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Industrial Land Development Update <br /> July 14,2003 EDA Meeting <br /> Page 2 of 2 <br /> • Each landowner would have the option to participate or not participate. If they choose not <br /> to participate in the beginning,they may change their mind and participate at a later date.As <br /> part of the process, a"BUT FOR" analysis would be preformed to insure compliance. <br /> In addition, staff is gathering information and research on property special assessments and <br /> the estimated costs to prepare the sites for immediate sale and development. <br /> Next Steps <br /> Following the landowner meetings, staff and Mr. Inman are developing a strategy for which <br /> to determine the basis to which the city may participate for industrial development on each <br /> site,including established goals for the type of user,building standards, and level of <br /> assistance needed to make the site competitive within the market. <br /> The strategy will be reviewed and discussed by the Marketing Committee at a July 22n1 <br /> scheduled meeting, and presented as a recommendation for review and final action of the <br /> EDA. <br /> • <br /> 1111 <br />