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6. Area Redesign and Redirection - This is where a <br />maste[ plans developed and takes a new direction for <br />the area, changing what was perhaps a residential or <br />small commercial area and transforming it into something <br />different, such as a significant office, industrial <br />commercial or multipule residential hub. This often <br />entails the development of an entire group of buildings <br />and putting in and financing of the new direction. <br />Again this has been seen in areas principally older <br />areas such as the central cities. <br />none of these levels are necessarily exclusive and can be used as <br />being appropriate within each areas. <br />B. Ar_e�aaTTarrgeeting - As part of the strategy and in addition to <br />the Tevel of involvement, the City needs to take a comprehensive <br />look at the areas in which it does want to become involved based <br />on criteria it feels appropriate but it would take public <br />Involvement. <br />C. Means to Achieve <br />1. Financial Tools <br />- Tax Increment Districts <br />- Revenue Bonds <br />- Community Development Grants <br />- Special Assessments <br />- Community Redevelopment District <br />- Public Tax Monies <br />- Municipal State Aid <br />Private Donations <br />Economic/Private Development <br />Star Cities Program <br />- City Surplus Investment <br />D. Development of Redevelopment Policy <br />Nun -Financial Tools <br />- Community Leadership <br />- Land Use Planning <br />- Amenable Zoning or. <br />Subdivision Regulation <br />- Master Planning <br />- Strategic Planning/ <br />Process <br />- Public Improvements <br />The following represent steps needed in development and <br />redevelopment policy. <br />,, nev•lopm^nt of general strategic direction <br />i. ^etting goals and objectives policy <br />i. To rgr•t ar, 3s: <br />�. level of invnlvement <br />6. tools of development <br />c. Implemen, redevelopment plans <br />4. evalu.,ti-n and redirection <br />