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CC_Minutes_2017_0814
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Roseville City Council
Document Type
Council Minutes
Meeting Date
8/14/2017
Meeting Type
Regular
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Regular City Council Meeting <br /> Monday,August 14, 2017 <br /> Page 7 <br /> Councilmember Etten responded that history had proven that once money was <br /> used it seldom came back; and given the significant involvement by residents in <br /> SW Roseville and the city's commitment to them with only partial progress made <br /> to-date in responding to their park needs, he was concerned in maintaining that <br /> commitment to those residents and neighborhoods. Councilmember Etten stated <br /> that otherwise, he agreed with Councilmember McGehee's alternative suggestion. <br /> Councilmember Laliberte also expressed her agreement with Councilmember <br /> McGehee's suggestion, but stated her understanding from the city's bond counsel <br /> was that Park Renewal Program Funds should be expended in a timely manner, <br /> with this representing a good use of those funds from her perspective. Coun- <br /> cilmember Laliberte further stated her agreement Councilmember Etten and with <br /> commitments made by the city to SW Roseville that those funds would be ready if <br /> and when an opportunity arose in SW Roseville for options at that point. If the <br /> resulting recommendation tonight is to spend down Park Renewal Program dol- <br /> lars beyond their original purpose, Councilmember Laliberte noted the need to <br /> remain conscious of that. <br /> Councilmember Willmus stated his agreement with comments of Councilmem- <br /> bers Laliberte and McGehee but stated one consideration with this project for him <br /> was to use existing funds if the project proceeded to avoid any significant levy in- <br /> crease to pay for this. Therefore, Councilmember Willmus stated his preference <br /> for an internal loan and use of the Park Dedication Fund as an entirely appropriate <br /> use for those funds. <br /> Councilmember Willmus asked staff to provide additional information on upcom- <br /> ing decertification of Tax Increment Financing (TIF) Districts in the next few <br /> years that may be available to help replenish those areas where the internal loan <br /> was proposed to be drawn from. <br /> In response, Finance Director Chris Miller noted the TIF District that came off <br /> line in 2016, with proceeds expected in December of 2017 or the spring of 2018, <br /> with no confirmation received to-date from Ramsey County. Mr. Miller reported <br /> that the city anticipated $800,000 available for any public purpose once those <br /> funds were received. At the request of Mayor Roe, Mr. Miller clarified that this <br /> was an additional TIF District that had not yet been discussed by the City Council <br /> for future use at this point, nor had it been designated for CIP use. <br /> Councilmember McGehee stated her agreement with part of Councilmember <br /> Willmus' comments as she considered projected budgets for this project including <br /> depreciation, with a $63,000 deficit projected in 2019. As with other community <br /> buildings, Councilmember McGehee noted that it didn't even come close to 50% <br /> or any kind of self-funding, suggesting the need to consider that. While glad to <br /> hear about a possible $800,000 in additional TIF, Councilmember McGehee noted <br /> the additional funding needed to make those currently underfunded CIP areas sus- <br />
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