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� <br />� <br />M E M� R A N D U� <br />DATE: <br />February 23► 1990 <br />To: Steve Sarkozy <br />FROM: Craig A. ��?aldron <br />Inc ments Districts #1-10 and Tax <br />SUBJECT: Amendments to Tax and 12 <br />Increments Districts 1 <br />We are in the process o� amending <br />our existing tax increment <br />� p based on the following reasons: <br />c3ist�icts, 1 1 , <br />�e��ed that Roseville modify its <br />1, griggs and Morgan has recom <br />insure �hat the City's long term <br />existing distric�ts to can be <br />redevelopment goals ( <br />35W Corridor and Twin Lakes) <br />achi�v'ed ir� iuture yEars . <br />Pro ' ected c�sts not 1 ist�:d �-n <br />, _ � r,.,,,�A� in �he : <br />the ori inal lans ��.1� � <br />�-�e that the City would have the legal <br />amendmen�.s to insu <br />�s these redevelopment areas if addi�ional <br />authority to addre,� <br />increment should become available. <br />i� �s tax increment legislation testimony, <br />2, A� part of the C Y lan, <br />ommended that communities be required to p <br />Roseville rec ooled <br />first five years, for the use of future p <br />during the ting the use <br />fund <br />S, Through providing modif ied plans proJ �� <br />of pooled .funds� ► <br />th� City would be "praCticina what lt <br />nreaches" <br />'sl�tion could po�entially make it much more <br />3, pending legl for our �xisting <br />difficult to use new increments <br />