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i • "acquisition"can cover a broad range of ownership(and temporary ownership types,including options,leases,purchases or other forms of land/property transfer)types. In other communities,redevelopment commissions have engaged in real estate-related projects with a broad range of intents and purposes,such as: • Acquisition of property as a result of the tax delinquency process in order to restore the property to taxable status and restore municipal property tax revenues. • Acquisition of property to address/remove blighting influences or other neglect on neighborhoods. • Acquisition and re-sale of property to facilitate the expansion of desirable local business. • Acquisition of property to create buffers between different or conflicting land uses. • Acquisition of property for the purpose of preservation of the property or the character of a neighborhood. • Acquisition of property for the purpose of leasing the property to a desired employer or education/ training provider. In addition to acquisition of property,the MRC can also envision the potential for participation in economic redevelopment projects,such as façade or other building renovation in the historic downtown area for projects which adequately promise/provide positive benefit to the commercial areas of Mooresville. While the MRC does have statutory authority to pursue real estate acquisition through eminent domain,the MRC has historically emphasized negotiated purchase in order to pursue real estate-related projects and docs NOT anticipate the use of eminent domain in this 2012 Amendment. Workforce Development&Education The MRC recognizes that workforce development is a major issue that will continue to confront economic development policy makers. It is imperative that employees continue to be trained and re-trained at more sophisticated and specialized levels in order to maintain their economic viability. This Project is aimed more at the employee than the employer,per se,but nonetheless has a direct and positive impact on local economic development. When all of the other issues are resolved,the purpose of economic development is to provide economic opportunity to the populace. Most agree that creating and retaining jobs is the central issue in economic development. Creating/retaining jobs must,in all cases,be coupled directly with employees trained to fulfill the requirements of those jobs. Workforce development is the method by which employees'skills continue to evolve along with technology and productivity. The MRC is prepared to engage in the development of partnerships with state-level entities,such as Ivy Tech and/or other educational institutions,in providing worker training and re-training in order to enable Mooresville residents to remain viable in the evolving Indiana economy. The MRC will consider assisting and incentivizing post-secondary education opportunities for Mooresville residents. Workforce development projects would,therefore,be targeted directly at issues of offering opportunities for the types of education and training which are commensurate with evolving and increasing economic job opportunities for Mooresville citizens and residents. Additional ED&Redevelopment Projects to be Considered in Public Discussion The MRC Retreat also identified a series of conceptual project types which are likely to require greater investigation and research into the details of implementation and operation before public 10 Mooresville Economic Development&Redevelopment Plans:2012 Amendment (draft,June 27,2012)