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<br /> March 2, 1995
<br />I TO: Mayors, Managers and Clerks
<br />I FROM: Gary Carlson, Director Intergovernmental Relations
<br /> SUBJECT: H.F.147
<br />I The House Property Tax and Tax Increment Financing Division will hear Ill'. 147 on
<br /> Wednesday March 8 at 8;00 a.m. The bill is authored by Reps. Ozment, Rest, Abrams and
<br />I Winter. It would place further restrictions on the use of tax increment in eitie~ throughout thc
<br /> state. Although the bill contains several provision~ that will affect futurc projects, the bill would
<br /> also place restrictions on existing districts and require the decenification of all dislrict~ as SOOn
<br />I as existing commitments arc fulfilled.
<br />II The bill would require a more stringent "but for" test, require school approval for housing
<br /> districts, limit thc pooling of revenues and require decertification of existing districts as soon as
<br /> financial obligations and projects lI1'C completed.
<br />I The League summarized the provisions in I1F. J 47 in the February 3 edition of the Cities
<br /> Blll1ctin. Although Rep. Ozment will offer a "delete-all" replacement for thc bill, the general
<br /> restrictions will not change. A summary of the "delete-all" is included.
<br />I Call YOl1r legislator and let them know how these changes will impact your city. If you have
<br /> specitic projects that will be affected by the provisions, highlight these impacL~.
<br />I . I) The retroactive provisions unfairly affect projects and broader area dcvelopment effons
<br /> currently ill progress_
<br />I 2) The bill will add further restrictions to TIl' (hat will adversely impact Mhmcsota cities,
<br /> especially where competing against other states 1\1f jObs and economic developmenL
<br />I If you have any que~tions about this bill, call Gary Carlson or Joel Jamllik at the League or Vel'll
<br /> Peterson at AMM_
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