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■ Develop different standards for redevelopment to include obsolete structures or to <br />reflect the deterioration conditions that currently exist in the Metro Area; <br />■ Allow for the assembly of multiple parcels for redevelopment projects; <br />■ Provide for the ability to acquire land from "holdouts" who will now view a publicly funded <br />project as an opportunity for personal gain at taxpayer expense; <br />■ Modify the public purpose definition under Chapter 117 to allow cities to more expediently <br />address properties that are vacant or abandoned in areas with high levels of foreclosures, <br />so as to address neighborhood stabilization and recovery . <br />■ Review the new compensation and relocation provisions to determine whether they are <br />reasonable and if they are fair to individuals and the public; and <br />■ Allow for modifications to the effective date language in the 2006 legislation in order to <br />accommodate delays in project schedules that are beyond the control of the acquiring <br />authority. <br />III -K This Old House /This Old Shop <br />Metro Cities supports the reenactment of the "This Old House" law, which allowed owners <br />of older homestead property to defer an increase in their tax capacity resulting from <br />repairs or improvements to the home. In particular, "This Old House ", or a similar program, <br />should be reauthorized as an incentive for re- occupying and homesteading foreclosed or <br />vacant homes. <br />Metro Cities also supports passage of similar legislation for owners of older <br />commercial /industrial property that make improvements that increase the property's <br />market value by at least 12 %. <br />III -L Business Subsidy Policy <br />Without a.thorough study, the Legislature should not make any substantive changes to the <br />Business Subsidy Act during the next legislative session, but should look to technical <br />changes that would stream line both state and local processes and procedures. The <br />legislature should distinguish between development subsidies and redevelopment <br />activities. In addition, in order to ensure cohesive and comprehensive regulations, the <br />legislature should limit regulation of business subsidies to the Business Subsidy Act. <br />Metro Cities supports additional "Jobs" legislation that includes tools to help facilitate <br />further economic development and job creation. <br />22 Metro Cities <br />