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<br />City of La Porte <br />Interoffice Memorandum <br /> <br /> <br />To: All LPEDC Board Members <br /> <br />From: Gretchen Black, EDC <br /> <br />Through: John Joerns, ACM <br /> <br />Date: January 24, 2008 <br /> <br />Subject: Strategic Planning Updates <br /> <br />As you know, staff is working on a RFP/Q for the hiring of a strategic planning firm for a <br />city-wide economic development plan. At your next meeting a draft RFP/Q will be <br />presented for your review and comments. Also, as has been discussed, funding for the <br />plan will come from the LPEDC and the City, with the LPEDC paying the largest share <br />of the funding. The purpose of this update is to reaffirm that the Board is agreeable to <br />this plan of action regarding the funding allocation. The initial research indicates that the <br />plan would take a year to fully develop and cost approximately $100,000 to $150,000 <br />with the city having set aside $20,000 for the plan. <br /> <br />On a related note, at the City Council meeting of January 28 the Council will be updated <br />on a revised lease agreement that we have been working with the Economic Alliance for <br />their location at 908 Main. The revised agreement includes, as a d~liverable service, the <br />preliminary planning meetings and an initial S.W.OT. analysis (Strengths, Weaknesses, <br />Opportunities, and Threats) necessary for the overall ED Strategic Plan. If this is <br />approved by the City Council then it will be included as a component of the RFP/Q <br />issued. <br /> <br />If all goes as planned and the Board is agreeable to the suggested funding then staff <br />would include the RFP/Q and the funding request as action items at our next meeting. <br /> <br />c: Ron Bottoms, City Manager <br />