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I I I I i 'i I I I I I i I Backgrc~ on formation of thru co. tree The establishment of l~le of Cities in Beal Estate De~lof~ent Ocmaittee was authorized by the Citizer~ ieague Board of Directors in the su~mer of 1984. Its establisl~ent is an outgrowth of a previous ommmittee in the s~ne general subject area, authorized in the suaa,er of 1982. T~e previous o0mmsittee sulmmitted its report to the Board of Directors in February 1984. 7he Board debated the report at three separate meetirgs before oo~cludirg that the best approach to take would be to start a new oc~mittee, instead of acting on the report of the first cc~mittee. The report ir~luded major r~ations for char~ing the system, whid~ had support from a substantial majority of osm..,~ttee members, 10ut also ir~luded a strong dissent from a minority of me~bers. new oi......~ttee included eight persors who served on the first ~ttee. The Board of Directors adopted the following charge to the Bole of Cities in Beal Estate ~ ttee.. "Cities have always been involved with real estate development, mostly through planning ar~ zoning decisions and provisions of basic infrastzuoture. In recent years cities have Galled on new tools to guide development. These tools, which are primarily financial, have ushered in a new w~rking relationship between ,.micipal officials and private developers, a kind of partnership in investing ar~ de%~_loping. ~be oontext of this partnership includes the federal attention to local real estate development inaugurated by the urban renewal program and the more recent interest _manifest by state governments o ."While there are relevant state statutes, as well as procedural protoools observed by cities individually, there is no well ur~erstood and articulated policy framework for this new relationship. Tbs committee shall r~ the elements of such a framework. ~be __mC,-m~ tree should, specifically: Review the rationale for the role of cities as investors ar~ developers and the public purposes sers~d, identifying the kinds of r~_ds that suggest sc~e form of public ass istar~e. I i I I ! 5 Identify existing or potential hazards. Develop a policy framework for the management of cities', role in real estate des~lopment. In des~loping the policy framework, the o-m~ttee should: Identify: a) the criteria by which cities decide whe~ to provide finar~ial assis~ for projects, b) what fora the financial assistance sbculd take, and c) the extent to which they should use their cwn fur~is and those of other levels/units of Identify, imofar as possible, improved ways to provide financial assistance. Show bow cities can carry out their regulatory ar~ development functions oc~l~tibly.