Title
CRA Strategic Planning (B)
Explanation
Each summer, prior to the fall budget cycle, the CRA staff embarks on Strategic Planning with the advisory boards and the CRA Board. The process has historically consisted of charting out projects on a three year trajectory and places new projects through a vetting process to make sure they meet the requirements of each area's redevelopment plan. This tool assists in prioritizing projects and confirming that the correct appropriations are made during the budget cycle to ensure completion on a timely basis.
Since 2006, the CRA has seen significant growth in tax increment and complexity of projects and increased demand to operate as a conduit for economic development and a resource for facilitating larger initiatives. Typical projects have grown from banners and streetlights to buildings, economic development initiatives and planning entire districts. As the CRA continues to get things done, its resources are being pulled in a multitude of directions. In an effort to be focused and more consistent, staff felt it was prudent to pause and take a look at where the CRA's been, where we are now and where we're going next.
On May 28, 2013 CRA staff hosted a half-day "Strategic Conversation" with CRA board members, City leadership and community stakeholders at the Depot. The day was moderated by Alan Webber, co-founder of Fast Company magazine. The program consisted of group exercises which focused on the early days of the CRA, present-day CRA and the future of the CRA. This day was meant to be a first step in the strategic planning process. Staff will present feedback from day and discuss next steps in the CRA's strategic direction.
Fiscal Note
None at this time
Recommendation
CRA Executive Director to the CRA Board: Hear update from Staff