6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083

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(15} Assistance for a colIabaration hetwean a Minnesata higher education institution and a business; (15) Assistance for a tax increment financing soils condition district as defined under M.S., Section 469.174, suba. l�; (17} Redevelopment when the recipient's investment in the purchase af the site and in site preparation is 70 percent or rnare of the assessor's current year's estirnated maricet �alue; (1 S} General changes in tax increment financing law and ofiher general ta�c law changes of a principally technical nature. {19) Federal assistance until the assistance has been repaid to, and reinvested by, the state or local government agency; {20) Funds from dock and wharf bonds issued by a seaway port authority; (21) Business loans and loan. guarantees of $150,000 or less; and (22) Federal loan funds provided through the United States Depaz�tment of Cammerce, Economic Development Administration. The City will comply with M.S., Sections 118J.993 to 116J.995 to tk►e extent the tax increment assistance under this TIF PIan does not fall under any af the above exemptions. Subsection 2-'!3. County Road Costs Pursuant to M.S., Section 469.175, Subd. 1 a, the county board may require the City to pay for al� or part of the cost of county zoad improvements if the proposed development to be assisted by tax increment will, in the judgment of the county, substantially increase the use of county roads requiring constructian of road improvements or other road costs and if the road impro�er�ents are not scheduled within the next five years under a capitai improvement plan or within �ve years under another county plan. If the county elects to use increments to improve caurity roads, it must z�otify the City within forEy-five days of receipt of this TIF Plan. In the opinion oi th.e City and consultants, the proposed development outlined in this TIF Plan wili have lit�le or no impact upon county roads, therefore the TIF Plaz� was not forwarded to the county 45 days prior to #he public hearing. The City is aware that the county could claim that tax increment should be used for county roads, even a�ter the public hearing. Subsection 2-14. Estimated Impact on Other Taxing Jurisdictions The estimated impact on other taxing jurisdictions assutnes that the redevelop�nent contemplated by the TIF Plan would occur withaut the creation of the Disirict. However, the City has determined that such developrnent or redeveiopment would not occur "but for" tax inerement f nancing and that, therafore, the �iscai impaci on other taxing jurisdictions is $0. The estimated fiscal impact o� the District would be as follows if the "but for" test was not znet: IMPACT ON TAX BASE Ramsey County City of Arden Hills Mounds View iSD No. 621 20091Pay 20i0 Total Net Tax Capacitv �52,661,86G 12,137,362 82,109,131 �st�maied Captured Tax Capacety (CTC} Uuon Camnleti�n 305,199 305,199 305,199 Percent of CTC to Entity Total 0.0674% 2.5145°/a 0.3�1"1% City of Arden Hills Tax Increment Financing Plan for TIF District No. 4 2-7