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• Acquisition costs are reasonably close to estimated market value. <br /> • It is possible that the property would be acquired and developed for a use inconsistent with <br /> development goals or design guidelines without the assistance of the City/EDA/HRA. <br /> • • A method to finance the acquisition and holding cost can be identified. <br /> • The parcel is key to achieving redevelopment objectives of the City. <br /> 8. Developers entering into preliminary development and final development agreements will be <br /> required to deposit funds to defray development review costs. This would include legal,finance, <br /> planning and communication costs. <br /> 9. Public assistance in the form of tax increment,grants,reduced fees or other means of assistance will <br /> comply with the City's Business Subsidy Policy. In addition an independent"rate of return"analysis <br /> will be prepared prior to granting any assistance. <br /> N:\General\Project Management\dev.process.policies.2.wpd <br /> • <br /> • <br />