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MINUTES <br />CITY COUNCIL <br />I+71~RCH 6, 1995 <br />could be a catalyst for redevelopment. If the City <br />addresses the market and physical issues, the process <br />will tell the City what it needs to do to get involved <br />and seize redevelopment opportunities. <br />Morelan felt that the financial aspect may be the first <br />element that should be looked at. Morelan pointed out <br />that a redevelopment plan could be developed only to <br />find out there is not enough TIF assistance available <br />to make the plan work. <br />Fifield felt that the City first needed to define what <br />sort of projects it wants to see happen and prioritize <br />those projects. If a project is important, the City <br />then needs to identify what it can do to make that <br />project happen. This process will also prepare the <br />City for approaching the Legislature next year to <br />request special assistance. <br />Fahey pointed out that in meeting with the City's <br />legislators recently, it appears that the projects most <br />feasible to receive special legislation involved <br />redevelopment and the acquisition of properties. <br />John Vitale asked if the process would be completed by <br />the end of December. <br />Fifield replied that it would be. <br />Fahey pointed out that if the City has developers <br />interested in building a theater and a hotel, this <br />development guide will tell the City whether or not to <br />encourage this type of development. <br />John Vitale felt that the <br />pointing out that Rainbow <br />move out of the City. <br />City was hurting for time, <br />and Snyders are likely to <br />Fifield felt this was a significant juncture in time in <br />Little Canada, and the City needed to seize the <br />opportunity to identify the issues and do a <br />redevelopment project that will be right for the City. <br />Fahey asked if the study would include a look at <br />existing uses as well as recommendations on whether or <br />not properties should be condemned. <br />Schroeder pointed out that they would be hired to tell <br />9 <br />