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2003_0811_packet
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2003_0811_packet
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recommend three things: <br />One, I recommend City Council use the TIF increment from Arona to pay <br />the City's development casts 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 far, or <br />to help build, or to help operate a Roseville ommurnit)r Center. <br />Three, I recommend that the Council approve a $200,000 H A tax levy <br />for 2004, not the $490,000 tax levy requested by the H A. <br />A. Use the Arona TIF Increment, `or Arona DevejQpment Costst <br />To begin with, the City is bearing some of the development costs for Ap- <br />ple ood Pointe on the Arena property. City assts include construction of <br />some portion of the public trail system, stormwater pondirng, and the <br />Terrace Drive street extension. <br />The TIF laws were created to help cities pay for such development oasts. <br />We should avoid TIF controversies where we can. So I recommend the <br />Arona TIP increment be used to pay for the City's Arena development <br />casts. <br />B. Other Possible Uses or the TIF Increment, <br />The TIF increment could be used for purposes unrelated to the Arena <br />Apple wood Pointe project - such as to help finance the 'win Lakes Park - <br />ay or to provide other Twin Lakes development incentives. <br />Though I support the Twin Lakes Parkway, I believe any use of the <br />Arena TIF District money for something unrelated to the Applcood <br />
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