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N O R T H W E S T Q U A D `N:, T ai hol offla t] siness UpdF t S i1 ISSUE NUMBER 1 THE CITY OF ST. ANTHONY DECEMBER 2001 I Q. Is the City moving forward market value for their property and with Northwest Quadrant Area This update features allows for a satisfactory time to redevelopment plans? complete acquisition and relocation. A. Yes. In September, the City issued commonly asked Questions by Fair market value is determined by a a request for redevelopment proposals St. Anthony businesses about professional appraisal. for the Northwest Quadrant the Northwest Quadrant Q. Will the City use condemnation Redevelopment Area. The City to acquire properties in the received eight proposals from seven Redevelopment process. redevelopment area? developers. Currently, the City is reviewing and evaluating A. The City will encourage the those proposals and interviewing developer to reach a voluntary agreement with property owners. developers. The City is likely to know City could proceed with a final by early 2002 if any of the proposals development agreement, allowing property owners are required to will work for the Northwest Quadrant land acquisition to be completed and receive fair market value and • businesses that must relocate receive Redevelopment Area. construction to begin. During the preliminary development phase, a relocation assistance. If an agreement Q. My business is in the number of ve imortant issues cannot be reached and mediation is ry p redevelopment area. Can you tell me unsuccessful, the City will, as a last when I will be acquired? would need to be satisfactorily resort, consider condemnation to addressed, including planning, acquire properties.As a general rule, A. No. Because there is no selected zoning, and funding. Because of the most redevelopment acquisitions are redevelopment proposal,it is really size of this redevelopment site it may accomplished through voluntary sales. too early to know when or if any also be necessary to seek some properties will be acquired.Typically, legislative funding in order to Q. Once the timing of property once the City and developer have complete the redevelopment. acquisition is known, how much time entered a preliminary development Q. Is it possible that City will not will I have to relocate? agreement,businesses are contacted to choose any of the development A. Developers generally contact discuss acquisition. However, property or developers? businesses to make an offer at least is not actually acquired until a final proposals p development agreement has been A. Yes, it is possible. The City could days prior to the date that they need reached by the City and the developer. also work with developers to identify need the properly. Typically, the potential modifications of individual contact begins much earlier because Q. If the City identifies a viable als to make them more suitable the developer's goal is to gain control propos development proposal, what happens to the al of the property through a purchase next? ty agreement at least three months A. If the City evaluation determines Q. How are my rights as a property before construction must begin. that one of the development owner protected if my property is Generally, once a purchase agreement proposals is viable for the community, acquired. is reached, a mutually agreeable date the City and developer would enter a A. The Uniform Relocation Assistance for relocation is determined between preliminary development agreement. Act lays out the acquisition process the business and developer. That would allow the developer to that cities must follow and provides Q. Should I begin looking for new develop his proposal into a detailed for the protection of property owners' locations for my business now? • plan and seek public input. If that rights. For example, the act provides A. It is always good to be aware of phase is satisfactorily completed, the for property owners to receive fair options; however, at this time the