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Housing & Economic Development <br />made this critical tool increasingly difficult to use. At the same time, federal and state <br />development and redevelopment resources have been steadily shrinking. The cumulative impact <br />of TIF restrictions, shrinking federal and state redevelopment resources and highly restrictive <br />eminent domain laws constrain citiesÓ abilities to address problem properties, which leads to an <br />acceleratedlevel ofdeclineofdevelopedcitiesinthemetropolitan area.Thus,theonly source of <br />revenueavailableto accomplishthescopeofredevelopment necessary isthevaluecreatedby the <br />redevelopment itself, or the Ðincrement.Ñ Without the use of the increment, development will <br />eithernotoccuroris unlikelytobeoptimal. <br />Metro CitiesurgestheLegislatureto: <br />Not adopt anystatutory languagethatwouldfurtherconstrain ordirectly or <br />indirectlyreducetheeffectiveness ofTIF; <br />Notadoptanystatutorylanguagethatwouldallowacounty,schooldistrictor <br />specialtaxingdistricttooptoutofaTIF district; <br />Incorporate the Soils Correction District criteria into the Redevelopment District <br />criteriasothataRedevelopment Districtcanbecomprisedofblightedand <br />contaminatedparcelsinadditiontorailroadproperty; <br />ExpandtheflexibilityofTIF tosupport abroaderrangeofredevelopmentprojects; <br />AmendMNStatutestoclarifythattaxincrementpoolinglimitationsarecalculatedon <br />acumulativebasis; <br />Increasetheabilitytopoolincrementsfromotherdistricts tosupportprojects; <br />ContinuetomonitortheimpactsoftaxreformonTIFdistricts andif warranted <br />provide citieswithadditionalauthoritytopayforpossible TIFshortfalls; <br />Allow for the creation of transit zones and transit-related TIF districts in order toshape <br />development and related improvements around transit stations but not require theuse <br />of TIF districts to fund the construction or maintenance of the public transit line itself <br />unlessalocalcommunitychoosestodoso; <br />AllowTIF eligibilityexpansiontoinnovativetechnologicalproducts,recognizing <br />thatnotonlyphysicalitems createeconomicvalue; <br />Support changes to TIF law that will facilitate the development of Ðregional <br />projectsÑ; <br />Shift TIF redevelopment policy away from a focus on ÐblightÑ and ÐsubstandardÑto <br />Ðfunctionally obsoleteÑ or a focus on long range planning for a particular community, <br />reductioningreenhouse gasesor other criteriamore relevanttocurrentneeds; <br />Encourage DEED to do an extensive cost-benefit analysis related to redevelopment, <br />including ananalysisofthevariousfundingmechanisms,andan analysisof wherethe <br />2022 Legislative Policies <br />36 <br /> <br />