Loading...
HomeMy WebLinkAbout1A, TIF LegislationEN HILLS MEMORANDUM DATE: September 14, 2009 Item LA TO: Mayor & City Council FROM: James Lehnhoff, Community Development Director SUBJECT: Twin Cities Army Ammunition Plant (TCAAP) Property Special Tax Increment Financing (TIF) Legislation At the conclusion of the 2009 Minnesota Legislative session, the Legislature passed and the Governor approved the City's request for special Tax Increment Financing (TIF) legislation for the Twin Cities Army Ammunition Plant (TCAAP) property. The approved legislation provides the following flexibility from the standard TIF limitations: • It is deemed to be a redevelopment district without meeting the blight test. • The five-year rule is extended to 10 years. • The duration limit of the district is increased from 25 years to 30 years. • The city may elect to delay receipt of the first increment which starts the duration running) by up to six years. • The authority to create a district under the special law expires on Dec. 31, 2019. If the City wishes to retain this special legislation for future use, certain steps would need to be taken or the ability to use the special TIF legislation will expire. The City Council, followed by the School Board and County Board, would need to approve a resolution approving the special TIF legislation. Once all three jurisdictions have approved the resolutions, the City would need to file a certificate with the Secretary of State. This process would need to be completed before the start of the next regular session. Since the legislature technically meets in two year sessions, the next regular session does not start until January 2011. However, Mr. Bubul has suggested that if the City wants to accept the potential use of the TIF legislation, the process should be completed before the end of 2009 to avoid any confusion over the expiration date and to avoid the possibility of the legislation being repealed during the 2010 session. Approving the special TIF legislation is not an approval or implementation of the actual TIF district. By approving the special TIF legislation, the City is simply retaining the ability to use the special TIF legislation in the future if the City determines that it would be appropriate for a particular project. There is no obligation to ever use the special TIF legislation. City of Arden Hills City Council Work Session for September 14, 2009 I lMetro-inetl ardenhills Admin l Council L4gendas & Packet Information 12009W9-14-09 TCAAP Worksession PPacket Information lIA 091409 - CC Memo - TCAAP TIF Review. doc Page 1 of 2 While this special legislation had been crafted around the mixed use development concept proposed by RRLD, it could still be a powerful tool for a revised regional park/development scenario. Obtaining special TIF legislation requires a significant amount of time and effort, and regaining it in the future could be difficult. While the cost and time invested into this process was born by RRLD, the City remains the benefactor of that effort. This special legislation could still be helpful in achieving community goals, including advancing the cleanup process and adding other community amenities. Any new land use scenario would require a critical review before TIF is considered an option. The City has been clear in saying that no developer should automatically expect TIF of any kind. City of Arden Hills City Council Work Session for September 14, 2009 IlMetro-inetlardenhillslAdminlCouncilUgendas & Packet Information12009W-14-09 TCAAP WorksessionlPacketInformation l]A 091409 -CC Memo - TCAAP TIF Review. doc Page 2 of 2