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Revisions to the Assessment Policy <br />The City, through its ordinances, policies, comprehensive plan, and general practice, has <br />maintained the philosophy that "development pays its own way." So far, this has meant that <br />public improvements needed because of development are designed, constructed, and fi- <br />nanced by the developer. This year there was a petition from a developer to levy an assess- <br />ment against property that he owns for 100% of the road project cost, including all design, en- <br />gineering, inspections, etc. The property benefiting from the road improvement would be sub- <br />ject to the assessment. The City Council decided to send the request to all the commissions <br />and get their feed back on a revised assessment policy where the City could finance a public <br />improvement under certain conditions. The EDA reviewed the request in May and during the <br />discussion agreed that completion of key infrastructure improvements is one way to encour- <br />age business development. The EDA made a recommendation to the City Council to revise <br />the policy for public improvement projects that could spur economic development. In June, <br />the City Council revised the policy to allow City financing under 'certain conditions, including <br />projects with commercial and industrial economic development potential. <br />City Acquires Additional Commercial Land in Downtown <br />In May, the City entered into a pur- <br />chase agreement with the owners of <br />the former Carpenters Steakhouse to <br />acquire 1.34 acres adjacent to the city <br />owned property across from City Hall. <br />In July, the City closed on three of the <br />five parcels and is expected to close on <br />the other parcels early 2014. The total <br />acreage that the City will own across <br />from City Hall will be approximately 4 <br />acres. The city owned property is cur- <br />rently for sale and available for prime <br />commercial development. <br />The City does not require parkland dedic <br />trial development - <br />The City does not charge sewer truck ch, <br />downtown. <br />Our industriaf parks are located just 2 mi <br />off of Highway 61 <br />The Bald Eagle Industrial Park is served <br />spur for all businesses to access. <br />Hugo is a one stop shop for commercial <br />is the Local Governing Unit for Rice Cree <br />Hugo completed a Business Retention a <br />in 2010 and was awarded an Internatior <br />nroaram in _9019 <br />