Correspondence 1989-1992 Waldron

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� �J 3. T�ie authority acc�uires property in the dis�rict agter April 1. These ac�ions must take place befAre Jur�e 1, 1991. I am in the pracess oi analyzing a non-committal development agr�ement with Trammel Crow in terms of the Ramsey Engineering s�.ts to ensure thait the new Twin Lakes dis�rict is prap�r�y grandfathered. There is one silver lining relating to this legislative action. A� a r�sult of th� �ity Council taking the positive action ta, in eff�ct, grandfather our d�stricts, we could end up in a� much mare campetitxve sltu�tion than other Ca�ies. �or example, based on the c�randfathera,ng of the 35W area, we will l�ave IOQ� o� tY�� incr�anen�. �o work w.�th over the life of �he dist�ict after fiscal dispari�ies. For a�irst ring suburb that did not get a distric� grandfathered, the HACA and I,GA ��strictions commerice after a five year period which wauld substantial3.y limit the amount of available increment. In addition, a �3�v�eioping �c��munity such as Maple Grove, w�uld find itself in a very difficult posil�ion based on �he fa�t �hat it needs to ut3lize economic �evelopment dis►tricts on v�cant land. Economic development distric�s were severely limited in terans of commercial �use plus �he HACA and ?,GA ��strictions ar�� im�lemer�ted in �he first year of the da.strict. G�; Ed Burr+ell kick �opke '.