My WebLink
|
Help
|
About
|
Sign Out
Home
2003_0811_packet
Roseville
>
City Council
>
City Council Meeting Packets
>
2003
>
2003_0811_packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/21/2011 9:47:16 AM
Creation date
10/21/2011 9:27:07 AM
Metadata
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
209
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
City Manager's Recommendations Regarding City Use of the Proceeds from the Arena <br />Project and the Amount of an HRA Tax Leery <br />Pointe project on the Arona site would open the council to criticism. The <br />underlying purpose of TIF districts is to help pay for costs associated <br />with development within that district. That's one reason TIF districts <br />have boundaries. <br />Though it is apparently legal to spend this TIF increment outside the <br />Arona TIF district under the state laves that existed when the Arona TIF <br />District was created, state TIF laws and TIF policies have changed since <br />then, Current TIF laws heavily restrict the use of TIF proceeds outside <br />the TIF district that generates this money. To spend the Arona TIF pro - <br />ceeds outside the Arona district for purposes unrelated to the Applewood <br />Pointe project would, in my opinion, create public and legislative criti- <br />cism of Roseville's TIF program. <br />We don't need more criticism of the city's use of TIF. Therefore, I rec- <br />ommend using Arona TIF proceeds to cover the City's portion of the <br />Arona development costs' <br />Arona Workforce Mousing. Importantly, if there is sufficient TIF incre- <br />ment remaining after all City development costs are paid, then I recom- <br />mend the remaining Arona TIF increment be used to assist in creating <br />workforce housing at the Arona site. <br />The H A is taking measures to ensure that the Arona project meets and <br />exceeds city expectations. The H RA has approved the purchase and de- <br />velopment of five single family homes in Arona. The H1A's goal is to tar- <br />get first -time home buyers who are core service providers within our <br />community -- to begin with, police officers, firefighters, and school teach - <br />ers. <br />Under this I I1 A program, and with the City's financial ial support, these <br />persons who work in Roseville who deliver critically important services to <br />our community -- but who otherwise would not be able to afford Roseville <br />housing could buy a home at Arona. That will increase the young fam- <br />ily population in our aging City. That will enhance our ability to provide <br />these core community services. That will improve our environment, as <br />persons who work in Roseville could now live in Roseville. Diving where <br />they work also improves resident productivity and efficiency. Moreover, <br />upon sale of these Arona homes the proceeds would cycle back to the <br />H FAA to support even more Roseville workforce housing. And so on and <br />so on, <br />1 <br />r 0� <br />
The URL can be used to link to this page
Your browser does not support the video tag.