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A <br /> • <br /> ,,--ARQEN HILLS <br /> MEMORANDUM <br /> DATE: May 22, 2007 <br /> TO: Economic Development Commission <br /> FROM: Karen Barton, Community Development Director <br /> SUBJECT: Redevelopment Process Overview <br /> The Arden Hills Economic Development Commission adopted an economic <br /> development strategic plan for the City on August 16, 2006. One of the goals of the <br /> strategic plan and a top priority of the EDC is targeted redevelopment of a number of <br /> sites in the city. These sites include the Red Fox/Gray Fox business/industrial area, the <br /> former city hall/public works site on CR 96, the Lexington and CR E business area, and <br /> • the Chesapeake property in the Gateway Business District. <br /> To facilitate the redevelopment of these areas, there are a number of options the city <br /> can pursue. The following provides a general outline of the redevelopment process and <br /> lists tools that are available to aid in the process: <br /> Redevelopment Area Designation <br /> The city is not required to designate redevelopment areas. However, having formally <br /> designated redevelopment areas can aid in obtaining grants, such as Community <br /> Development Block Grants. It also helps to ensure the city's vision regarding <br /> redevelopment is carried forward regardless of council, EDC, and/or staff changes. <br /> Redevelopment areas can be designated via a formal council resolution or through <br /> inclusion in the city's Comprehensive Plan. Given that the city is just beginning the <br /> process to update its Comprehensive Plan, the timing is good for designation and <br /> inclusion of targeted redevelopment areas within the Plan. <br /> Redevelopment Memo <br /> May 22, 2007 <br /> - 1 — <br /> \\Metro-inet.us\ardenhills\Admin\Committees\Economic Development Commission\Redevelopment Memo 5-22-07.DOC <br />