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City of Roseville,Minnesota2001 Budget <br />E <br />IT <br />NCREMEN <br />CONOMIC <br />Fund: Economic Increment <br />Account Number: 570-088.000 <br />Organizational Accountability: Finance Director <br />D <br />EPARTMENTALDESCRIPTION <br />2001W <br />S <br />ORK <br />TRATEGIC <br />Economic Increment provides for a livable community through <br />PLAN <br />economic redevelopment and quality community infrastructure. <br />The fund includes the Economic Increments Construction <br />Continue planning for the Twin <br />Fund. <br />Lakes Parkway Plan and <br />Development Master Plan <br />Continue to recover the City’s <br />investment in projects funded <br />front <br />Continue efforts to diversify tax <br />base <br />PersonnelServicesI0 <br /> Continue to require quality <br />Supplies0 <br />development and head of <br />MiscellaneousServices0000 <br />household iobs <br /> Charaes <br />Capital Outlay00 <br />1999 <br />A <br />CHIEVEMENTS <br />Total100 <br /> Stabilized the tax increment <br />program with a balance between <br />debt service and state imposed <br />decreases in tax classification rates <br />E C O <br />XPECTEDITYUTCOMES <br />Complete development in TIF <br />districts that resulted in 190,000 <br />Sq. Ft. of new space and created <br />13 million in new tax value <br />Total Net Tax Capacity (NTC) <br />Tax Increment (NTC) <br />Completed the gateway business <br /> of Rate in Tax Increment District 18.9%park with over 320,000 Sq. Ft. and <br />500 new jobs <br />Net Contribution to Fiscal <br />Disparities (NTC) <br />II <br />% of Rate Contributions to Other <br />Communities <br />Citizen Benefit/Impact: <br /> Pollution clean-up and reduction of <br />urban blight <br />Growth in the number of <br />Community that is a desirable andhousehold jobs and increase in tax <br />affordable place to live and workrevenues <br />IV-57 <br /> <br />