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Fr- -1 <br />BOOKU� U a <br />PAGE466 � -�' <br />7. F. Revised Overall Economic DevelonmentPlan (OEDP) and the OEDPAnnual <br />Report 1996-97Approved <br />The Board reviewed a Memorandum dated October 31, 1997: <br />TO: James E. Chandler <br />County Administrator <br />DEP411TMENT HEAD CONCURRENCE <br />Robert M. Keating, AIdO <br />/� <br />THROUGH: Sasan Rohani, AICP S '' <br />Chief, Long -Range Planning <br />FROM: Peter J. Radke W, <br />Economic Development Planner <br />DATE: October 31, 1997 <br />RE: APPROVAL OF THE REVISED OVERALL ECONOMIC DEVELOPMENT <br />PLAN (OEDP) AND THE OEDP ANNUAL REPORT (1996-97) <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of November 18, 1997. <br />DESCRIPTION AND CONDITIONS <br />In 1984, Indian River County was contacted by the federal government and informed that, because <br />of its consistently higher than average unemployment rate, the county was eligible for assistance <br />under the Economic Development Act. In order to qualify for this assistance, Indian River County <br />created an Overall Economic Development Plan Committee, prepared an economic development <br />plan, and established a set of strategies for implementing this plan. This Plan was prepared as a <br />cooperative effort of county government and citizens in the community for the purpose of promoting <br />economic growth and attracting qualified, desirable types of businesses to the county. The Overall <br />Economic Development Plan (OEDP) was originally adopted by the Board of County <br />Commissioners in June of 1985. <br />On July 31, 1985, the Economic Development Administration (EDA) designated Indian River <br />County as a Title IV Redevelopment Area, a designation which qualifies the county to apply for <br />federal funds for economic development projects. Subsequently, representatives from the OEDP <br />Committee along with selected members of the county's Economic Development Committee were <br />chosen to form the Economic Development Council (EDC). Consequently, the Economic <br />Development Council functions as the County's OEDP Committee and, therefore, is responsible for <br />the implementation of the OEDP. <br />To maintain its redevelopment area designation, Indian River County has had to prepare an OEDP <br />Annual Report and submit this report to the EDA on an annual basis. An annual report has been <br />completed by the county each year since the 1985 approval of its OEDP. <br />24 <br />NOVEMBER 18, 1997 <br />