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MINUTES
<br /> --ARE__1\_1 HILLS
<br /> • 2) Tax Increment Funds
<br /> a. Used to create a redevelopment districts for 25 years after the
<br /> first year of increment
<br /> b. Always set at a maximum term
<br /> c. Pay as you g o—Pay as the expenses. are paic 1
<br /> d. Restrict your assistance in the developer agreement
<br /> ...The committee asked if it make sensq-10:,pve•multiple;0istri.cts instead d of
<br /> a one big district. Ms. Kvilvang replied no.begggg0:::'!pr.:...11n g issues; .
<br /> each district needs to stand alone. Otilarge.:,diStriet ti*$.-,moreflexibihty.
<br /> Pooling is restricted to what you can and cannot do.
<br /> .... . B. Business Subsidy Policy :•..i,.::,-,.:::.—
<br /> The committee reviewed the Business Subsidy Policy The committee
<br /> felt this policy should go beyond the developer to existii*::?0*#!?e,businesses. All
<br /> comments will be forwarded to the Ecot1011k,PevelopmenVq0M1Vttee (EDC).
<br /> (See Attachment A)
<br /> 4. REPORTS
<br /> .......... ... . ... ._
<br /> A. Report from the City Council ,,,,,,g,,,1q,::i,::' •,,,:i1,::,.6,i,3,:ii:iiiir
<br /> Major Harpstead updated thqconibittee Oill'ilreviou 'ieb.::iiiicil actions and
<br /> .:....:.,,,....:.:.:
<br /> 1111 activities.
<br /> B. Financial Planfii#A0#0 Analysis C61*1.,: ***Comments and Requests
<br /> The committee woulditikitigyiew case studies of projects from surround mg
<br /> areas. The committee.i*.siti.4).411.010-.r., ike to have guest speakers to share their city's
<br /> sUCCCSSIUI arid unsuccessful projects.
<br /> .,,:.,..415:84g:,,......i!,.,•:i.,•..,•,..i.:..:,.,...,::.
<br /> Ai-',.,. -m:: .: i ::,4,::- '....-...i.:•.,..,::::::,::,::,.:.
<br /> Pla: 6.,::iitit&tliatthero,No...,not a meeting in March, 2008.
<br /> •.,A,:,,ii,iii.:iii.:1:,::ii,:
<br /> NEXT —May 13, 2008 .:,.*..:
<br /> . .....
<br /> 5. ADiOUP.:NMENT
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<br /> Moti°6e4;:11:i',84§1{1)::$1 :ej.,,s,::::::,..:i'::::',1..
<br /> Seconded: Jeff Johnson
<br /> Scott Bronson,Chair Susan K.Iverson,Finance Director
<br /> • City of Arden Hills
<br /> 1245 West Highway 96•Arden Hills Minnesota 55112
<br /> Phone 651.792.7800-Fax 651.634.5137
<br /> www.ci.arden-hillssmus
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