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Action Plan <br />(example) <br />Strategic Imperative I: Financial Stability <br />Strategic Initiative <br />Department <br />Tactics <br />Initiation Date <br />Completion Date <br />Additional <br />Resources <br />Re. uired <br />Additional Tools Required <br />Responsible Party <br />Key Outcome <br />Indicators /Metrics <br />Ensuring financial <br />stability <br />Finance <br />Determine adequate balances <br />Develop policy that outlines fund balance <br />minimums per fund <br />Examine sufficient balance of overall rainy <br />day funds to avoid the need to borrow <br />7/2013 <br />Ongoing <br />None <br />None <br />Diana Lund <br />• Retained bond <br />rating of AA+ <br />Finance <br />Calculate square footage cost basis for <br />The COR <br />6/2013 <br />7/2013 <br />None <br />None <br />Diana Lund <br />• Recouped at <br />least 100 <br />percent of City's <br />net costs <br />City Administration/ <br />Department Heads <br />Evaluate other revenue generating <br />sources: franchise fees, increased permit <br />fees, etc. <br />2013 <br />2014 <br />None <br />None <br />Leadership Team <br />• Implemented <br />new revenue <br />sources <br />City <br />Administrator /Finan <br />ce <br />Evaluate selling city -owned properties <br />2013 <br />2014 <br />None <br />None <br />Kurt Ulrich /Diana <br />• Source of one - <br />time monies <br />Optimizing TIF to <br />support infrastructure <br />improvements <br />Finance /ED <br />Conduct a comprehensive study to <br />determine correct size of TIF 14 <br />6/2013 <br />8/2013 <br />$8,000 <br />TIF 14 <br />Diana Lund /ED <br />• Return 10 <br />percent of TIF 14 <br />taxable value to <br />general tax base <br />Engineering /ED <br />Identify needed infrastructure <br />improvements in TIF districts <br />Prioritize needs and establish timeline for <br />completion of improvements <br />2013 <br />2018 <br />None <br />None <br />Bruce Westby /ED <br />• Completed <br />infrastructure <br />improvements in <br />TIF districts <br />