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File #: 20-0481    Version: 1
Type: Agenda Item Status: Approved
File created: 3/26/2020 In control: Board of Supervisors
On agenda: 5/12/2020 Final action: 5/12/2020
Title: Planning and Building Department, Economic Development Division, recommending the Board select up to three opportunity areas identified in the Economic Development Opportunity Areas Market Assessment for further analysis. FUNDING: Transient Occupancy Tax. (General Fund)
Attachments: 1. A - EPS Opportunity Areas Memo, 2. B - EPS Opportunity Areas Powerpoint
Related files: 19-1012
Title
Planning and Building Department, Economic Development Division, recommending the Board select up to three opportunity areas identified in the Economic Development Opportunity Areas Market Assessment for further analysis.

FUNDING: Transient Occupancy Tax. (General Fund)
Body
DISCUSSION / BACKGROUND
The Economic Development Element of the County’s Strategic Plan includes efforts to bolster economic development activities in the County, including investing in infrastructure needs to improve and maintain competitiveness.

Accordingly, the Economic Development Division has contracted with Economic and Planning Systems, Inc. (EPS) to identify areas in the County that could accommodate future nonresidential development, determine the extent of market demand for nonresidential uses, and determine what barriers may preclude future development, including the need for additional infrastructure improvements and funding.

EPS evaluated six potential opportunity areas based on proximity to a major arterial, existing commercial development, and proximity to retail amenities. The six areas analyzed were:

1. El Dorado Hills (El Dorado Hills Business Park and adjacent parcels)
2. Cameron Park/Shingle Springs (Barnett Business Park and adjacent parcels)
3. Diamond Springs (parcels adjacent to the Missouri Flat project area and Park West Business Center)
4. Meyers
5. Cool
6. Camino

These six areas are further described in the memo included as Attachment A.

After further analysis, the six original opportunity areas were narrowed to the three areas identified below, and were then ranked based on the mapping criteria, findings from real estate broker interviews, and County staff input:

1. El Dorado Hills (El Dorado Hills Business Park and adjacent parcels)
2. Cameron Park/Shingle Springs (Barnett Business P...

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