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<br />LAW OFFICES <br /> <br />BRIGGS <br /> <br />AND <br /> <br />~10RGAN <br /> <br />PROFESSIONAL ASSOCIATION <br /> <br />2200 FIRST NATIONAL BANK BUILDING <br /> <br />SAINT PAUL, MINNESOTA 55101 <br /> <br />TELEPHONE 1(12) 291-1215 <br /> <br />TELECOPIER (612) 222 -4071 <br /> <br />INCLUDING THE FORMER FIRM OF <br /> <br />LEVITT, PALMER, BOWEN, ROTMAN & SHARE <br /> <br />July 18, 1990 <br /> <br />Mr. Craig Waldron <br />Economic Development Director <br />City Hall <br />2660 civic Center Drive <br />Roseville, Minnesota 55113 <br /> <br />Re: Tax Increment Financing Inquiries <br /> <br />Dear Craig: <br /> <br />You have asked the question whether tax increments derived <br />from the Housing Alliance elderly housing project (Villa Park) <br />can be used to finance a pedestrian walkway around the Villa Park <br />Housing project. A pedestrian walkway that would be used by <br />residents of Villa Park and other City residents would be a <br />capital cost financeable under the tax increment financing law. <br />If the modified budget for Tax Increment District No. 3 provides <br />for public improvements in an amount sufficient to finance those <br />public improvements previously constructed and this pedestrian <br />walkway, it will not be necessary to amend the Tax Increment <br />Financing Plan. If the budget is not large enough or does not <br />identify public improvements as a financeable public cost, then <br />it will be necessary to amend the Tax Increment Financing Plan. <br /> <br />You have asked the question whether the City can loan or <br />grant tax increments to owners of substandard homes within <br />Development District No. 1 for rehabilitation and upgrading of <br />homes to remove blighting conditions. The City established <br />Development District No. 1 pursuant to provisions of Minnesota <br />statutes, sections 469.124 through 469.134. The provisions of <br />those statutory sections do not contemplate such a program. <br />However, we think there is a way to structure this so that tax <br />increments can be loaned or granted for such purposes. The City, <br />pursuant to the provisions of Minnesota Statutes, Section <br /> <br /> <br />2270 HN WORLD TRADE CENTER <br />SAINT PAUL, MINNESOTA 1313101 <br />1m2 I 291 - 1215 <br /> <br />2200 FIRST NATIONAL DA....'lK BUILDING <br />SAINT PAUL, MINNESOTA 55101 <br />(0I8) 201 . 1:.2.113 <br /> <br />2400 IDS CENTER <br />MINNF..APOIJS, MINNESOTA 55402 <br />iel21 339.0001 <br />