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• <br /> Economic Development.... <br /> Why Do Communities Care? <br /> •Tax base development <br /> •Local employment opportunities <br /> •Create a community where residents <br /> can work, live and play <br /> Property Taxes <br /> Sherburne Co Tax Base(Millions) <br /> Agriculture 6 ❑2004 <br /> Commercial/Industrial8.5 A 1993 <br /> Utility <br /> 14 <br /> Residential 43 <br /> $0 $10 $20 $30 $40 $50 <br /> What is more typical? <br /> •Sherbume County has enjoyed an <br /> unusual tax base due to UTILITIES <br /> •A GOAL for a more typical community is <br /> -30%Commercial/in dustrial <br /> -70%Residential <br /> •Sherbume is now almost 46%Cl+Utilities <br /> •Some communities chose to INVEST a <br /> portion of"unusual"or time-limited tax <br /> base in future c/i tax base development <br /> 1111 <br /> Econmic Development Services-November 2004 3 <br />