remains committed to the fair treatment of property owners as . That's the message from Mayor James Beck in a letter he wrote last week to property owners.
"The city has made it abundantly clear to each of the developers that residents be treated fairly and with respect," Beck wrote. "The city plans to utilize generated by the new projects to enable the developers to offer acquisition prices well above market values and to also provide relocation benefits."
The letter also states that the Menards-Pace effort is "very likely the city's last effort to seek redevelopment." If it fails, homeowners will be required to fix blight or sell their property individually.
A complete copy of the letter is attached to this article.
Hadley Letter: Taxpayer Financing Will Aid Buyouts, Relocation
A Friday message from Mayor James Beck states that Richmond Heights is committed to ensuring Hadley Township property owners are treated fairly amid redevelopment.
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Richmond Heights claims that the current developer is offering contracts "above market” values. However, they are not “well above” market values to compensate current property owners for what they have – they will not be able to replace their current homes. Some property owners have made improvements to their homes that took years of hard work to accomplish.....which will not be able to be replicated with the offers made by the developer. Furthermore “above market” values are based on properties that have suffered years of systematic abuse. Although several property owners have maintained their homes and added to them, their values have decreased, due the overall condition of the neighborhood caused by systematic blight.
The City is concerned that without their involvement they will end up with “gas stations and fast-food restaurants”..yet most of the “big box developments on asphalt parking lots" include gas stations and fast food restaurants as exhibited with developments along Hanley. One of the proposed developments includes a gas station. There are other ways to revitalize this neighborhood. Shame on Richmond Heights. I hardly think the city and developer are treating property owners with respect.