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2016-08-09 Meeting Report (Economic Development Master Plan) SPIN MEETING REPORT SPIN Item Number: SPIN16-25 Project Name: Southlake 2035 Economic Development Master Plan(CP16-005) SPIN Neighborhood: Citywide Meeting Date: August 9, 2016 Meeting Location: 1400 Main Street, Southlake, TX City Council Chambers Total Attendance: Twenty-one (21) Host: David Alexander, Community Engagement Committee ApplicantPresenting: Ken Baker,SeniorDirector of Planning and DevelopmentServices City Staff Present: Ken Baker, Senior Director of Planning and Development Services; Jerod Potts, Planner I Attached to the end of this report are the Blackboard Connect Delivery Results for the August 9, 2016 SPIN Town Hall Forum Town Hall Forums can be viewed in their entirety by visiting http://www.cityofsouthlake.comand clicking on “Learn More” under Video On Demand; forums are listed under SPINby meeting date. FORUM SUMMARY: Property Situation: Citywide Development Details: Southlake 2030 is being updated, it is now the Southlake 2035 Plan Comprehensive Plan is made up of a number of elements –the Economic Development Plan is one of those elements Economic Development and Tourism Plan was first adopted in 2011 This update will separate Economic Development and Tourism into two distinct plans Economic goal of Southlake is to sustain a strong and healthy economy This plan provides a blueprint to ensure that economic development occurs in a successful manner that is aligned with the goals of the City and the City Council City’s charter requires that each element be looked at every 5 years The economy in DFW area has changed in the past 5 years, and we have much more information now to develop this plan, such as information from the retail saturation study conducted in 2014 Oversight for this plan was through the Community Enhancement and Development Corporation (CEDC) All recommendations in 2030 plans are aligned with the City strategy map Retail saturation study identified 6 target industries that the City feels they can support and would thrive: niche retail; office; medical and healthcare; finance, insurance and wealth management; information technology and media; biotechnology and pharmaceuticals Plan is divided into 4 mainsections Section 3 focuses on the Southlake market o Recommendations cover a number of areas as related to the Southlake marketplace Section 4 focuses on economic incentives o Recommendations deal with facilitating the strategic investment of public funds to attract and retain quality businesses, to ensure ongoing monitoring and reporting of projects that have received incentives, and to maintain dedicated funding to achieve economic development projects particularly as identified in this plan Section 5 focuses on business retention and expansion o Recommendations focus on creating opportunities for the City to learn about concerns and needs of the business Section 6 focuses on the citizen and community engagement o Promote economic development efforts in the community Done through multimedia tools, social media and annual report, and development of the website that exceeds industry standards Exhibits presented at SPIN: QUESTIONS / CONCERNS: None SPIN Meeting Reports are general observations of SPIN Meetings by City staff and SPIN Representatives. The report is neither verbatim nor official meeting minutes; rather it serves to inform elected and appointed officials, City staff, and the public of the issues and questions raised by residents and the general responses made.Responses as summarized in this report should not be taken as guarantees by the applicant.Interested parties are strongly encouraged to follow the case through the Planning andZoning Commission and final action by City Council. Blackboard Connect Delivery Results for the August 9, 2016SPIN Meeting