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Also, the OEDP Annual Report indicates all economic development <br />initiatives that the county has taken within the last year and the <br />status of these initiatives. As part of its long-range economic <br />development planning, the county has received an EDA grant to <br />update the county's Commercial/Industrial Data Source, prepare an <br />economic base study, prepare an economic development strategy plan, <br />and develop a fiscal impact model for the county..: The county has <br />updated the Commercial/Industrial Data .Source:. prepared 'the <br />Economic Base Study, developed an Economlic- Development Strategy <br />Plan, and prepared an Economic Development Marketing Plan. The <br />selection of a consultant to prepare a fiscal impact model is <br />currently under way. <br />ALTERNATIVES <br />With respect to the proposed OEDP annual report, the Board of <br />County Commissioners has three alternatives. These are: <br />• To approve the OEDP annual report <br />• To approve the OEDP annual report with changes <br />• To reject the OEDP annual report <br />Either -of the first two alternatives will ensure that the county <br />will maintain its Title IV redevelopment area designation. Staff <br />supports the first alternative. <br />RECOMMENDATION <br />The EDC, the OEDP Committee, and the staff recommend that the Board <br />of County Commissioners approve the 1994/95 Annual OEDP Report and <br />direct staff to submit a copy of the report to the Economic <br />Development Administration (EDA). <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously approved <br />the Overall Economic Development Plan Annual Report <br />for 1994-95 and directed staff to submit a copy of <br />the Report to the Economic Development <br />Administration, as recommended by staff. <br />REPORT IS ON FILE IN THE OFFICE OF THE CLERK <br />TO THE BOARD <br />BOOK 95 F,acF 649 <br />JULY 11, 1995 5 <br />