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• CHALLENGE(S). RESPONSE(S)/ACTION(S) <br /> 1. A scarcity of undeveloped land 1. Prepare and periodically update an <br /> suitable for new construction. inventory of undeveloped land; list <br /> undeveloped parcels on City web site <br /> with consent of owners/agents; acquire <br /> and/or clear underdeveloped sites <br /> suitable for new construction. <br /> 2. The small size of the few 2. Focus development efforts on <br /> remaining parcels of undeveloped land businesses suitable for smaller lots; <br /> that still remain. investigate possibility of combining <br /> adjoining lots to accommodate larger <br /> businesses. <br /> 3. Unrealistic price expectations on 3. Wait for market to "catch up" with <br /> the part of those who own undeveloped currently excessive asking prices; <br /> parcels of land (i.e., asking prices well investigate options that might reduce <br /> • in excess of actual market value). asking prices (relocation assistance, <br /> etc.). <br /> 4. Actual or perceived 4. Survey residents to determine <br /> neighborhood opposition to commercial preferences; arrange neighborhood <br /> development of certain types in certain meetings and/or public hearings in <br /> areas. 0 connection with proposed commercial <br /> development(s). <br /> 5. Uncertainty regarding the 5. Discuss general development <br /> position/direction/philosophy of the policies with City Council/EDA a <br /> City Council and/or EDA with respect work sessions on a periodic basis; <br /> to commercial and industrial periodically review (and update or <br /> development in general or with respect amend, as needed) TIF policy. <br /> to City/EDA financial assistance related <br /> thereto. <br /> • <br />