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Action 1.9: Estahlish Procedures for EDAC Review of Economic Development Related Policies and Actions The purpose of this task is to establish a process for the EDAC to provide input to the CltN Council on issues related to economic development. This would formalize the advisor\ capacity of the EDAC, and ensure that EDAC has the opportunity to provide input to the City Council on issues that may impact economic development efforts. The intent is that EDAC would function at a policv level. rather than providing input on a project-bv-project basis. The EDAC should also be responsible for conducting a periodic reviewof the Ciro s progress in implementing this Economic Development Strategy. which can involve making recommendations to the City Council regarding the need to re -prioritize actions and expenditures. modify programs. or take other actions necessary to maintain the Strategy's responsiveness to local economic conditions. This type of review should be conducted bi- annually or annually. A valuable function for the EDAC will be to give the City Council feedback on economic development efforts from the perspective of businesses. which ma\ be somewhat different than the views represented in the City Council's constituency of voting residents. In addition. the EDAC can assist staff efforts by providing leads and information regarding potential sectors or firms to target for re attraction efforts. tention, expansion. or Roles and Responsibilities. Economic Development staff should take the lead in developing the EDAC input mechanism, meeting as necessary with the Mayor and Cit\ Council members. and EDAC representatives to develop an efficient process. Priority: MEDIUM Costs and Sources of Funding. Initial costs for this task would be LOVA'. primarily in - kind staff time and public meeting time needed to establish the EDAC role in advising-, the City Council. Ongoing costs would be LOW. primarily in -kind costs for Economic Development staff to coordinate the flo\y of information between the City Council and EDAC. Action 1.10: Develop and Distribute Business Welcome Packet The objective of a business welcome packet is for the City to establish a positive working_ relationship with ne" businesses and immediatel, encourage them to establish relationships with other local merchants and business organizations. By fostering these relationships as early as possible. the Cir` can position itself better to cooperate with businesses in retention or expansion efforts in the future. In addition to information about Cit\ regulations pertaining to businesses. this packet would include contact information for local utility companies. business services. Cite Departments. the Chamber of Commerce and Manufacturers Association. civic 26