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01/09/85
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01/09/85
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Meetings
Meeting Document Type
Agenda
Document Title
Economic Development Commission
Document Date
01/09/1985
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deficits, while the residential categories showed surpluses. <br />~his was due to several factors. First, the analysis did not <br />include education revenues and expenditures, since the study only <br />dealt with the City budget. Second, within the Metropolitan <br />area, cor~nunities are subject to the "fiscal disparities" law <br />that contributes 40 percent of each community's <br />commercial/industrial assessed value growth since 1971 to a <br />regional pool. ~he pool is then redistributed to communities in <br />proportion to population and in inverse proportion to market <br />value per capita. Several other sources of intergovernmental <br />revenue are distributed to communities on the basis of <br />population, which also contributes to the surplus revenue for <br />most residential uses. <br /> <br />Ste~.4 .... Analyze Land~UsaA%ternativgs <br /> <br />~he next step was to analyze the land use alternatives and to <br />project the "fiscal factors." Taking the "soil suitability" <br />groupings, calculations were done by parcel of the net <br />developable area. Areas proposed to be "rural residential" would <br />have to be serviced by on-site sewer systems. ~herefore, a <br />parcel would need at least one acre of slight, moderate or fill <br />soil categories to be considered developable. For proposed <br />sewered areas, severe soil types were also considered <br />developable, with some special treatments to overcome the high <br />water table. Based on this, the potential number of developable <br />lots (subtracting out existing development) under the proposed <br />density standards of the five land use plan alternatives was <br />calculated. <br /> <br />~he next step was to aggregate the net developable areas and <br />potential developable lots by proposed land use category. From <br />this aggregated file, the projections of the following "fiscal <br />factors" were made for each of the alternatives at full <br />development: housing units, population, sewer flows, police calls <br />and road frontage. <br /> <br />Since these projections are for the alternatives at full <br />development, the next step was to oonsider the market demand for <br />the proposed land uses. 93~e Council has prepared projections of <br />annual acreage demand rates for residential and <br />commercial/industrial uses for individual communities within the <br />region. U31e City believed that the Council's rates were too low, <br />so three alternative land demand assunptions were used: the <br />Council's rates, a rate 50 percent higher than the Council's, and <br />a rate 100 percent higher. Using these rates, the number of <br />years of land supply represented by each alternative was <br />computed. After evaluating this information, projected land <br />develolmnent by land use category for the years 1190, 2000, and <br />2010 was computed. <br /> <br />Steo 5._ Pro_Jeer Fis~c.al..Imrmc~t_of. the ~Land U.s~ Alter_natives <br /> <br />City revenues and expenditures for the years 1990, 2000, and 2010 <br />were prepared next using the projected fiscal factors, the <br />current fiscal multipliers plus an asstmw~d inflation rate. <br /> <br />6 <br /> <br /> <br />
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