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Case #3 <br /> <br /> Potential Property Acquisitions for Redevelopment <br />Scan M. Sullivan, Economic Development Coordinator <br /> <br />Background: <br /> <br />The EDA has been actively involved in acquiring properties in need of redevelopment. Staffhas <br />identified properties located in the Critical Blight Redevelopment Area (CBRA) as well as other <br />locations in need of acquisition to facilitate quality development. (See map). The Community <br />Revitalization Program has been well received from the business community and continued <br />acquisitions are necessary to keep the redevelopment project moving forward. <br /> <br />Recommendation: <br /> <br />Identify attached properties for acquisition. <br /> <br />Begin negotiations for acquisition of identified properties and to use eminent domain if <br />negotiations fail. <br /> <br />EDA Action: <br /> <br />Motion to recommend to City Council that the attached properties be acquired for <br />redevelopment, to begin negotiations immediately, and to utilize eminent domain powers if <br />necessary. <br /> <br />EDA: 02.08.06 <br /> 17 <br /> <br /> <br />