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r� <br />U <br />��J <br />�� <br />ANALYSIS OF H�USE FILE 2209 <br />What follows is a analysis af the current tax increment bill in <br />the House. The situation is extremely fluid at this point in <br />time and will eventually be resolved within the respective Tax <br />Committees . <br />1. <br />2. <br />3. <br />4. <br />LGAf HACA Cuts <br />For new tax increment districts, LGA and HACA would be cut <br />by the increase in school aid payments that would be <br />required. <br />Comment <br />This item <br />assumes all <br />increment. <br />Bliqht Test <br />would reduce available project increment and <br />development would have occurred without tax <br />New blight tests would require that if the cost of a <br />building's code correction is 15� less than a�omparable <br />new building, than the facility cannot be deemed blighted. <br />Also, the 30� obsolescence t�st is eliminated and would <br />became a 15 year renovation district. <br />Cc�mment <br />It would be extremely difficult to meet the 15� test. A <br />$15,000-$20,OA0 analysis would have �to be conducted <br />regarding each building ancl 20 year old warehouses in <br />Roseville would have a difficult ti.me meeting the test. <br />But For Test <br />In acidition to the current requirement that a proposed <br />development would nat occur tYtrcaugh private investmen�. in <br />the reasonable foreseeable future, another crit�ria would be <br />utilized which would state that the develo�ment is not <br />attributable principally ta unrelatecl governmental <br />restrictior�s . <br />Comment <br />Long term land use plans, zoning modifications, etc. could <br />be deemed as governmental res�rictions. <br />County Road Costs <br />This bill would allow counties to charge cities road <br />improvement costs based on the impact of new development. <br />Currently, this item only applies , to soil condition <br />