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HomeMy WebLinkAboutEconomic Advisory Commission - Minutes - 05/08/2007*Minutes Approved 06/06/07 Minutes City of Fort Collins Economic Advisory Commission Regular Meeting 300 LaPorte Ave May 8, 2007 For Reference: Mayor Doug Hutchinson, Council Liaison 416-2154 Mike Freeman, Staff Liaison 416-2253 Erin Gill, Minute taker 221-6505 Board Members Present Beena Bawa, Christophe Febvre, Jim Clark, Blue Hovatter, Kevin Shaw, Sarah Hach, Stuart MacMillan, Bill Timpson, Doug Hutchinson Board Members Absent Rick Price Guests Eric Kronwall Karen Weitkunat Ann Hutchison Public Comment None The Economic Advisory Commission meeting was called to order at 11:04 a.m. Agenda Item 1 Brief introductions of each commission member. Christophe Febvre elected as Chair. Agenda Item 2 and 3 City of Fort Collins Boards and Commissions Manual regarding Commissions Work Plans referenced: "Work plans should set out major projects and issues for discussion for the following year. Timelines and scope of review should be provided when possible. If appropriate, an estimate of actions to be taken should be included (example: anticipated number of new license applications). Work plans should be concise and easily readable. The City Council will review the work plan of each board and commission. The following table includes the deadlines and action needed to complete the work plan review process." Agenda Item 4 Review of Economic Action Plan supporting four City strategies: • Strengths • Weaknesses • Opportunities • Threats Agenda Item 5 and 6 Commission's perspective on Economic Health of Fort Collins reviewing economic action plan strategies: 1) Strengths: High Quality of Life Workforce/ Talent available Clean Energy Cluster Fort Collins Tech incubator Existing Cultural facilities Colorado State University Downtown Fort Collins Mason Corridor Stakeholders Groups (DDA, DBA) Urban Growth Areas: I-25 Interchanges Northern Colorado Urban Renewal Area Proposed Urban Renewal Authority Mall Beet St Project 2) Weaknesses: Major retail venues decline Primary Employment Downtown Diversity of Primary Employment Land inventory for employment uses Major demand generator for tourism Marketing Fort Collins Residential sales low, large land lots located outside city Current Foothills mall Lack of connection with regional communities 3) Opportunities: Create overarching vision Expand the Technology incubator Create development ready sites Community Brand implementation Regional coordination Harmony Corridor / Entryway I-25 Interchange Development Target Retail Development Arts/Entertainment/Development 4) Threats: DDA funding Regional retail / employment competition Future residential development Larger lot residential availability Not redevelopment friendly Preserve quality of life as we grow. Agenda Item 7 Economic Health Results Team Leader Terri Bryant (Utilities) performed brief presentation of Economic Health Results Map. 1) Strategic Economic Leadership 2) Strong and Effective Partnerships 3) Balanced Business Retention, Expansion and Attraction 4) Dynamic Business Centers Agenda Item 8 Vice chair Kevin Shaw suggested meeting every other Tuesday starting May 22, 2007 at 11:00 a.m.