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31/.111?-- MAR 16 2012 90 Mid Oaks Lane Roseville,MN 55113 March 15,2012 Roseville City Council Roseville City Hall 2660 Civic Center Drive Roseville,MN 55113 RE:Fiscal Impacts of Adding Retail on County Road C In Roseville Dear Council Members, A recent study,prepared for the Minnesota Department of Revenue,estimates the fiscal impact of alternative land uses for counties,cities and school districts in the seven-county Twin Cities Metropolitan Area.1 This study estimates the revenue generated to a locality from a type of land use and compares It to the direct expenditures the city,county and school district incurs in providing existing services to that land use.The analysis is based on the Jurisdiction's Fiscal Year 2011 budget and current levels of service.The authors indicate the study seeks to answer the question,"What type of development pays for itself?" The study evaluated nine land use alternatives—five residential and four nonresidential—listed below. Residential Land Use • Single Family detached unit:Higher value • Single Family detached unit:Median value • Single family detached unit:Lower value • Multifamily/Condo(Homestead)unit • Apartment unit Nonresidential Land Use • Commercial/Retail • Office • Industrial • institutional(tax exempt) A jurisdiction's analysis indudes the General Fund and any tax supported funds,including operating and capital costs(including debt service).Funds for water and waste water are assumed to be self supporting and are not included.The authors stress that only those revenues and costs directly attributed to the land use are Included.No Indirect,or spin-off Impacts are included except the Fiscal Disparities revenue. Reven raise, of the Area Fiscal DRsporkles Program.Prepared for Minnesota Department of ue February 13,2012.