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1e. Approval of 2009 Key Financial Strategies CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us .Le To: Todd Gerhardt, City Manager Laurie Hokkanen, Assistant City Manager ~ From: Date: February 23,2009 Subject: ~. 2009 Strategies PROPOSED MOTION The City Council adopts the 2009 Key Financial Strategies. BACKGROUND Attached please find the final version of the 2009 Strategies. These Strategies are a result of Council brainstorming and discussion over the past few months. RECCOMENDA TION Staff recommends that the City Council adopt the 2009 Strategies and direct staff to begin implementation. Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow . CITY OF CllWlA8SEN 2009 Key Financial Strategies/ Strategic Plan Competiveness Create an environment for innovation and change -- building on our strengths, creativity and skills. . Promote Economic Development . Consider options for Old St. Hubert's Church Strengthen the City's Financial Position Provide financial stability and resources necessary to achieve the city's vision by exercising financial stewardship, implementing best practices, and utilizing long-term financial planning tools. . Conduct mid-year review of 2009 Budget and Economic Forecast . Review Financial Policy . Compile list of unfunded/unproductive mandates for legislative review . Review Budget Process for efficiency Planning for the City's Infrastructure Create solutions for managing existing infrastructure and future growth in our community; while preserving a sustainable quality of life and protecting the environment. . Work with other agencies to advance the implementation ofHwy 101 improvements from Lyman Blvd. to the Scott County line. . Review potential options for the State Bonding Bill. . Highway 5 Improvements, including Minnewashta Parkway intersection . Work with Carver County to advance TH 41 Trail & Pedestrian Underpass Improvements . Look for partners for storm water improvement projects . Follow-up on Justification Study for Fire Station #3 Enhance Local Tax Base Evaluate the Comprehensive Plan with current goals and policies; assess the impact. · Meet with downtown businesses regarding new zoning to intensify development . Support the marketplace driven development of industrial, commercial, and residential land