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  <br />City of Arden Hills <br />Tax Increment Financing District No. 5: TCAAP 11  <br />(4) Estimated amount of tax increment attributable to county levies. It is estimated that the <br />amount of tax increments over the life of the District that would be attributable to county <br />levies, assuming the county's share of the total local tax rate for all taxing jurisdictions <br />remained the same, is $72,344,850; <br /> <br />(5) Additional information requested by the county or school district. The City is not aware <br />of any standard questions in a county or school district written policy regarding tax <br />increment districts and impact on county or school district services. The county or school <br />district must request additional information pursuant to M.S. Section 469.175 Subd. 2(b) <br />within 15 days after receipt of the tax increment financing plan. <br /> <br />No requests for additional information from the county or school district regarding the <br />proposed development for the District have been received. <br />Supporting Documentation <br /> <br />Pursuant to M.S. Section 469.175, Subd. 1 (a), clause 7 the TIF Plan must contain identification <br />and description of studies and analyses used to make the determination set forth in M.S. Section <br />469.175, Subd. 3, clause (b)(2) and the findings are required in the resolution approving the <br />District. <br /> <br />(i) In making said determination, reliance has been placed upon the City’s awareness of <br />the significant amount of planning over the last decade for TCAAP; prior development <br />proposals that have requested public assistance; and that the project has been <br />approved for development since 2007 without any development commencing to date. <br />These findings are further outlined in the City Council resolution approving the <br />establishment of the TIF District and Appendix C. <br /> <br />(ii) A comparative analysis of estimated market value both with and without establishment <br />of the TIF District and the use of tax increments has been performed. Such analysis is <br />included with the cashflow in Appendix B and indicates that the increase in estimated <br />market value of the proposed development (less the indicated subtractions) exceeds <br />the estimated market value of the site absent the establishment of the TIF District and <br />the use of tax increments. <br />Administration of the District <br /> <br />Administration of the District will be handled by the City Administrator. <br />