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�' <br />� <br />� <br />� <br />� <br />� <br />�� <br />City of Roseville, Minnesota <br />2. Fiscal Disparities Application in TIF Districts <br />Fiscal Disparities <br />3 State law requires new commercial-industnal properties in the 7-county <br />Metropolitan Area and Taconite Tax Relief Area to contribute 40% of <br />their commercial industrial valuation to an area-wide pool for re- <br />distribution to all local taxing junsdictions. <br />� For TIF districts with new commercial-industnal development, the �it�+ <br />must decide whether the fiscal disparities contnbution will be made from <br />valuation within the TI F district or from commercial-industnal properties <br />located within the City but outside of the TIF district. We are not aware <br />of any comprehensive database reporting the number of entities taking <br />fiscal dispantiesfrom within vs. outside their distncts. <br />� How does this affect the TI F distnct and related increment revenue? <br />� '�.F District Net Tax Capacity <br />Without/With Fiscal Disparities Contribution <br />� <br />�� <br />� <br />� <br />� <br />� <br />� <br />Without <br />(Option A) <br />with <br />(Option g) <br />Captured <br />Net TaY <br />Capacity <br />(2 60%) <br />Fiscal <br />Disparities <br />Contribution <br />(� 40%) <br />(Original Net Tax <br />Capacity) <br />The table above shows that by electing to have the TI F Distnct contnbute to the <br />Fiscal Dispanties pool (Option B), the amount of captured net tax capacity, and <br />subsequently the increment, is reduced by up to 40%. <br />SPRINGSTED Page 10 <br />