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• prepare and periodically update an inventory of undeveloped land, <br /> • • list undeveloped parcels on the City web site with the knowledge and <br /> consent of their owners/agent, <br /> • acquire and/or clear underdeveloped sites suitable for new <br /> construction, <br /> • focus development efforts on businesses suitable for smaller lots, and <br /> investigate the possibility of combining adjoining lots to accommodate <br /> larger businesses. <br /> • In situations involving unrealistic price expectations on the part of those <br /> who own undeveloped parcels of land(i.e., asking prices well in excess of <br /> actual market value), <br /> • wait for the market to "catch up" with currently excessive asking prices <br /> and <br /> • investigate options that might reduce those prices (offering relocation <br /> assistance,.etc.). <br /> 4110 • In cases involving actual or perceived neighborhood opposition to tc^ <br /> commercial development of certain types in certain areas, <br /> • survey nearby residents to determine their preferences and/or ( Oi• arrange neighborhood meetings or public hearings m connection with <br /> � <br /> proposed commercial development(s). <br /> — • In situations where owners of"underdeveloped"parcels (especially ) <br /> residential homeowners and owners of old or obsolete commercial <br /> structures) are unwilling to sell, thereby delaying or preventing the <br /> development of those properties to their highest and best use, <br /> • arrange meetings with the owners, <br /> • provide current information to them regarding the potential market <br /> value of their properties, <br /> • develop or refine City relocation policies, or <br /> • consider the use of eminent domain in appropriate circumstances. <br /> • 6 <br />