) budget, and the housing and redevelopment authority (HRA) <br />budget. At one time the city had a goal of having all of the economic <br />development expenditures take place outside of the general fund budget, but <br />this goal may never be realized as total economic development expenditures <br />continue to increase. Most recently, the department had a staff addition and <br />this full time position is reflected in the 2000 budget increase. The economic <br />department now has the Director, Assistant Director, and an approximately <br />one-third time secretarial position. This general fund economic development <br />budget includes 35 percent of the total personal services allocated toward <br />economic development activities. All other economic development related <br />expenses including supplies and other charges/services are located in the <br />EDA and HRA budgets. <br /> <br />12 <br /> <br />" <br /> <br />. <br /> <br />. <br /> <br />. <br />