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-, :; <br />@~'8 r i~ 4 ~ s m <br />ATTORNEYS AT LA~U <br />James ~2. Casserly, esq. <br />E371Q1 j~CCISSG't'ly'~CLliYCISStt 1D32t'DL'. 00371 <br />tloice Iv~ail (952) 8&S-12y6 <br />NIEIVIORAI~TDUIVI <br />To: City of Roseville <br />Attn: Cathy Bennett, Economic Development Specialist <br />Attn: Dennis Welsch, Community Development Director <br />From: James R. Casserly, Esq. <br />Date: August 15, 2003 <br />Re: Arona TIF and Land Sale Revenues/Levies <br />Our File No. 11638-1 <br /> <br />You have asked several questions regarding the use of funds and levies. <br />1. The HRA levy can be done as a dollar amount or as a percentage. The <br />dollar amount cannot exceed the allowable statutory percentage. <br />Accordingly, the City can authorize a dollar amount or a percentage. <br />2. Land sale proceeds from the Arona TIF District may be used for any <br />municipally authorized public purpose provided that the proceeds are not <br />tax increment. A previous memo has indicated that such proceeds should <br />not be construed as tax increment. <br />3. The City should be able to recover funds it has advanced to the Arona TIF <br />District. However, such advances need to be documented and need to be <br />repaid to the funds from which they originated. In other words, if another <br />TIF district advanced funds to the Arona District, then the repayments <br />would be to such TIF district. If the funds were advanced from a <br />development account, then the repayments should be to that same <br />account or fund. <br />8000 Norman Center Drive, Suite 1000 Minneapolis, MN 55437-1178 <br />TELEPHONE 952/885-5999 ®FACSIMILE 952/885-5969 <br />www.krassmonroe.com <br />