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a. Additional Land <br />The City must expand into areas that are capable of sustaining commercial, <br />industrial and residential development. This will provide the City with <br />the opportunity to compete with other developable areas, not only <br />county -wide, but also on a regional and ultimately on a national level. <br />The recent relocation of the National Steel headquarters is a prime <br />example of the City not being able to have readily available land within <br />the City limits that would have provided a viable alternative for this <br />company. Other opportunities will be available, and the City must be in a <br />position to respond. <br />With the exception of the south side, the City has few areas within the City <br />limits available and ready for new, contemporary residential develop- <br />ment. This lack of developable land does not offer the opportunity for <br />those wishing to locate, or even to relocate, within the City to construct a <br />house of the same scale and quality as those being built in the County. By <br />increasing the amount of available land, which has the full range of public <br />services available, the City increases the opportunities for positive <br />residential development. <br />b. Additional Property Taxes <br />The City must increase its property tax base. The additional taxes <br />generated will contribute to the financing of the regional facilities built <br />and maintained by City residents. Additional property taxes will also help <br />to enhance and maintain the infrastructure that is required in order to <br />promote efficient urban development. <br />c. Increased Population Base <br />An increased population base provides the potential for one of the most <br />positive effects of annexation. The next decennial census is in the year <br />2000. An aggressive annexation program will help to stabilize, if not <br />increase, the City's population growth. A population gain in the 2000 <br />Census will reverse the population loss shown in the past three Censuses. <br />Population can also be a prime factor in the distribution of federal and <br />state funds. Many of the grants that the City actively pursues, including <br />several on an annual basis, rely on funding formulae based in part on total <br />population. Community Development Block Grant and HOME funds are <br />two of the largest. Similarly, distribution of certain state revenue is based <br />in part on the City's population. Some of these revenue sources include <br />the Cigarette Tax, Alcohol Gallonage Tax, Motor Vehicle Highway <br />Account and the Special Highway User Account. <br />N. <br />