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LE=AGUE Or MN CITirS.� TL :612-490-0D72 Mar 02 95 15-56 No .011 P .01 <br /> ••••••-•w••-»••.•.•».w.»»..w....w•wvw.w+..•.vw.ww•.�w.w<awx+r..wwa+.>wswrws•�:ww.wrwu.ww.w..w.w.w..r».v..» ............... \ <br /> 0 • <br /> >n-nr fn.Krww:..x..a�.-w" ixewrwnr..x�•.:..wwpr1.w...,u�.w:.*+•• <br /> .«i..w..wxi:ew`wHy.w.w'..xw:w:r.•�.rr'••` <br /> n:w -wwww...w...rrwww <br /> wwww•..r~v.w.we..r.»ww.rx ew.>..w•w:.�..:w`ww.+.wwww�ww+. +. +.erenrxFr.>..�wtn..i,�'•�.w°.-x•.."+e.ww.'wr:w.wx,r.,•:wxrw...s'..>+xxw»w.•,�4.we..'.:•<..ww'.w..<a.+•.n;,� <br /> axr«.wwx.»o.xsK»a.oR. � <br /> rwfiF:.x�arww+.w � <br /> . .ww:ww.r.ww.r.;....:•�..r>..n <br /> .•...�r........•....r:xx.........w.......>x:.:.n..... <br /> ..xx...•2�..n.....-:•:v� <br /> ..x>� <br /> .... <br /> ,>.•» <br /> .. <br /> r.<.••.......i.„ <br /> ..�. <br /> , <br /> .... <br /> 1 <br /> ♦ e1 <br /> ,, . . <br /> .:-• =- : ; 6 <br /> Mwma. . ..w , , <br /> Icntuc of Minnesota Cities .x..� �rM, �.M.H .�.» .�..x ,...:~ �x 4..-.1.;- ..!..,=----r=='xw xw ..�x .«..-.N�. . �xxr..:...<-.':.u... .,.. <br /> .,.. ... ., <br /> •• <br /> :. <br /> '3490 Lexington Avenue North :a» K�a• . . r.: ».. . .. : o-» > x ,. >:xxF .» x..... .... <br /> St.Paul,MN 55126 <br /> (612)490-5600 «>':,,Y«.,x«>.; .x. : .n»:.nxwx.xxx..»...7x.. . » . x _ — .•ww. ;..' <.:. ; : <br /> • <br /> AGENDA ITEM NO. 8 <br /> March 2, 1995 <br /> • <br /> TO: Mayors, Managers and Clerks • <br /> • <br /> FROM: Gary Carlson,Director Intergovernmental Relations <br /> SUBJECT: H.F. 147 <br /> The House Property Tax and Tax Increment.Financing Division will hear II.F. 147 on <br /> Wednesday March 8 at 8:00 a.m. The bill is authored by Reps. Oztnent,Rest,Abrams and <br /> Winter. it would place further restrictions on the use of tax increment in cities throughout the <br /> state. Although the bill contains several provisions that will affect future projects, the bill would <br /> also place restrictions on existing districts and require the decertification of all districts as soon <br /> as existing commitments arc fulfilled. <br /> 0 The hill would require a more stringent"but for" test, require school approval for housing <br /> districts, limit the pooling of revenues and require decertification of existing districts as soon as <br /> financial obligations and projects are completed. <br /> The League summarized the provisions in II.F. 147 in the February 3 edition of the Cities <br /> Bulletin. Although Rep. Ozment will offer a "delete-all" replacement for the bill,the general <br /> restrictions will not change. A summary of the"delete-all" is included. <br /> Call your legislator and let them know how these changes will impact your city. If you have <br /> specific projects that will be affected by the provisions, highlight these impacts. <br /> 1) The retroactive provisions unfairly affect projects and broader area development efforts <br /> currently in progress. <br /> 2) The bill will add further restrictions to TIF that will adversely impact Minnesota cities, <br /> especially where competing against other states for jobs and economic development. <br /> If you have any questions about this bill,call Gary Carlson or Joel Jamnik at the League or Vern <br /> Peterson at AMM. <br /> • <br />