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f SILVERI.tJDE Cor,SuLtING CoeP. Economic Development $olutiaas May 20, 2008 ? wwvd.5ilver ladeConsutting.ccxm Kimberly Wenger Director Planning Department City of North Olmsted 5200 Dover Center Road North Olmsted, Ohio 44070 Dear Kim: I prepared a scope of services for 2008/2009 that I believe addresses the key economic development issues of North Olmsted and will effedively advance the business retention and expansion objectives of the city. Our goal will be to use economic developmerrt practices that support and enhance stable, sustainable, and diverse growth in employment, earnings, and taxes in the North Olmsted and improve the quality of life for its citizens. Achieving this goal will include the following elements, to be performed by Silverlode: Scope of Services 1. Crocker-Stearns Corridor Development We will continue to advance the potential long-term development of the Corridor by identifying and pursuing mixed-use development that fits with the city's long-term plans/vision for that area and maximizes the overall economic and fiscal benefits of the Corridor for the city. We will complete the following tasks to achieve this objective: ¦ Market the Corridor to potential developers and businesses using the various strategies described in the Economic Development Marketing section below. ¦ Assess the potential economic (jobs) and fiscal (taxes) impacts associated with any development alternatives proposed for the Corridor, including indirect or spin-off benefits that may be created elsewhere in the city. This assessment will also consider the city's costs to serve each development alternative as necessary. II. Available Sites We will maintain the available sites database of significant commercial properties that are available for sale or lease and will update the list quarterly or sooner as needed. The list will be disseminated to local real estate agents, corporate users, and consultants. The list will also be published on the City website, and included in the available properties lists maintained by Team NEO and the State of Ohio, as appropriate. III. Economic Development Marketing We will manage an economic development marketing campaign, composed of the following: ¦ Promote a marketing message capturing the strengths and goals of the city as a whole; ¦ Develop customized marketing strategies for high-priority development sites including underutilized parcels at strategic locations throughout the city; and ¦ Communicate the message to key "customers" through: Tel: 216.263.9000 ( Fax: 216.263.9002