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1f. 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 14 To: Todd Gerhardt, City Manager Laurie Hokkanen, Assistant City Manager~ b K'&. From: Date: February 16, 2010 Subject: Key Financial Strategies RECCOMENDATION The City Council adopts the 2010 Key Financial Stategies/Strategic Plan. A majority vote is required to approve this item. BACKGROUND Attached please the 2010 Key Financial Stragies/Strategic Plan. The City Council met on January 9, 2010 to brainstorm ideas for 2010 Goals, indivually ranked those goals, and then discussed a final Strategic Plan. The results of that process are attached. Following adoption, staff will proceed with the research and planning necessary to consider or implement each item. Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow 2010 Key Financial Strategies/ Strategic Plan CITY OF ClUNlBSSEI Competiveness Create an environment for innovation and change -- building on our strengths, creativity and skills. · Review City ordinances for efficiency and effectiveness · Implement a Community Survey that will determine the City's strengths, weaknesses, and community needs · Work with Carver County to expand utilization of Carver County License Center · Update Police Work Plan · Review City's Technology Policy 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. · Select a few unfunded/unproductive mandates for legislative review with assistance of Metro Cities and other partners · Monitor Revenue Performance in 2010, take a proactive approach to budget challenges, keeping Council informed about the Revenue/Expenditure relationship throughout the year (quarterly reports and special updates when needed) · Being proactive that all City staff and members of Boards, Committees, and Commissions contribute to economic development · Review the City's Long Range Financial Plan, including Pavement Management System, 5-yr budget, Debt Analysis, and Capital Improvement Plan. (Examine re-timing of MUSA Expansion area, including Fire Station #3) 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. · Review Pavement Management Assessment Policy · Review Effect of Delays on Pavement Management System · Develop a Comprehensive Inter-Connecting Trail System with surrounding communitie · Explore Opportunities for Further Partnerships (i.e. Sealcoating) · Develop alternative approaches to reduce impervious areas · Review Future Well Needs based on water usage and availability (develop educational work plan for Environmental Commission) Enhance Local Tax Base Evaluate the Comprehensive Plan with current goals and policies; assess the impact. · Take an active role in the Public/Private Redevelopment of the Chanhassen Dinner Theatre and Chanhassen Transit Station area · Capture opportunities for Economic Development and position the City to be attractive for private investment and reinvestment in the following areas: Infrastructure (transportation mobility/utility capacity), Reviewing City Policies and Processes to reduce costs and processing time for business development · Hold Forums to identify opportunities and barriers to attracting new housing, commercial/industrial, and jobs to Chanhassen c Cll a:: () '6> 0) "@ Ci5 -- CI) 0) '6> 0) "@ Ci5 (ii 'C3 c Cll C u: >> 0) ~ I-- LL <( a: o o ..- o C\J ~ Cll Q; I~ 0) > o .0 <( '- - en (9 E W -I- "'0 (ii c l.L 0 o () ~ -I-- E o LU-E .... ,2 I-- -~ liD 02 ~ --- Ig o.g :J LL -~ co m >- --- CI) (!) 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