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Cite Concern 97: The City of Arden Dills supports legislation that enables a stadium <br /> project to move forward. <br /> Letter of March 21, 2011: Legislation should address the City's concerns listed above and <br /> allow for special local taxing authority to ensure a funding mechanism for the City's financial, <br /> community, and economic development goals. The City also desires a seat on the commission <br /> that owns and manages the stadium property to ensure that on-going City needs are addressed. <br /> The Terms: The Terms state that one of the five members of the Stadium Authority will be <br /> appointed by the City. <br /> Staff Comment: The Terms do not provide a funding mechanism for the City's financial, <br /> community, and economic development goals. As drafted, the City receives no revenue from the <br /> Stadium development other than property taxes from redevelopment on the Private Land, <br /> The County is working on revisions to House Pile 1441, the stadium legislation that was <br /> introduced in April 2011, to align proposed legislation with the Terms. <br /> City of Arden Hills <br /> City Council Meeting June 1, 2011 <br /> Page 5 of 5 <br />