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January 19,2005 <br /> • <br /> Focus on Chisago County <br /> . Low commercial/industrial tax base <br /> ■ Rapid residential growth escalates differential <br /> between residential and commercial/industrial <br /> tax base <br /> • Rapid residential growth drives up land prices <br /> dramatically <br /> a Cities"react"to residential developer proposals; <br /> private market doesn't preserve land for <br /> industrial <br /> Chisago County - Organization <br /> e HRA with EDA powers <br /> ® Independent board 5-member appointed by <br /> the county board;5 yr terms <br /> • a "Appreciated&valued by county board; <br /> insulated from elections" <br /> a 3 staff <br /> " Exec Dir <br /> " Business&CD Director <br /> Admin assistant/housing rehab <br /> Chisago County - Programs <br /> a Faced with rapidly escalating land prices& <br /> demand for residential;feel it's critical to <br /> acquire,hold&develop sites in good locations <br /> (transportation+city infrastructure) <br /> a HRA levy used to finance business parks in <br /> partnership with cities(land&infrastructure) <br /> a Assisted with business parks in Chisago, <br /> Wyoming,N.Branch,Stacy,&Rush City <br /> a Partner 50:50 with cities. Use HRA levy for debt <br /> service;paid back when land sells <br /> economic Development Services - <br /> Minneapolis 5 <br />