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Recommendation <br />EDAC's Redevelopment Task Force recommends that the City Council pursue Actions 2 and 3. <br />Action 2: While EDAC recognizes that market forces will play a major factor in future <br />redevelopment of properties on Lake Drive and Hodgson Road, Action 2 places the City in a <br />more proactive role in redevelopment and encourages private investment. Public commitment to <br />growing the City's tax base may be required in order to redevelop priority sites and encourage <br />private commercial and industrial development. <br />EDAC encourages the City Council to make best use of financial tools available, including the <br />temporary lifting of use restrictions for Economic Development TIF Districts. <br />EDAC also recognizes that it is a City Council priority to not raise residential taxes. When <br />property values begin to increase again and new development occurs in the City, a levy for <br />economic development purposes could be used to assist private development with extension of <br />public utilities and /or purchase of blighted properties without increases in the tax levy. <br />Action 3: Once the Comprehensive Plan is passed by the City Council, staff will examine the <br />City's zoning ordinances to ensure conformance with the goals and policies of the <br />Comprehensive Plan and bring those changes to the Planning & Zoning Board and City Council <br />for consideration. During this review, EDAC would like the City to consider opportunities for <br />changes to the zoning ordinances or additional zoning categories that would allow flexibility <br />within commercial /industrial areas of the City. <br />Implementation <br />Council Options: <br />1. Accept the Task Force report <br />2. Direct Staff and Planning & Zoning Board to evaluate current commercial and industrial <br />zoning while revising and updating the City's zoning ordinance as part of the <br />implementation of the Comprehensive Plan. Consider appropriate measures to provide <br />flexibility within commercial and industrial areas of the City, in particular properties that <br />have no access to public utilities. <br />3. Make use of all tools available to leverage public investment in private redevelopment of <br />commercial and industrial properties. <br />7 <br />• <br />• <br />