T.A.L.K. Technical Assistance Learning Kit

1. T.A.L.K.Technical Assistance Learning Kit Cuyahoga County Department of Development

2. Agenda TALK • Welcome: Mayor Thomas P. Perciak • Opening Remarks: Paul Oyaski, Director Department of Development • Commercial Redevelopment Fund • Christine Nelson, Community Development Manager Department of Development • Site Selection Program • Shilpa Kedar, Director Attraction & Expansion Team Neo • Tracey Nichols, Assistant Director Department of Development • Roundtable Technical Assistance

3. Mayor Thomas P. Perciak City of Strongsville

4. Director Paul Oyaski Cuyahoga CountyDepartment of Development

5. Commercial Redevelopment Fund

6. Commercial Redevelopment Fund • BOCC authorized $13 million pilot program to overcome barriers to the full re-use of commercial and industrial properties • Job creation and an increase in property values are expected outcomes

7. Commercial Redevelopment Fund • Three funding opportunities: • Municipal Redevelopment • Private Redevelopment • Local Parking Needs

8. Municipal Redevelopment • $800,000 Loan maximum • Sliding scale of forgiveness • Buildings must be 20 years or older and • 40% or more vacant for at least two years OR • Building must have lost 100+ jobs in last year

9. Municipal Redevelopment • Open to all suburban communities. • One project per community per year • Annual competitive funding round February 29, 2008

10. Municipal Redevelopment • Must have a development agreement • Do not need an identified end user • Must sell/lease property to a for-profit end user • 10% income tax sharing for 5 years after occupancy

11. Municipal Redevelopment • Payments and interest deferred for 3 years • Loan repaid upon transfer of property or • 5 year term at 6% • 50% of loan may be used for property acquisition (if purchased within one year prior to application)

12. Scoring Criteria: Existing Structure Age of Building Size of Building Percentage Vacant Length of Vacancy Municipal Redevelopment

13. Municipal Redevelopment Scoring Criteria: Redevelopment • Type of Project • Historic Preservation • Rehabilitation • Demolition • Eligible Costs • Leverage

14. Municipal Redevelopment Scoring Criteria: Projected Outcomes • Primary Use • Job Creation • Economic Benefit

15. Municipal Redevelopment Fairview Park Lorain Road circa 1999

16. Municipal Redevelopment Fairview Park Lorain Road circa 2007

17. COMMERCIAL REDEVELOPMENT FUNDwww.cuyahogacounty.us/crf Christine Nelson Community Development Manager 216-443-8066 cnelson@cuyahogacounty.us Pequita Hansberry Development Finance Analyst 216-443-8397 phansberry@cuyahogacounty.us

18. Site Selection Program

19. Site Selection: Why Participate? • Companies that use site selectors are usually making a large investment of capital and creating MANY new jobs • A single new company can bring large amounts of new revenue to the region and to your community

20. Site Selection: How Can We Be More Competitive? • We have to know what’s available • We need COMPLETE information • The turn-around is quick so the information must be READY!

21. Site Selection: How To Get Maximum Exposure • List your sites on PROCURE • List your sites on Cleveland Plus • Make sure all the information is complete on the sites • Complete a fact sheet on your community- tax rates, distance to airport, utilities information, etc.

22. Site Selection: What Not To Do • DO NOT talk about problems or drawbacks in communities you believe you are competing with! • DO NOT miss the deadline and expect to be included in the submission package! • DO NOT call us continually asking for an update!

23. Site Selection: Recent Examples of Problems • Project Yosemite- every site submitted was not on Procure • The community sites do not include all the info we need, so we have to spend time trying to contact you • Sites e-mailed back to us did not meet the minimum criteria requested- wasting valuable time in the process

24. TALK Roundtable Discussion