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October 27,2010 <br /> revenues.Although these decisions are never easy,we remain prepared <br /> to make further budget adjustments should they become necessary. <br /> As our economy continues to struggle in the near term,I believe that our <br /> economic development initiatives are now more important then ever <br /> before,and that we must intensify our efforts to encourage job growth in <br /> our community. <br /> We 0111 work to deploy the tools available to local govemment that can <br /> improve our business nment to attract new employers and to retain <br /> our existing businesses. <br /> •We will continue to be diligent in our support for the Boeing Tanker <br /> bid,and are optimistic that Boeing will land the deal in a pending <br /> announcement,which could come as early as December.This <br /> award would add signdlcantly to the recovery of our local economy <br /> with the creation of as many as 11,000 new jobs and bring nearly <br /> $700 million into the Puget Sound Region. <br /> •We will strongly advocate for the replacement of the OSS Lincoln <br /> aircraft carder at Naval Station Everett as well as the expansion of <br /> its mission to include the Green Fleet <br /> •We will continue our active pursuit of a four-year university in <br /> Everett to provide employers with a ready pool of educated <br /> employees. <br /> It is true that we are not yet out of the woods and we still face tough times <br /> ahead.However,I believe that our concerted efforts can and will make <br /> difference,and that we will become a stronger,more vibrant community <br /> as a result <br /> In closing.I would like to thank the Everett City Council for its leadership <br /> and commitment to our City;our volunteers,who give so generously of <br /> their time;and City staff members for their commitment to quality work.I <br /> look forward to working with each of you as.continue to serve the <br /> public. <br /> 298 <br />