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<br />specuic"I district to another within the Tlwin Lakes Redevelopment Area
<br />use some development projects may have a larger, financial, gap than
<br />others.
<br />3. extend time allowed to begin redevelopment from the 5 -ye ar to 9 years, and
<br />4.1 allow for the local tax, rate to "float,": whereby each y,earl's, tax, increment
<br />calculation would utilize that .year's current local tax rate.,
<br />3-5 This type of legislation would allow, the City to decertif
<br />y the exiastinR n,on-
<br />redeveloped v eils 'in Roseville tax 'increment aistrict #11. Parcels, that were
<br />redeveloped since 1990 where existing obligations still exist would remain, in, T'IF
<br />#11. In addition, the legislation would allow for the establishment of a totally new
<br />urban redevelopment project area with, the ability to create new tax 'increment urban
<br />re:devel,opiment districts as development occurs using the four legislative remedies
<br />listed above.
<br />3.6 The local benefits: from redevelopment such as increased tax dollars, improved quality
<br />of life, improved environmental resources, and quality jobs, and, new housing
<br />Opportunities: will continue to be plan of the shared vision of'the policy makers and
<br />*ty as the process moves forward.
<br />colmm,uni
<br />3.7 Special legislation such as that described above and the benefits derived from,
<br />redevelopment can not, be achieved without City Council and local legislator support.,
<br />B" I I IWL RKU-11W
<br />If� after discussion regarding the challenges of redevelopment in Twin, Lakes, and the
<br />ei
<br />proposed special legislation, the Council is interest, d pursuing this remedy to remain
<br />4 ` h
<br />competitive, staff suggests the following next steps:
<br />4.1 Invite Jim Casserly to make a presentation on the "why and how" technical
<br />0 111
<br />issu necessary es nsary to decertify the remainder of district (#11,) and create another
<br />distnict at the Council's February 10 meeting.
<br />4.2 On February 10 or thereafter, "identify one or two Council members to be the
<br />& A III Is W V
<br />lead, regarding presentation of the speciai, ilegislatIon and Roseville's situation to,
<br />with legislators:. This will include working wi th staff' to 1) identify legislators who will
<br />author and carry the will in the legL'Slature and 2) testifying at the Capitol, ff
<br />4.3 On February 10 or thereafter, approve the use of Minnesota Solutions (Boin uie
<br />0"It 40, a III BOal, and Krass Monroe (Jim ulasserly) to assist in preparing, the special
<br />leg l; and advismg the City regarding the le0slative process for approval.
<br />Attachm,ents.- Twin Lakes Development Opportunity Map
<br />Prepared bly: Deinn,is, Welsich (4,90-,2232) and Cathy Bennett (4901 -2241
<br />\\Vic,toria\CommDev\Pllan,n,in,or Files\32001-31249\32,32 TlwinLakes,Ren,ewedP],an, I llegislation\twin lakes spec
<br />leg rca.doc
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<br />PF'312312 — RCA — S1
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