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• first phase is under development. However, there are some disadvantages to this <br /> approach. The major concern is that the acquisition cost of phase 2 properties may <br /> escalate due to the combination of enhanced public improvements and anticipated <br /> market demand for these properties. <br /> 9. Because of these concerns, the developer should be encouraged to acquire as much <br /> property as financially feasible during the initial phase of this project. It is likely that <br /> the developer will need assistance in land assembly. This will include the potential <br /> need to use the City's eminent domain authority under special circumstances. <br /> 10. If the development is phased, the proposed public improvements installed as part of <br /> the development will benefit the remaining commercial properties adjoining this site. <br /> Consideration should be given to assessing these properties for a portion of the cost <br /> of the improvements. <br /> • <br /> Ehlers & Associates— November 6, 2002 <br />