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Home My WebLink About02-25-13 EDA Packet-- Brenda Holden Fran Dave McClung www.cityofardenhills.org Ed Werner Arden Hills is a strong community that values its unique environmental setting, strong residential neighborhoods, vital business community, well- infrastructure, fiscal soundness, and our long-standing tradition as a desirable City in which to live, work, and play. CALL TO ORDER APPROVAL OF AGENDA APPROVAL OF MINUTES 2.A.Approval Of Minutes January 28, 2013, Special EDA Documents:ATTACHMENT A.PDF CONSENT CALENDAR NEW BUSINESS UNFINISHED BUSINESS 5.A.Tax Increment Financing And Business Subsidy Policy Memo and three additional attachments. Documents:TIF AND BUSINESS SUBSIDY MEMO.PDF, PRIORITIES FRAMEWORK.PDF, DRAFT BUSINESS SUBSIDY POLICY 2 13.PDF,2012 TAX CAPACITY ANALYSIS.PDF EDA MEMBER COMMENTS Attachment A Approved: CITY OF ARDEN HILLS, MINNESOTA SPECIAL ECONOMIC DEVELOPMENT AUTHORITY MEETING JANUARY 28, 2013 6:00 PM CITY COUNCIL CHAMBERS CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, President Grant called to order the special Economic Development Authority meeting at 6:01 p.m. Present: EDA President David Grant; EDA Commissioners Brenda Holden, Fran Holmes, Dave McClung, and Ed Werner Absent: None Also present : City Administrator Patrick Klaers; Community Development Director Jill Hutmacher; Deputy Clerk Amy Dietl; EDC Member Dan Altstatt; and EDC Chair Ed von Holtum 1. APPROVAL OF AGENDA MOTION: EDA President Grant moved and EDA Commissioner Holden seconded a motion to approve the meeting agenda as presented. The motion carried unanimously (5-0). 2. APPROVAL OF MINUTES A. December 5, 2011 B. November 26, 2012 MOTION: EDA Commissioner Holden moved and EDA Commissioner Werner seconded a motion to approve the December 5, 2011, and November 26, 2012, Economic Development Authority Meeting Minutes as presented. The motion carried unanimously (5-0). ARDEN HILLS EDA MEETING JANUARY 28, 2013 2 3. CONSENT CALENDAR A. Economic Development Authority By-Laws MOTION: EDA Commissioner Holmes moved and EDA Commissioner Holden seconded a motion to approve the Consent Calendar as presented. The motion carried unanimously (5-0). 4. NEW BUSINESS A. Economic Development Commission (EDC) 2013 Work Plan Community Development Director Hutmacher indicated the EDC approved its 2013 Work Plan on December 5, 2012. The EDC Work Plan is primarily focused on the City Council goal and development-EDC goals have been defined in four categories and were then prioritized. The goals with a higher priority would be addressed in the first and second quarters of the year, while the remaining would be addressed in the third and fourth quarters as time permits. Staff recommended the EDA approve the EDC 2013 Work Plan. EDC Chair von Holtum reviewed the EDC Work Plan in detail with the Commission noting new member recruitment is essential. Several other priorities discussed included the revolving loan program, marketing and outreach, and business visits. Community Development Director Hutmacher explained the first open seat on the EDC could be filled by either an Arden Hills resident or business owner. EDC Chair von Holtum commented that website. EDA Commissioner Holden discussed the survey completed by business owners noting there were no major concerns expressed by the business community. EDA President Grant suggested the EDC write an article to feature a local business in the sses. EDC Chair von Holtum indicated this could also be done by business type and have all businesses in the community featured over time. Community Development Director Hutmacher stated a newsletter article was proposed for the recruitment of EDC members. She commented that Delkor Systems would be highlighted in the newsletter and on the website as a new business in the community. EDA Commissioner Holden suggested the EDC feature businesses in the community by sections of the community and focus on these areas within different newsletters. ARDEN HILLS EDA MEETING JANUARY 28, 2013 3 EDA President Grant suggested that an article could be sent to the Community Section of the Shoreview-Arden Hills Bulletin. This publication is free of charge and is pretty well-read. The Commission agreed with this recommendation. EDA President Grant suggested the State of the City event be promoted this spring, as activity at TCAAP would be taking place in 2013. EDC Chair von Holtum stated that the business community was interested in the development of this property and wanted to be a part of this event. EDC Commissioner Holden asked if there were any other grant programs available to assist business owners in improving the exterior of their buildings. She commented that Dunlap was not an attractive street at this time. Community Development Director Hutmacher noted that there were not a lot of economic development funds available at this time and the funds available were tied to job creation. She indicated the City could create a program with its own funding to encourage exterior building improvements. Staff agreed to investigate available funding in further detail. EDA Commissioner Holden requested further information on the business visits. EDC Chair von HoltumCommunity Development Director Hutmacher indicated has completed a great deal of outreach to the business community, which has been fairly effective. Community Development Director Hutmacher commented that she visited each business in the B-2 district in 2012 and discussed the B-2 Plan with those businesses. She stated her goal for this year is to meet with each of the Round Lake Businesses given the proposed project on Highway 96/TH 10. She stated with each visit she collects updated contact information and is working to create a comprehensive business list for the City. Staff plans to focus on the Red Fox/Grey Fox area in 2014. She stated the EDC has made it a priority to meet with businesses that are new to the City. EDA Commissioner Holmes stated she attended the Walgreens open house and submitted pictures to staff of the event. She suggested the photos be featured in a future newsletter article. EDA President Grant questioned if the EDC should maintain a list of vacant properties. EDA Commissioner Holden indicated this may not be necessary as the commercial real estate brokers already compile this information. EDC Member Altstatt supported the creation of this list as it would provide the City with an inventory of available property. ARDEN HILLS EDA MEETING JANUARY 28, 2013 4 Community Development Director Hutmacher repor website did have a link to MNCA, the Minnesota Commercial Association of Realtors, which provides information on the available property in Arden Hills. EDA Commissioner Holmes supported the City promoting its vacant properties and being more proactive to draw new businesses into the community. Community Development Director Hutmacher stated some promotion may involve a conversation regarding TIF to attract businesses to Arden Hills versus neighboring communities. She commented that TIF can only be used for public improvements within new developments. EDA Commissioner Holmes asked if TIF could be used to redevelop the Carrol Community Development Director Hutmacher noted there were opportunities for TIF with this redevelopment. EDA Commissioner Holmes requested the Commission discuss the use of TIF at a future meeting. MOTION: EDA President Grant moved and EDA Commissioner Holden seconded a motion to approve the Economic Development Commission 2013 Work Plan as presented. The motion carried unanimously (5-0). B. Economic Development Authority (EDA) 2013 Work Plan City Administrator Klaers reviewed the proposed EDA 2013 Work Plan with the Authority. He noted the quarterly meetings for the EDA in 2013 would be April 29, July 29, and October 28. It was noted two special meetings may need to be called to complete specific tasks. The proposed work program and timeline was then discussed. He indicated the EDA would work to finalize the TIF policy, review the City revolving loan program, consider using TIF 2 District Funds for a Round Lake Road West street and sanitary sewer improvement project in 2014, review the 2014 EDA budget, and lastly discuss the use of the TIF 3 District fund balance. EDA Commissioner Holden asked if MSA funds were available for the Round Lake Road street improvements. City Administrator Klaers commented MSA funds would be available for this project. MOTION: EDA President Grant moved and EDA Commissioner Holmes seconded a motion to approve the Economic Development Authority 2013 Work Plan as presented. EDA Commissioner Holden requested that the Carroll Plan. ARDEN HILLS EDA MEETING JANUARY 28, 2013 5 City Administrator Klaers indicated this could be discussed at an EDA work session along with the TIF policy. AMENDMENT:EDA President Grant moved and EDA Commissioner Holmes seconded a motion to amend the Economic Development Authority 2013 Work Plan to include discussion regarding the Carrol property and the TIF policy. The motion and amendment carried unanimously (5-0). 5. UNFINISHED BUSINESS None. 6. EDA COMMISSIONER COMMENTS None. 7. STAFF COMMENTS None. 8. ADJOURN MOTION: EDA President Grant moved and EDA Commissioner Holmes seconded a motion to adjourn the Economic Development Authority meeting. The motion carried unanimously (5-0). EDA President Grant adjourned the special Economic Development Authority meeting at 6:56 p.m. __________________________ __________________________ Patrick Klaers David Grant Secretary EDA President MEMORANDUM DATE: February 25, 2013 TO: Economic Development Authority President and Commissioners FROM: Jill Hutmacher, Community Development Director SUBJECT: Tax Increment Financing and Business Subsidy Policy Background At the August 21, 2012, City Council work session meeting, Stacie Kvilvang, Ehlers & Associates, led a Council discussion of priorities for public financing assistance. The attached Public Financing Priority Framework (Attachment A) is a summary of the Council discussion. The business subsidy policy (Attachment B) has been revised to reflect City Council priorities. Section 6.2 Desired Qualifications specifically refers to Council priorities discussed in August. Captured Tax Capacity The City Council has discussed setting amaximum percentage of total tax capacity that could be captured within a tax increment financing district. The City currently has approximately 3% of its tax capacity captured within TIF districts. Once the Presbyterian Homes project is complete, approximately 4.5% of the City’s tax capacity will be captured. An analysis of the percentage of captured tax capacity to total tax capacity for metropolitan cities is included in Attachment C. Significant differences exist among metropolitan cities. Large, developing third-and fourth-ring cities may have significant commercial development but little need for redevelopment at this time. Cities with little commercial development have fewer demands for public investment in commercial areas. Staff suggests that comparable cities for Arden Hills may be those with populations between 8,000 and 50,000 and whose commercial/industrial tax capacity is at least 35% of total tax capacity. These cities generally are fully developed first-and second-ring suburbs with significant commercial development. Of the comparable cities, the average and median percentage of captured tax capacity to total tax capacity is 8.66% and 8.51%, respectively. City of Arden Hills Economic Development AuthorityFebruary 25, 2013 12 Page of Scoring of Public Financing Proposals At Monday’s meeting, a draft report card, based on the August 2012 Council priorities, which could be used to grade and rank public financing proposals will be distributed along with examples of potential redevelopment projects and how they could theoretically score. Discussion Questions 1.Does the Public Financing Priority Framework accurately reflect Council discussion and priorities? 2.Does the draft business subsidy policy adequately reflect Council priorities? 3.Does the Council have policy direction regarding a maximum percentage of tax capacity that should be captured within TIF districts? 4.Does the Council have feedback on the public financing proposal report card (to be distributed on Monday, February 25, 2013)? Attachments A.Public Financing Priority Framework B.Draft Business Subsidy Criteria and City Public Financing Guidelines C.Analysis of TIF and Total Tax Capacity City of Arden Hills Economic Development Authority February 25, 2013 22 Page of Preliminary Thoughts on how Criteria should be defined - Type of DevelopmentPotential Ranking Criteria High/Low Point Value What development goal is desired? NUMBER of Jobs Created - NOTE JOB CREATION GOAL IS REQUIRED PER 1. Limit amount of subsidy per job created (i.e. $10,000/joNo 2. Provide higher points/scoring based upon lower level of No 3. Credit for part time jobs or only credit for FTE FTE only and 1 requred per existing policyLow 4. Is job retention more important than new jobsNo 5. Is diversity of types of jobs importantNo Hourly Rate/Wages - NOTE WAGE FLOOR IS REQUIRED PER STATUTE 1. Amount above minimum wage (i.e. 2 times State minimum wa Leave per current policy at 150% of State Minimum WageLow 2. Wage specific (rather than using minimum wage as a benchNo 3. Should benefits be included in the wage amount (i.e. wagNo Building Valuation 1. Should there be a minimum per sq/ft value for the buildi Yes - Do Range for Different Uses 2. Should the value before and after development be weighte YesHigh Meets targeted sector 1. Corporate campusNot overly important Med 2. Office Med Tech Office is preferred Commercial 3. Multi-tenant buildingsNo Med 4. High tech or major manufacuturer Would like clean manufacturing 5. Research and developmentNo 6. WarehousedDistributionNo 7. Medical facilityIndifferent High 8. Sit down restaurant Yes 9. Small specialty retail (i.e. Trader Joes, specialty retai YesHigh 10. Small businesses (Non Start up, but under 100 employees Would like to provide incentives for small businesses Med Ratio of Public Vs. Private Invesment 1. Measure public vs private investment and higher points f Want minimum threshold. Staff/Ehlers to return with options forHigh Additional Criteria or Bonus Points 1. Clean up of blighted area Yes, but not TCAAPMed High 2. Special purpose project of the City (i.e. high priority Yes 3. LEED construction/certificationNo Low 4. Retains major employer (top 10)Yes 5. Does not require any City fee waiversNo Yes - Added per direction from Council 6. Significant rehabilitation or expansion of an existing pr Number and Type of units 1. Provide higher scoring for higher density vs. lower densNo 2. Provide higher points/scoring for providing affordable hNo 3. Should City set parameters on mix of affordable units (iMay be discussed in the future Building Valuation 1. Should there be a minimum per unit value for the buildinno High 2. Should the value before and after development be weighte Yes Meets targeted sector 1. Work force/AffordableNo Housing 2. Senior independent rentalNo 3. Senior housing with servicesNo Ratio of Public Vs. Private Investment High 1. Ratio of Public vs. Private Investment Want minimum threshold. Staff/Ehlers to return with options for Additional Criteria or Bonus Points 1. Clean up of blighted area Yes 2. Special purpose project of the City (i.e. high priority Yes 3. LEED construction/certificationNo 4. Provides housing option not currently availableNo Yes 5. Significant rehabilitation of an existing apartment comp City of Arden Hills Business Subsidy Criteria and City Public Financing Guidelines DRAFT AS OF FEBRUARY 25, 2013 1. PURPOSE AND AUTHORITY A.The purpose of this document is to establish the criteria for the City of Arden Hills for granting of business subsidies and for City public financing for private development within the City. These criteria shall be used as a guide in processing and reviewing applications requesting business subsidiesand/or City public financing. B.The City's ability to grant business subsidies is governed by the limitations established in Minnesota Statutes 116J.993 through 116J.995(Statutes).The City may choose to apply its Business Subsidy Criteria to other development activities not covered under this statute.City public financing may or may not be considered a business subsidy as defined by the Statutes. C.Unless specifically excluded bythe Statutes, business subsidies include grants by state or local government agencies, contributions of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient of the subsidy, any reduction or deferral of any tax or any fee, tax increment financing(TIF), abatement of property taxes, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business. D.These criteria are to be used in conjunction with other relevant policies of the City. E.The City may deviate from these criteria by documenting in writing the reason(s) for the deviation. The documentation shall be submitted to the Department of Employment and Economic Development with the next annual report. F.The Citymay amend this document at any time. Amendments to these criteria are subject to public hearing requirements contained in the Statutes. 2.BUSINESS SUBSIDY PUBLIC PURPOSE REQUIREMENT A.All business subsidies must meet a public purpose with measurable benefit to the City as a whole. Public purpose may include, but not be limited to, creating needed services or facilities not currently available, providinga variety of housing ownership alternatives and housing choices, redevelopingand removingblight and encouragingredevelopment in the commercial and industrial areas of the City in order to encourage high levels of property maintenance and private City of Arden Hills Public Financing Policy Page 1of 7 February 25, 2012 reinvestment in those areas, retaininglocal jobs, increasingthe job base, and providingdiversity in that job base, enhancingexisting jobs through increased wages, encouragingadditional unsubsidized private development in the area, either directly, or through secondary “spinoff” development, offsettingincreased costs of redevelopment over and above those costs that a developer would incur in normal urban and suburban development, and meetingother uses of public policy, as adopted by the Council from time to time including the promotion of quality urban design, quality architectural design, energy conservation, decreasing the capital and operating costs of local government, etc. B.Job retention may only be used as a public purpose in cases where job loss is specific and demonstrable. The City shall document the information used to determine the nature of the job loss. C.The creation of tax base shall not be the sole public purpose of a subsidy. D.Unless the creation of jobs is removed from a particular project pursuant to the requirements of the Statutes, the creation of jobs is a public purpose for granting a subsidy. Creation of at least oneFull Time Equivalent (FTE)job is a minimum requirementfor consideration of assistance. E.The wage floor for wages to be paid for the jobs created shall be not less than 150% of the State minimum wage in effect at the time the subsidy is granted. The City will seek to create jobs with higher wages as appropriate for the overall public purpose of the subsidy. Wage goals may also be set to enhance existing jobs through increased wages, which increase must result in wages higher than the minimum under this Section. 3.SUBSIDY AGREEMENT A.In granting a business subsidy, the Cityshall enter into a subsidy agreement with the recipient that provides the following information: wage and job goals (if applicable), commitments to provide necessary reporting data, and recourse for failure to meet goals required by the Statutes. B.The subsidy agreement may be incorporated into a broader development agreement for a project. C.The subsidy agreement will commit the recipient to providing the reporting information required by the Statutes. 4.CITY’SOBJECTIVEFOR THE USE OF PUBLIC FINANCING A.Asa matter of adopted policy, the City mayconsider using public financing which may include tax increment financing(TIF), tax abatement, bonds, waiver of City fees (excluding building permit fees),and other forms of public financing as appropriate,to assist private development projectswhen such assistance complies with all applicable statutory requirements to: City of Arden Hills Public Financing Policy Page 2of 7 February 25, 2012 1.Remove blight and/or encourage redevelopment in designated redevelopment/development area(s)per the goals and visionsestablished by the City Council 2.To achieve thefollowing housing-related goals: a.To provide a balanced and sustainable housing stock to meet diverse needs both today and in the future b.To ensure all housing is safe and well-maintained c.To promote neighborhood stabilization and revitalization by the removal ofblightand the upgrading of existing housing stock. 3.To retain local jobs and/or increase the number and diversity of quality jobs 4.To encourage additional unsubsidized private development inthe area, either directly or through secondary “spin-off” development. 5.To offset increased costs forredevelopment over and above thecosts that a developer would incur in normal urban and suburban development (determined as part of the But-For analysis). 6.To facilitate the development process and to achieve development on sites whichcouldnot be developed without this assistance. 7.To meet other uses of public policy, as adopted by the CityCouncil from time to time, includingbut not limited topromotion of quality urban design, quality architectural design,energyconservation, sustainable building practices,and decreasing the capital and operating costs of local government. 5.PUBLIC FINANCING PRINCIPLES A. The guidelines and principles set forth in this document pertain to all applications for City public financing regardless of whether they are considered a business subsidy as defined by the Statutes. The following general assumptions of redevelopment shall serve as a guide for City public financing: 1.All requests for City public financingassistance shall be reviewed by a third party financial advisorwho will inform the City of its findings and recommendations. 2.The City shall establish mechanisms within the development agreement to ensure that adequate checks and balances are incorporatedin the distribution of financial assistancewhere feasible and appropriate, including but not limited to: a.Third party review of the “but for” analysis b.Establishment of “look back provisions” City of Arden Hills Public Financing Policy Page 3of 7 February 25, 2012 c.Establishment of minimum assessment agreements 3.TIF and abatement will be provided on a pay-as-you-go-basis. Any request for upfront assistance will be evaluated on its own merits and may require security to cover any risks assumed by the City. 4.The City will elect the fiscal disparities to come from inside applicable TIF district(s)to eliminate any impact to the existing tax payers of the community. 5.The City will target up to the maximum allowed by State Statute of tax increment for administrative purposesonly. 6.The developer shall proactively attempt to minimize the amount of public assistance needed through the pursuit of grants, innovative solutions in structuring the deal, and other funding mechanisms. 7.Proposals should not be used to supportspeculative industrial, commercial, office or housing projects. In general the developer should be able to provide market data, tenant letters of commitment or financestatements which support the market potential/demand for the proposed project. 8.Publicfinancing will not be used in a project that involves an excessive land and/or property price. This will normally be where the acquisition price is more than 20% in excess of market value as determined by an independent appraisal of the property (exclusive of relocation benefits). The City shall commission an appraisal and the cost will be paid from Developer’s escrow. 9.Public financing will not be used in projects that would give a significant competitive financial advantage over similar projects in the area due to the use of public subsidies. Developers should provide information to support that assistance will not create such a competitive advantage. Priority consideration will be given to projects that fill an unmet market need. 10.TIF and Abatement will not be utilized for the construction of new rental housing units. The City will consider waivers of various City fees for new rental housing developments (building permit fees excluded). 11.Public financing will not be used for projects that would generate significant environmental problems in the opinion of the local, state, or federal governments. Priority will be given to projects that aim to clean-up existing contaminated sites and would facilitate the location of an industry or business that hasan environmentally-sound track record, or that meets a housing need in the City. City of Arden Hills Public Financing Policy Page 4of 7 February 25, 2012 6.PROJECTS WHICH MAY QUALIFY FOR PUBLIC FINANCING ASSISTANCE A.All new applicationsfor assistanceconsidered by the City must meet each of the following minimum qualifications and will also be evaluated based on their not ability to meet the desired qualifications for assistance.However, it should be presumed that aproject meeting any of the qualifications will automatically be approvedfor assistance. Meetingthe qualifications does not imply or create contractual rights on the part of any potential developer to have its project approvedfor assistance. 6.1Minimum Qualifications: A.In addition to meeting the applicable requirements of State law, the project should meet one or more of the Publicfinancing objectives outlinedin Section 4; butat a minimum shalleither: 1.Remove blight and/or encourage redevelopment in the City in order to encourage high quality development or redevelopment and private reinvestment in those areas; OR 2.Facilitate the development process and to achieve development on sites which would not be developed without this assistance. B.The developer must demonstrate to the satisfaction of the Citythat the project is not financially feasible “but for” the use of tax incrementor other public financing. C.The project must be consistent with the City’s Comprehensive Plan and Zoning Ordinances, Design Guidelines or any other applicable land use document. D.Prior to approval of a financing plan, the developer shall provide any requested market and financial feasibility studies, appraisals, soil boring, private lender commitment, and/or other information the City or its financial consultants may require in order to proceed with an independent evaluationof the proposal. E.The developermust provide adequate financial guarantees to ensure the repayment of any public financing and completion of the project. These may include, but are not limited to, assessment agreements, letters of credit, personal deficiency guarantees, guaranteed maximum cost contract, etc. F.Any developer requesting assistance should be able to demonstrate past successful general development capability as well as specific capability in the type and size of development proposed. Public financing will not be used when the developer’s credentials, in the sole judgment of the City, are inadequate due to past history relating to completion of projects, general reputation, and/or bankruptcy, or other problems or issues considered relevant to the City. G.The developer, or its contractual assigns,should retain ownership ofany portion of theproject long enough to completeit, to stabilize its occupancy, to establish projectmanagementand/or needed mechanisms to ensure successful operation. City of Arden Hills Public Financing Policy Page 5of 7 February 25, 2012 6.2Desired Qualifications: A.Projects providing higher than a3 to 1 ratio of privateinvestment to City public investmentwill receive priority consideration.Private investment includes developer cash, government and bank loans, conduit bonds, tax credit equity, and land if already owned by the developer. B.Projects meeting the following minimum building valuationwill receive priority consideration: Minimum Value Use Per Sq/Ft or Unit Industrial$60 Commercial/Retail$150 Office$100 Rental Housing$100,000 C.Proposals that significantly increase the amount of property taxes paid after redevelopment will receive priority consideration. D.Proposals that encourage the following will receive priority consideration: 1.Provides opportunities for small businesses 2.Retains atop 10 employer within the City 3.Provides significant rehabilitation of an existing apartment complexor significant rehabilitation and/or expansion of existingoffice, commercial or industrial facility 4.Provides opportunities for development of sit down restaurants 5.Provides opportunities for high end and/or specialty retail that is not currently available to City residents E.Preference will be given to projects that meet good public policy criteria as determined by the City Council, including: 1.High project quality (e.g. sound architectural design, quality construction and materials, sustainable building practices) 2.Projects that provide significant improvement to surrounding land uses, the neighborhood, and/or the City 3.Projects that provide significant new, or retained employment 4.Projects that meet financial feasibility criteria established by the City 5.Projects that provide the highest and best desired use for the property City of Arden Hills Public Financing Policy Page 6of 7 February 25, 2012 7.PUBLIC FINANCING PROJECT EVALUATION PROCESS A.The following fivemethods of analysis for all public financingproposals will be used: 1.Consideration of project meeting minimum qualifications 2.Consideration of project meeting desired qualifications 3.Project meets “but-for” analysis and/orstatutory qualifications 4.Project is deemed consistent with City’s Goals and Objectives 5.Score of a “B” or higher on the TIF report card Please note that the evaluation methodology isintended to provide a balanced review. Each area will be evaluated individually and collectively and in no case shouldone area outweigh another in terms of importance to determining the level of assistance. Adopted by Arden Hills City Council_____, 2013 City of Arden Hills Public Financing Policy Page 7of 7 February 25, 2012 Minneapolis-St. Paul Metropolitan 5-County Area Urban Cities wit Total 'State Tax' 'State Tax' Capacity as Percentage TIF 2011 Total Tax Captured TIF Tax Capacity Percentage of Total Tax of Total Tax CityCountyPopulationCapacityCapacity(cabin & C/I)CapacityCapacity AftonWashington 2,887 5,303,2545,471645,88912%0.10% AndoverAnoka 30,847 23,449,5811,871,5122,810,50912%7.98% AnokaAnoka 17,331 13,398,7842,436,2825,244,71239%18.18% Apple ValleyDakota 49,80146,491,4742,624,17210,984,40524%5.64% Arden HillsRamsey 9,381 14,039,499436,8936,997,61150%3.11% BlaineAnoka/Ramsey 58,33157,953,2521,806,32020,839,44436%3.12% BloomingtonHennepin 83,671131,911,5438,816,92567,991,18452%6.68% Brooklyn CenterHennepin 30,20418,668,1181,922,2537,443,86240%10.30% Brooklyn ParkHennepin 76,23858,797,1781,950,16621,388,24736%3.32% BurnsvilleDakota 60,66466,411,7083,025,70827,620,68142%4.56% CentervilleAnoka 3,804 3,117,1020492,70016%0.00% Circle PinesAnoka 4,922 3,303,142504,585326,75510%15.28% Columbia HeightsAnoka 19,61911,228,806521,3062,139,76619%4.64% Coon RapidsAnoka 61,76648,217,8051,211,83317,097,38635%2.51% Cottage GroveWashington 34,82827,439,784890,4185,675,73721%3.24% CrystalHennepin 22,16814,768,222311,8693,280,60022%2.11% DeephavenHennepin 3,643 10,838,3300478,1944%0.00% EaganDakota 64,45683,047,4341,060,17833,207,03740%1.28% Eden PrairieHennepin 61,151106,411,8362,860,79138,015,34136%2.69% EdinaHennepin 48,262109,012,5663,917,95828,224,90826%3.59% ExcelsiorHennepin 2,203 4,111,33289,8631,337,35733%2.19% Falcon HeightsRamsey 5,385 4,076,999337,631536,38613%8.28% FarmingtonDakota 21,36914,764,729137,1472,666,85818%0.93% Forest LakeWashington 18,59120,058,2701,121,5805,215,06126%5.59% FridleyAnoka 27,51529,269,7291,409,56215,531,79553%4.82% Golden ValleyHennepin 20,42736,799,2603,242,61716,404,03745%8.81% Ham LakeAnoka 15,37415,045,31502,781,14018%0.00% HastingsDakota 22,21716,218,81820,7654,124,39325%0.13% HopkinsHennepin 17,70119,703,4821,657,4848,767,64744%8.41% HugoAnoka 13,53613,320,92581,7292,434,60818%0.61% Inver Grove HeightsDakota 33,77434,262,2701,969,1099,007,38126%5.75% Lake ElmoWashington 8,063 11,754,78002,434,23121%0.00% LakevilleDakota 56,53457,583,990862,24313,952,66724%1.50% LauderdaleRamsey 2,398 1,944,745161,595614,35232%8.31% Lino LakesAnoka 20,50517,999,453279,2193,256,96618%1.55% Little CanadaRamsey 9,839 11,006,8371,015,0674,779,58843%9.22% MahtomediWashington 7,645 9,704,053143,7571,117,95812%1.48% Maple GroveHennepin 62,43686,497,634974,40429,902,30535%1.13% MaplewoodRamsey 38,37441,453,118453,77519,010,95446%1.09% MedinaHennepin 4,916 15,095,343416,6262,680,39818%2.76% Mendota HeightsDakota 11,09820,198,35306,835,30334%0.00% MinneapolisHennepin 387,873406,976,84936,037,843149,416,08037%8.86% MinnetonkaHennepin 50,04694,445,8261,657,13835,040,38437%1.75% MoundHennepin 9,084 10,972,410370,849825,0378%3.38% Mounds ViewRamsey 12,13611,165,3532,772,7475,049,94745%24.83% New BrightonRamsey 21,49620,928,3453,602,2956,658,14132%17.21% New HopeHennepin 20,48616,851,982944,5606,446,06638%5.61% NewportWashington 3,449 3,644,57001,657,09945%0.00% North OaksRamsey 4,539 12,449,2490766,1966%0.00% North St. PaulRamsey 11,4857,874,374271,8711,832,37823%3.45% OakdaleWashington 27,53825,534,811478,5249,371,75737%1.87% OronoHennepin 7,438 29,202,07054,8131,604,7645%0.19% PlymouthHennepin 71,263105,039,603942,31335,279,25334%0.90% RichfieldHennepin 35,37630,257,6203,911,51210,130,66833%12.93% RobbinsdaleHennepin 14,0148,966,302290,9291,531,51417%3.24% RosemountDakota 22,13922,280,090583,8906,203,05228%2.62% RosevilleRamsey 33,80751,055,8712,095,40126,060,10051%4.10% St. Anthony VillageHennepin 8,333 8,573,2451,112,9852,408,42128%12.98% St. Louis ParkHennepin 45,50563,092,8025,426,99523,356,51937%8.60% St. PaulRamsey 286,367226,059,84422,376,70179,173,72335%9.90% St. Paul ParkWashington 5,304 3,284,660297,420786,02224%9.05% ScandiaAnoka 3,967 5,544,6040618,56311%0.00% ShoreviewRamsey 25,11829,767,4301,549,0787,538,79625%5.20% South St. PaulDakota 20,27513,956,4261,480,1084,200,91730%10.61% Spring Lake ParkAnoka/Ramsey 6,432 5,202,819118,0151,879,08536%2.27% StillwaterWashington 18,29920,927,7181,978,0405,598,19027%9.45% Vadnais HeightsRamsey 12,39316,239,9551,989,2776,807,47242%12.25% WayzataHennepin 3,720 18,984,9391,509,5956,018,29532%7.95% West St. PaulDakota 19,60516,447,8261,342,4065,407,36733%8.16% White Bear LakeRamsey/Washington 23,82024,106,237702,7667,367,24731%2.92% WoodburyWashington 63,14373,651,956179,23619,406,31826%0.24% Average35,10739,353,1332,063,42413,441,68629%4.93% Minimum 2,2031,944,7450326,7554%0.00% Maximum 387,873406,976,84936,037,843149,416,08053%24.83% Median 20,45719,344,211916,3666,110,67431%3.28% Minneapolis-St. Paul Metropolitan 5-County Area Urban Cities wit 8,000 and 50,000 and C/I Tax Capacity at least 35% of Total Tax Total 'State Tax' 'State Tax' Capacity as Percentage TIF 2011 Total Tax Captured TIF Tax Capacity Percentage of Total of Total Tax CityCountyPopulationCapacityCapacity(cabin & C/I)Tax CapacityCapacity AnokaAnoka 17,331 13,398,7842,436,2825,244,71239%18.18% Arden HillsRamsey 9,381 14,039,499436,8936,997,61150%3.11% Brooklyn CenterHennepin 30,204 18,668,1181,922,2537,443,86240%10.30% FridleyAnoka 27,515 29,269,7291,409,56215,531,79553%4.82% Golden ValleyHennepin 20,427 36,799,2603,242,61716,404,03745%8.81% HopkinsHennepin 17,701 19,703,4821,657,4848,767,64744%8.41% Little CanadaRamsey 9,839 11,006,8371,015,0674,779,58843%9.22% MaplewoodRamsey 38,374 41,453,118453,77519,010,95446%1.09% Mounds ViewRamsey 12,136 11,165,3532,772,7475,049,94745%24.83% New HopeHennepin 20,486 16,851,982944,5606,446,06638%5.61% OakdaleWashington 27,538 25,534,811478,5249,371,75737%1.87% RosevilleRamsey 33,807 51,055,8712,095,40126,060,10051%4.10% St. Louis ParkHennepin 45,505 63,092,8025,426,99523,356,51937%8.60% Vadnais HeightsRamsey 12,393 16,239,9551,989,2776,807,47242%12.25% Average 23,04626,305,6861,877,24611,519,43344%8.66% Minimum 9,38111,006,837436,8934,779,58837%1.09% Maximum 45,50563,092,8025,426,99526,060,10053%24.83% Median 20,45719,185,8001,789,8698,105,75544%8.51%