Agenda - Council - 10/27/1981 - Laserfiche WebLink

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NAIOP LEGISLATIVE Although a solution to the prohlem would be helpful, most REPORT o~ the legislative committee members felt that it is the wrong time to introduce any changes. They fear the state The Internal Revenue Set- TAX EXEMPT vice and the House Over- FINANCING sight Committee have in- troduced a bill, H.R. 4420, that would impose Gcphardt's severe restrictions upon future tax exempt financing, essentially eliminating this valuable tool as we know it after the end of the current year. President Bill Tobin presented a copy of the proposed legislation, which is similar to that defeated in July. Chairman Jim Stuebner reported that Represen- tative Bill Frcnzcl believes the bill will not be passed in its present form. Stucbncr prepared to testify for the Scna~'s version, but the hearings have been deferred. Chairman Stuebner show- NATIONAL ~ u~ ~ ~,np~e of t~ ~w PUBLIC AFFAIRS Public Affairs manual the National NAIOP has made PROGRAM available to each president and legislative chairman of our 55 NAIOP chapters. Tom Willlams has recently been hired as our Washington lobbyist. In lieu of the Spring Seminar, the First Annual Public Affairs Meeting will be held at the Key Bridge Marriott on Sunday, April 18-20, 1982, in Washington, D.C. for ali legislative committee members and chapter presidents. The program will end with meetings between our members and their respective representatives and senators. Merrill Busch, NAIOP's MASTER PUBLIC new CoordinatorofPub- RELATIONS PLAN lic Relations, will hold a press conference on Sat- urday at the Houston Convention for reporters from the Wall Street Journal, the New York Times, Building Magazine. the National Real Estate Investor, and similar publications. Joining him on a panel of national develop- ers will be Gerald Hines of Trammel Crow, and others. The purpose of this new program is to offset the negative will use the change as an opportunity to justify general increases in the tax levy against the industrial and commercial property. A letter from the St. Paul SOMA was presented, stating the opposition of the St. Paul Chapter since the mid-1970's. The conclusion reached was to present our point of view to the Minneapolis Chapter before the new legislation can be introduced in hopes of eliminating the matter before formal action is taken. A1 Beisner w)lunteered to act as Chairman of a new sub- committee, with the assistance of Steve Gage and Greg Bradbury. A meeting will be arranged fi)r the first week of November, with two representatives of both BOMA chapters -- the ICSC, MII)A -- and ourselves. Boyd Stofer suggested each guest bring an example of the potential tax problems which would present each organi- zation's respective position. Boyd Stofer will have his LEGISLATIVE legislative roll call manuals ROLL CALL and maps ready for distri- bution at the November Seminar. To implement our grassroots legislative contact program, he suggests a "position paper" on each issue selected by the chapter. The committee supported SECOND ANNUAL Chairman Stuebner's sug- MEET-YOUR- gestion that we repeat last spring's meeting at the Hol- LEGISLATOR DAY iday Inn in St. Paul. Stueb- ncr will contact Jim Erickson, our chapter's I,egislative Counsel, to determine the best time. Bob Worthington report- ENVIRONMENTAL ed that environmentalists AFFAIRS will probably confine their efforts this coming legisla- tive session to protecting federal and state lands from further exploitation rather than take on new issues. Stuebner and Beisner reported case histories in which the environmental regulatory process backfired with harmful results. image the developer has in the eyes of the public and the Chairman Jim Stuebner press. ............................................ has been included in sever- The Minneapolis Chap- MINNESOTA ter of SOMA is consider- REAL ESTATE TAX ing new legislation for the coming session to compel CALCULATION all tax assessors to use the income approach in determining real estate taxes. It was surmised thc chapter's motive is to offset taxes based on large, downtown buildings before full rentup. Because of the size of these structures, leaseup can occur much later than the normal assessment based upon the typical interpretation of "full completion." The situation does not occur in the suburbs where leaseup and assessment based on "completion" often coincide. CONTACTS WITH THE al groups invited to Gover- nor Quie's home. Bob ADMINISTRATIVE Worthington pointed out it BRANCH is also important to know the Governor's lieutenants who are assigned to those areas in which we are concerned. Due to recent administrative changes, Worthington will find out the individuals responsible at the present time. The newsletter is now being sent to representatives and senators but should also be sent to members of the Executive Branch. -- Jeff Coult, Secretary NAIOP Legislative Committee I NAIOP NEWSLETTER COMMITTEE Chairman, Harry Yaffe Cindy Sirotkin Norm Herbst Jim Kramer Start Johannes