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I / <br /> <br />I./ <br /> <br />I <br /> <br />! <br />! <br />! <br /> <br />method of computation shall apply: <br /> <br />February15, t950 <br /> <br />Mr. Jerome F. SHkey <br />Assistant Director <br />Local Government Aids <br /> a~d Analysis Division <br />State of Mi~esota <br />Dep~tment of <br />Cente~ial Office ~i!ding <br />Sa!,:t P~l, MN 55145 <br /> <br />Dea- Mr. SRkey: <br /> <br />Enclosed find a redraft of tax increment tecl'mical amendments. I <br />have attempt, ed to in&,ude the items we discussed in ),our office. <br /> <br />Please confirm that the fiscal disparity changes will have the <br />following effect: <br /> <br />If no election is made by the issuing body the contrit2~- <br />lion which the tax increment district would have made <br />will instead be made from outside the district, thus <br />permi£~ng the authority to retain 100%'of the lnare- <br />ment generated from *,he c~ptured assessed value. <br /> <br />If an election is mcde the contribution will be made <br />from the tax increment district and the tax increment <br />will be rec~ced by the con~LSu*,?.~n ratio con~'ibutic,~. <br /> <br />If you have any quest/ohs, please ~/ve me a call. <br /> <br />Very. truly yatrs, <br />James S. Holmes <br /> <br />23 <br /> <br /> <br />