WRC plan revision Public hearing

1. November 13, 2013 WRC plan revision Public hearing

2. I fully understand the concerns of the impacted property owners I must do what is best for the community as a whole, even if it is sometimes unpopular I sincerely apologize for not distributing detailed information with the notice I will present you the facts today so you can at least understand what is being proposed Overview

3. The WRC is responsible for developing and maintaining a long term Redevelopment Plan • As with all Plans, the Commission revises it periodically to account for changing conditions • This is the 6th Amendment of the WRC Plan since its initial adoption in 1997 • The 2 major changes of this amendment are: • Creation of the Stadium District • Creation of the Boulevard Business District TIF Area Overview

4. By law, the WRC must develop an “Acquisition List” to identify properties that it may be required to purchase to facilitate the Plan This is also the 6th Amendment to the WRC Acquisition List since its initial 1997 adoption 100’s of properties are already on the List This process is nothing new, but the number of properties is significantly larger than usual with this amendment Acquisition list

5. Why are properties placed on Acquisition List? • Ensures a public process is followed • Protects property owners • Allows remonstrance and transparency • State law requires identification before we acquire and use certain funds • Provides additional flexibility in acquisition process • Expedites the process • Allows us to use Eminent Domain where necessary Acquisition list

6. What does it mean to be on the List? • Area identified for “possible” future development • No guarantee a property will be acquired or not • Allows City to purchase properties from willing sellers as soon as plan is adopted • Allows City to pursue acquisition in future if required for development Acquisition list

7. If we need to acquire your property, and you have been an asset to the community by maintaining and investing in your property over the years, the City will bend over backwards to find a solution that works for both parties These solutions may include: My commitment

8. Delaying the acquisition • Facilitating your relocation, including: • Swapping • Senior Apartment option • Real Estate expert assistance • For Seniors, a “Life Estate Deed” Option • Allows seniors to sell their home now and stay until they can no longer do so My commitment

9. I never planned, intended or remotely considered kicking senior citizens out of their homes against their will I am fully aware of the families who have lived in these areas for years and have nothing but the greatest respect for many of them I have been approached by several people who would like to consider other residential options and this plan will allow me to work with them My commitment

10. BUT, if you are the owner of a derelict property or are a negligent absentee landlord, I have an obligation to pursue the acquisition of your property at the lowest possible price in the shortest time frame possible My commitment

11. Acquisition of Property • I am well aware that acquiring someone’s property is not always a welcome event • We will be compassionate and take great strides in making sure the transaction is fair • If a property owner has been an asset to the City, we will bend over backwards to accommodate them • Finding new homes/apartments • Senior Building construction • Trading, etc. Reprinted from my august public forum

12. Acquisition of Property • BUT……… • If a property owner has neglected their property for decades, I will use every tool in my bag to acquire their property at the lowest possible cost • I won’t allow bad absentee landlords or property owners to impede our growth • I have tried very hard to be open and straightforward about this plan from day one Reprinted from my august public forum

13. The acquisition process is explained in more detail in the “Information Sheet” Also includes broader details of my presentation Related Information

14. This project will: • Provide the needed infrastructure for new investment • Provide new “diverse” residential opportunities • Provide multiple new commercial opportunities • Serve as the ‘Gateway’ into the Lakefront Park Stadium district plan

15. The project area includes all properties east of the Schrage Avenue east alley and north of 121st • All of Old Standard Avenue • All of Old Center Street • All of 119th Street • All of Front Street Stadium district plan

16. 2014 Reconstruction Project will likely draw interest from potential developers Always viewed as huge opportunity for growth Significant potential – traffic volume Inconsistent Land Use – Zoning Minimal developable space available Acquisitions are an option to facilitate projects Boulevard business corridor tif

17. This project will be driven by a series of factors including: • Private investment & Demand • Suitable location • Willing sellers • City participation • Long Term Project • There is no immediate serious interest at this time • Strip Malls have never been discussed as rumored Boulevard business corridor tif

18. There is also no funding currently allocated to this project It is possible, that specific projects that help facilitate the Stadium District Plan could be funded in the near term 3 to 10 year horizon?? Boulevard business corridor tif

19. This Plan is sound and is of Public Utility and Benefit – good for the overall community I’ll commit to personally meeting to discuss any aspect of this plan as time permits If someone couldn’t attend tonight, I will do the same Closing comments