Adoption of an Economic Development Implementation Plan. Item Number: A 6 ITEM: Adoption of an Economic Development City of Culver City California Agenda Item Report Meeting Date: 06/09/14 CITY COUNCIL AGENDA Implementation Plan. Contact Person/Dept.: Todd Tipton CDD Fiscal Impact: Yes No X Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification: (Email) Meetings and Agenda City Council (06/04/14) Chamber of Commerce outreach meeting participants (06/04/14) Department Approval: Sol Blumenfeld (06/04/14) Chief Financial Officer Approval: Jeff Muir (06/05/14) Phone Number: (310) 253 5783 General Fund: Yes No X Attachments: X City Attorney Approval: Carol Schwab (by H. Baker) (06/04/14) City Manager Approval: John Nachbar (06/04/14) Action Item: X recommends RECOMMENDATION: Staff the City Council adopt an Economic Development Implementation Plan (Plan) as part of the 2014 2015 Community Development Department/Economic Development Division s work plan. BACKGROUND: The elimination of redevelopment agencies statewide in California on February 1 2012 has created new challenges for economic development programs and former and future redevelopment project implementation. In order to pursue a new path for economic development in a post redevelopment environment the City retained MuniServices to prepare the Plan. MuniServices scope of work included outreach efforts and the preparation of specific studies that identified the City s demographic and economic composition its strengths and weaknesses the retail uses it lacks and challenges/opportunities related to the future growth of its commercial real estate. The Plan is comprised of economic goals objectives and implementation strategies derived in part from a broad based series of outreach meetings that were conducted in cooperation with the Culver City Chamber of Commerce. The outreach meetings involved stakeholders from various business sectors geographic areas and residents. DISCUSSION...
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