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39 <br />Final Report ♦ Rogers Road Small Area Plan Task Force <br />Consensus Recommendations <br />Community Preservation and Redevelopment <br />• We recommend that the Small Area Plan incorporate <br />mechanisms which will educate the community on <br />development in order to empower it to develop its <br />assets. <br />• Town and county should explore options similar to a <br />homestead property valuation system which keeps <br />taxes low on a property that is not being redeveloped <br />even if neighboring properties are increasing in value <br />because of redevelopment. <br />• Such plan may incorporate a requirement for payment <br />of a set number of years of back taxes is the property is <br />redeveloped to capitalize on the value created by <br />adjacent development. <br />• The Town of Chapel Hill should initiate a discussion <br />about annexation as part of the future dialogue on <br />providing services to the Rogers Road community. <br />Rogers Road Small Area Plan Recommendations <br />