Agenda - Council - 07/08/2003 - Laserfiche WebLink

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c) City Council/Regular/May 13, 2003 d) City Council/Special Session/June 3, 2003 e) City Council/Work Session/June 3, 2003 f) City Council/Work Session/June 10, 2003 7) Adopt Resolution #03-06-150 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of June 1, 2003 through June 13, 2003 8) Adopt Resolution #03-06-151 Authorizing a General Resolution of TIF Inter-Fund Loans, or Advances 9) Adopt Resolution #03-06-152 Amending 2003 Schedule of Rates, Fees and Charges 10) Adopt Resolution #03-06-153 Granting a One Year Extension to the Site Plan Development Permit for Sunflower Ridge 11) Adopt Resolution #03-06-154 Approving 7th Partial Payment to Latour Construction for Improvement Project #99-52 (Sunwood Drive Extension) Motion carried. Voting Yes: Mayor Gamec, and Councilmembers Pearson, Strommen, Kurak, Cook, and Zimmerman. Voting No: None. COUNCIL BUSINESS Case #1: Public Hearing: Adoption of TIF Plan Amendments for TIF Districts No. 1, 2, 4, 6, and 8 Mayor Gamec called the public hearing to order at 7:08 p.m. Presentation Economic Development Consultant Mulrooney stated that past practice of the City of Ramsey has been to adopt amendments to TIF Districts as new projects are added to respective districts. In those amendments, instead of giving a summary budget of the TII~ Districts that were affected, only the new project was represented in the documents. The past practice used has produced numerous documents with numerous budgets for each TIF District. In addition to addressing past practices, there have been significant changes in the property tax system that has led to reductions in the increment generated in all districts. The State Legislature has determined that the change in the property tax system has placed a burden on cities and has passed legislation that allows cities to recapture lost tax increment dollars due to property tax reform. Anoka County Board of Commissioners and School District No. 11 were notified of the public hearing as required by the State of Minnesota, and have had time to comment prior to the hearing. Anoka County has passed a motion in support of the Amendments to the tax increment districts, which is not required, but does show that both the City and County continue to have a good working relationship. It is required by the State of Minnesota to hold a public hearing for comment whenever amendments are proposed to a Tax Increment Financing District. The purpose of the amendments presented for adoption was three-fold. The first reason is merely a clerical issue that will create a document for the districts that shows the entire amended and restated budgets for each district. This is helpful for TIF reporting and internal accounting for each respective City Council/June 24, 2003 Page 5 of 37