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1998_0420_packet
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1998_0420_packet
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t +m <br /> CITY OF RO <br /> EVILLE TAX INCREMENT POLICY <br /> ADOPTED 9109!96 <br /> Amended and Mesta 2110/97 <br /> PREAMBLE <br /> - in policies are established to primarily <br /> The �� ��rrtlle Tai Increment Financing <br /> enhance private r employment gro th and job reWntiong plus ua vase <br /> public and private <br /> rind include: upgrading of obsolescent p � <br /> a�cpanar�n� A� � cr <br /> . . 'cn provision for natural resource retention <br /> facilities, r emediation of pallutr y <br /> - la and affordable housing renovation and near <br /> ra�e�l�at,�n� expansion �f life ��� . <br /> involve, the community, the reg ion f and other taxing <br /> construction. It see l i n of <br /> and open rocess+ The policy shall meet the requirements <br /> jurisdictions �n a fair a R <br /> ' honest to its citizens, fair t� all affected taxing <br /> Minnesota s��� 4��. It will l h . <br /> districts, • im ac o n publ�c and gcvernr�ental <br /> comprehensive in calculating its <br /> scrutiny nd comment and treat all applicants in a fair manner—yet recognize that <br /> � as equal treatment to all} due to <br /> tment may not nec ally #�e interpreted � <br /> fair # y <br /> the limited resources available. <br /> - 5tooment, It i s the pity's policy to enu rake and <br /> sETI�N 'l* � I � lic . . era � <br /> • ' jobs and in housing to fit our cozens needs; tc ens enhance �nd���i ual chc�ce �n <br /> and enhance economically strcng, stable job producing commercial and industrial projects <br /> within the - which wll employment opportunities; to provide housing affordable t o <br /> ' <br /> - � c crtunitles; to provide for pollution abatement <br /> our dents, to pna�r�e life cycle housing �� <br /> ard soil n�cn� to protect enhance natural resources; and to pretest individual dual and <br /> . <br /> • redeveloping blighted buildings, land, and public <br /> corn rr�u n rty property values by reds � � � <br /> • increment financing investments as an incentive to <br /> infrastructure. The arty will use tax . ns and <br /> • - be reactive in forming govemment collaborations accomplish �1s policy. The will proactive <br /> ere a project wooed not otherwise be <br /> e private investments in areas or sites where � 1 <br /> leveca� � <br /> financially feasible, <br /> implement these general polies� it is also necessary to establish a policy arding <br /> To � al and operating requirements. <br /> planning and hudgeting to fulfill lei <br /> the order � � � f f and the community to <br /> e fiscal guidance for elected officials, staff,Such a policy will provide � Il rodent <br /> . . of the c ens in a methodical and financially � <br /> set ncr� and meet the needs <br /> manner. <br /> t rr-i H in y 1c ent: <br /> EC11�� . � � E!UnXM m lecn �f are <br /> fcllcwin public purpose Issues after ti <br /> The � consider small c� s�der � � <br /> application by the developer: <br /> • criteria and intent for the use of tai increment <br /> A. The ��� shall meet the legislative R <br /> subs application shall be checked for accuracy. <br /> Ares. The figures suppler in the applies <br />
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