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NA I • M ZT1 RMS I • 1°1 <br />Economic Development. Promote and Strengthen Economic <br />Development Opportunities <br />OBJECTIVE. Explore ways the City can better accomplish and <br />promote economic development <br />ACTION ITEM 1: Research and develop a "game changer" or new focus for the <br />City. <br />In July, the City held its first luncheon for <br />businesses that participate in the UCF <br />Business Incubation program. Businesses <br />were invited from all ten incubators in the <br />UCF system and staff promoted the fact <br />that Casselberry is an excellent location for <br />their business as they transition out of the <br />incubator. <br />Walmart representatives advised they plan <br />to start construction of the new store on <br />U.S. 17 -92 in February 2012. Changes <br />were proposed and staff is negotiating with <br />company representatives as they strive to <br />"tweak" their development agreement. <br />Business Incubator Luncheon, July 2011 <br />3RD Quarter Pr <br />> This quarter staff launched a major new initiative to reshape and redefine the area <br />surrounding the intersection of U.S. 17 -92 and S.R. 436. The first step in the <br />development of a new vision plan, called the CASS 2030 Plan, for the U.S. 17- 92 /S.R. <br />436 area was completed. An existing conditions data report has been completed and <br />reviewed with County staff members. <br />Staff continued to monitor Walmart's plans for a store on U.S. 17 -92. <br />Staff has begun to develop alternative scenarios for the sports facility as part of its CASS <br />2030 Plan. <br />> Letters were sent to corporate officials at Walmart and the Jai Alai to advise them of the <br />possibility of a public - private youth sports facility on their property. <br />., <br />Staff met with Seminole County Economic Development and Convention & Visitors <br />Bureau staff regarding an Indoor Amateur Sports Facility as an economic game changer <br />for the City. From the meeting, an available funding source sufficient to fund construction <br />of the facility was identified. This finding potentially eliminates one of two significant <br />hurdles to bringing the facility to Casselberry, providing the City can organize its plan and <br />request quickly. The second hurdle is a location. Staff continues to monitor Walmart <br />plans and has begun to develop alternative scenarios for the Sports Facility as part of its <br />U.S. 17- 92 /S.R. 436 Revisioning Plan. If Walmart does not follow through on its plans to <br />