a. Factual data to assure that city residents understand the current development situation as a base upon which to make decisions;

b. Identification of community visions and potentials (such as resources or location) that can be the basis for economic development;

c. Establishment of goals and intermediate objectives to point the direction of development activities, and upon which to measure progress toward satisfying long-term goals;

d. A strategy for development – an implementation plan of activities necessary to accomplish the city’s stated goals and objectives.

a. Provide long-term benefits, quality of life, increased efficiencies and economies in public service, and increased permanent private sector employment to the residents of the city by strengthening and diversifying the present economic bases and encouraging and supporting new activities;

b. Have positive effects on the revenue and fiscal conditions of the city and do not impose burdensome costs to the taxpayer in excess of their positive effects.