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A Presentation and Discussion on the Village's Economic Vitality Strategic Plan.
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Introduction
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The purpose of this agenda item is to provide the Board of Trustees with a comprehensive update on the Village's Economic Vitality Strategic Plan efforts and progress to date.
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Recommended Action
Staff recommends the Board of Trustees provide feedback on the Economic Vitality Strategic Plan efforts and progress to date.
Prior Board Action
* Approval of Resolution 24-227 Approving a Professional Services Agreement with Camoin Associates, Inc., to Complete a Comprehensive Economic Vitality Strategic Plan in an Amount Not to Exceed $125,000.00 and Authorizing its Execution
Background
On April 12, 2024, the Village issued a Request for Proposals ("RFP") for a comprehensive Economic Vitality Strategic Plan in accordance with Village Board Goal 6.1: Update the Village's Formal Economic Vitality Strategy. The RFP was posted for a three (3) week period with final responses due at 4pm on May 8, 2024. The Village received three (3) responses to the RFP with Camoin Associates, Inc. submitting the lowest qualified bid at a total cost of $125,000.00.
On July 23, 2024, the Board of Trustees approved Resolution 24-227, approving a Professional Services Agreement with Camoin Associates, Inc. to complete a Comprehensive Economic Vitality Strategic Plan. Since approval of Resolution 24-227, staff representing the Manager's Office, Development Services, and Neighborhood Services have met with the consultant on a biweekly basis.
Timing Considerations
The consultant will host an Open House in February 2025, with full adoption of the Plan tracking for March 2025.
Budget Impact
There is no additional budget impact associated with this item.
Staffing Impact
There is no staffing impact associated with this item.
DEI Impact
Goals and objectives related to diversity, equity, and inclusion will be developed, assessed, and refined thr...
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