COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Cuyahoga County Department of Development T.A.L.K. Technical Assistance Learning Kit

Agenda 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 TALK

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Mayor Thomas P. Perciak City of Strongsville

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Director Paul Oyaski Cuyahoga County Department of Development

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones 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

Commercial Redevelopment Fund Three funding opportunities: Municipal Redevelopment Private Redevelopment Local Parking Needs Funding Availability Municipal Project (February - once a year competitive fund) $2,275,000 Private Redevelopment Fund$3,575,000 Local parking Needs Fund$650,000 TOTAL $13,000,000$4,225,000$6,500,000$2,275,000

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

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

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

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)

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

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

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

Municipal Redevelopment Fairview Park Lorain Road circa 1999

Municipal Redevelopment Fairview Park Lorain Road circa 2007

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones C OMMERCIAL R EDEVELOPMENT F UND Christine Nelson Community Development Manager Pequita Hansberry Development Finance Analyst

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Site Selection Program

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

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!

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.

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!

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 ed back to us did not meet the minimum criteria requested- wasting valuable time in the process

COMMISSIONERS Jimmy Dimora Timothy F. Hagan Peter Lawson Jones Roundtable Discussion TALK