5.B. HRSR 08-27-2001 - Laserfiche WebLink

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Recommended Redevelopment Policies 1. A primary redevelopment objective should be identified by the City Council. This will provide the framework for evaluating redevelopment proposals. The Council may select several secondary objectives however it is understood • that these secondary objectives are not required for project approval. 2. A communications plan should be prepared and approved the City Council for each redevelopment project. The plan should include a variety of methods used to provide information to the public, target audiences,forecasting key issues and decision points, methods to receive feedback, key messages and time frames. Because the plan identifies key concerns/issues for the community and the primary purpose of the redevelopment it is important to develop it very early in the process. The plan must be implemented to ensure frequent and consistent communications that inform,forecast, acknowledge controversy, address issues and communicate the vision. 3. Developer selection should be competitive whenever possible. Competitive selection will increase the available options and provide greater assurance that the City is providing the right level of assistance. 4. Developer selection should be based on the following factors: • Proposal ability to achieve the primary objective identified by the City Council. • Financial feasibility. • Demonstrated ability to achieve design guidelines. • Demonstrated ability of developer to access required project equity and financing. • Developer experience with similar projects. • Developer ability to demonstrate design and process flexibility. • Developer experience with incorporating existing businesses into new project. • Developer experience with acquiring property without condemnation. • Developer experience with communicating with public. 5. The redevelopment process should follow the "Redevelopment Process Framework" as reasonably possible. This process has been designed to increase the potential for successful redevelopment. . 6. Eminent domain will not be authorized to assist a developer in property acquisition except where an independent third party certifies that best faith efforts have been unsuccessful in attempts to acquire property required for development. Use of alternative dispute resolution helps avoid the perception that the city and/or the developer will take advantage of existing property owners. 7. The City/EDA/HRA should consider purchasing property within the redevelopment area when the following conditions are met: • Acquisition costs are reasonably close to estimated market value. • It is possible that the property would be acquired and developed for a use inconsistent with development goals or design guidelines without the assistance of the City/EDA/HRA. • A method to finance the acquisition and holding cost can be identified. • The parcel is key to achieving redevelopment objectives of the City. 8. Developers entering into preliminary development and fmal development agreements will be required to deposit funds to defray development review costs. This would include legal,finance,planning and communication costs. 9. Public assistance in the form of tax increment, grants, reduced fees or other means of assistance will comply with the City's Business Subsidy Policy. In addition an independent "rate of return" analysis will be prepared prior to granting any assistance. N:\General\Project Management\dev.process.policies.2.doc •