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<br />Redevelopment and Financial Tools Study <br /> <br />Tax Abate111ent <br /> <br />~ Identified properties are taxed as all other properties <br />~ Allows the City to generate dollars, through a levy, <br />by identifying "abatement properties" and measuring <br />the tax revenue to be generated by those properties. <br />~ City share of tax revenues <br />~ Abated properties must benefit from dollars spent <br /> <br />7 <br /> <br />~ .~:~,~.~r~,~~;D <br /> <br />W <br />I..//'Eminent Domain <br /> <br />~ A tool which can be used to facilitate a fair <br /> <br />purchase price between a buyer and seller <br /> <br />~ Relates to the fundamental issue of site control <br /> <br />- Project not likely to proceed without some assurance <br />that site control can be attained <br /> <br />- Developers often ask about the willingness to use <br />eminent domain to facilitate a transaction <br /> <br />8 <br /> <br />1~~:"~~.~r~,~~;D <br /> <br />4 <br />