Title
Recommendation to Approve a Nine Month Agreement in the Amount of $148,085 with Strategic Economics to Prepare an Economic Development Strategic Plan for the City of Alameda, and Reappropriate $50,000 from Unspent Fiscal Year 2015-16 Funds for the Agreement. (Community Development 256)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Recommendation to Approve a Nine Month Agreement in the Amount of $148,085 with Strategic Economics to Prepare an Economic Development Strategic Plan for the City of Alameda, and Reappropriate $50,000 from Unspent Fiscal Year 2015-16 Funds for the Agreement
BACKGROUND
In July 2000, the Alameda City Council approved the Economic Development Strategic Plan (EDSP) as the City's long-term (10+ years) roadmap to achieving economic growth, while at the same time improving the quality of life of Alameda residents and employees. In 2007, the City conducted a review with the Council, acting as the Community Improvement Commission, adopting an updated EDSP in January 2008. Among other things, the EDSP led to the restoration of the Alameda Theatre, the development of Alameda Landing, and the redevelopment of Bridgeside Shopping Center, now anchored by the Nob Hill supermarket.
Since then, many changes and events have occurred in the local, regional, and national economies and in public policies, which compel preparing a new EDSP that builds on the economic development work already completed or underway in Alameda. In its two-year budget for Fiscal Years (FY) 2015-17, the City Council budgeted funds to prepare a new EDSP, with specific goals and objectives to strengthen Alameda's business climate and its place in the East Bay economy. The economic development goals contained in the new EDSP will also be incorporated into the General Plan through a General Plan Amendment. The EDSP is expected to be completed by June 2017.
DISCUSSION
The City issued a Request...
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