Laserfiche WebLink
3a House, File, 1335 reduces administrative expenses f rom 10% • <br />4 6i The bills !,*limit 1'Lncrement expenditures to only the reason <br />*1 0, <br />for the blight which precludes "Infrastructure pro3ectse <br />5, House File 13,41 places severe volume limitations on tax <br />incriem,en,t .I <br />641 House Flit e 1341 does not, allow the developer to re pay the <br />0 0 <br />City in future years,, thus discouraging recapture of <br />development funds mkI <br />NOW THEREFORE,, be it resolved that the City Council of the <br />Clity olf Roseville urges that House File 1341 and 1335 be amende� <br />a A a <br />to eliminate those provisions wh, 14ch severely hamper a city min the <br />01 V I <br />effiecrive use of Tax Increment Financing. <br />