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2003_0915_packet
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Date: 08/18/03 <br />It: I. E. <br />cruel Busmen <br />Ana Land sale Premeds <br />City Manager's Recommendations Regarding <br />City Use of the Proceeds from the Arona Project <br />and <br />t-he Amount of an HRA Tax Levy <br />recommend three things: <br />One, I recommend City Council use the TIF increment from Arona to pay <br />the City's development costs for the Arona Project. <br />Two, I recommend the council adopt a motion or resolution dedicating <br />the $1.3 million in Arona land sales proceeds to help acquire land for or <br />to help build, or to help operate a Roseville Community Center. <br />Three, I recommend that the Council approve a $200,000 H1 A tax levy <br />for 2004, not the $490,000 tax levy requested by the HRA. <br />A. Use the Arona TIF Increment for Aroma_ DeveIopment Costs. <br />To begin with, the City is bearing some of the development costs for - <br />plewood Pointe on the Arona property. City costs 'include construction of <br />some portion of the public trail system, storinwater ponding,, and the <br />Terrace Drive street extension. <br />The TIF laws were created to help cities pay for such development costs. <br />rp <br />We should avoid TIF controversies where we ca, `o' I recommend the <br />Arona TIF increment be used to pay for the City's Arona development <br />costs, <br />B. Other Possible Uses Lor the TIF Increment. <br />The TIF increment could be used for purposes unrelated to the Arona <br />Applewood Pointe project -- such as to help finance the Twin Fakes Park- <br />way or to provide other Twin Lakes development incentives. <br />Though I support the Twin Fakes Parkway, I believe any use of the <br />Arona TIF District money for something unrelated to the Apple oo d <br />
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