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o Economic development-focused web pages for the city's website <br />o Developmerrt and distribution of targeted e-mail communications to real estate developers, <br />business owners, corporate real estate executives, real estate agents, regional and State <br />economic development officials and others <br />o Familiarization events for selected real estate developers, business owners corporate real <br />estate executives, real estate agents, regional and State economic development officials and <br />others <br />IV. Business Retention and Attraction <br />We will undertake outreach efforts for retaining existing businesses. This will include, but not necessarily be <br />limited to, meeting with existing businesses to identify expansion opportunities, linked target industries and <br />companies, business threats, risks of closure, etc. We will identify and pursue redevelopment opportunities for <br />strategic land parcels, towards catalytic growth of North Olmsted as a preferred commercial distrid in the <br />region. Our business retention and attraction strategies will identify and prioritize target project types that mesh <br />with the city's goals, resources, strengths, and weaknesses. <br />V. Other Projects <br />We expect that our work will also involve assisting with the following: <br />Assess and Manage Business Development Projects <br />For those companies that have an interest in expanding or locating in the City, we will fully assist. We <br />have been involved with many site selection and expansion projects and know what is required to ensure <br />that a prospect becomes a project. We will coordinate the efforts of the City, but will also play a <br />supporting rote in the delivery of assistance from the State, County, and other agencies as necessary. <br />Special Project Funding <br />We will pro-actively work to identify opportunities to secure County, State, and Federal financial grants and;!ur <br />loans to assist with funding the City's economic development efforts. <br />Miscellaneous Economic Development Issues <br />Miscellaneous issues/topics related directly or indiredly to economic development may arise for which the <br />City would like input from Silverlode. We will assist the City with these types of issues/topics as needed. <br />Budpet <br />For the services listed above, we will charge a fixed monthly fee of $4,875. <br />We look forward to continuing to work with you. Please call me at (216) 263-9000 ext. 201 if you have <br />any questions. <br />Sincerely, -.?-7 <br /> <br />Greg Myers <br />Page 2