2017-06-27_PWETC_Minutes - Laserfiche WebLink

Home

125 and City get what the freeze was. When they take the next increment above the 126 freeze, it all goes to the project. With the But -For test, they need to prove they need 127 the 25 year TIF established and that they need all that increment. If they cannot 128 prove it, it will be issued for less time. 129 130 Mr. Culver commented from an infrastructure component and soil clean up, it has 131 been helpful to have. These funds have helped to clean up an area to make the land 132 developable and without it, it would have been too expensive to clean up. The land 133 would have sat empty and the City would not have gained from that tax base. The 134 Twin Lakes TIF has been used for infrastructure projects and soil cleanup costs. 135 Ms. Kelsey commented the redevelopment construction that has happened in Twin 136 Lakes has not received TIF. With Calyxt, they were able to get a Job Creation Fund 137 from the State, and Environmental TIF to help clean up some of the site. They try 138 to tap into all the funds that are available. Mr. Culver advised when the parcels 139 between Mount Ridge and Arthur develop, they will most likely use Environmental 140 TIF as well. Some of the properties are not owned by the original property owners, 141 and by establishing this TIF district, it helps avoid legal issues with determining 142 who caused the contaminated soils. 143 144 Ms. Kelsey stated when a project is underwritten, the goal is to not unfairly 145 subsidize a project for the current or potential new owner. With Twin Lakes, they 146 wanted to identify the costs for environmental cleanup and make sure there was 147 enough to cover it. hi response to a question from the Commission, Ms. Kelsey 148 stated there are other possibilities within the City that may qualify for this TIF. 149 There are certain tests and criteria it has to meet, but as TIF laws modify, different 150 opportunities come forward to utilize it. 151 152 Mr. Culver commented while most cities have to go to the Legislature to establish 153 a TIF district project area, Roseville already has this established. They already have 154 the authority to establish different TIF districts for specific projects, if it meets 155 certain criteria. 156 157 In response to a question from Chair Cihacek, Ms. Kelsey confirmed TIF is the last 158 funding resource that they make available to projects. TIF funding must be used in 159 the context of a larger project and for things that are part of the project. The scope 160 of a project must be defined to determine what public improvements need to be 161 done, because there are things it cannot be used for. 162 163 6. Transportation Plan Update 164 Mr. Culver introduced the City's transportation plan consultant, Scott Mareck from 165 WSB and Associates. 166 167 Mr. Mareck began his presentation by describing what a transportation plan is. He 168 referred to page 30 of the meeting packet, and went over the process for developing 169 a transportation plan. They are looking to come up with strategies the City can use 170 to plug into the Capital Improvement Plan (CIP) for future projects, potential future Page 4 of 11