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2018 Action Plan <br /> <br />REDEVELOPMENT <br />Develop a plan for the use of the remaining balances in TIF Districts 2-1 & 3-2; Consider exploring <br />proactive options for targeted redevelopment areas; Evaluate outcomes of past land purchases held for <br />redevelopment versus buying land when a project is ready; Include targeted redevelopment as part of <br />2040 Comp Plan <br /> <br /> Responsible Target <br />Tasks Party Date <br /> <br /> Evaluate Outcomes of Past Land Purchases <br />- Develop Listing of Past Purchases <br />- Analyze Price Paid/Lost Property Taxes <br />- Review Properties Purchased at time of Development <br />- Comparison of Pre/Post Tax Base Staff May 18, 2018 <br />- Discuss Site Availability <br />- Resources/Financial Feasibility <br />- Infrastructure Needs <br />- Other <br /> <br /> Consider Proactive Options for Targeted Redevelopment <br />- Prepare Report on Possible Redevelopment Areas Staff May 18, 2018 <br />With Opportunities/Issues Analysis <br /> <br /> Prepare Report on Options for Use of Remaining TIF Balances <br />- Balance From TIF 2-1 <br />- Balance From TIF 3-2 Staff/Ehlers May 18, 2018 <br />- Balance From TIF 3-3 (Housing District) <br />- Resources from Suite Living Project <br /> <br /> Conduct Workshop To Review Reports & Determine <br />Next Steps (Coordinate with Downtown Discussion) City Council May 23, 2018 <br />