Agenda - Council - 03/24/1981 - Laserfiche WebLink

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NAIOP LEGISLATIVE REPORT QUESTIONNAIRES The Minneapolis-St- Paul member profile which was completed two years ago will be updated· Members will be asked to complete a new questionnaire wlfich will have sections pertinent to both developer and associate members· The committee, to maintain confidentiality, has employed the firm of Haskins and Sells to collect the data. When we deal with our lawmakers and regulators, it is im- portant for them to know the magnitude of jobs, payroll and tax revenues that we produce. INDUSTRIAL A bi]] for limiting the use of Industrial Revenue REVENUE BONDS Bonds has been intro- duced by representatives Berkelman, Schreiber, Wynia, Friedrich, House File No. 22, which attempts to preclude the use of this method of f'mancing for commercial devel- o ment. Your legislative chairman, Jim Stuebner, and our l)eP;slative advisor will be meeting with Mr. Schreiber, one of the sponsors, to discuss this legislation. Some other ideas were suggested on this topic: 1. Return the approval of revenue bonds to the Economic Development Department. 2. Publish the level of bonds sold rather than the mountS authorized. 3. Estalish local guidelines for issuing the bonds. It is important that Minnesota remain competitive with its neighboring states to avoid the movement of companies out of our state. NAIOP is in favor of the current status of the use of Revenue Bond Financing. Jobs and tax base are the direct result of this financing vehicle. TAXES The committee recom- mends that Minnesota's capital ~ain taxation method conform to the federal com- putation. To attract top management to our state, income tax relief for the high income individuals is necessary. The NAIOP Legislative Committee met on February 5, 1981. In attendance were Jim Stuebner, Jim Campbell, Sam Marfield, Jeff Coult, Robert Hoffman, Harry Yaffe and Ben Steinberg. Other Areas for Legislatioe Monitoring TAX INCREMENT Though there is no bill at this time, the use of tax FINANCING increment financing for · terchan es and other highway projects is being ques- ~ ~a ~is mav have a detrimental impact on.ac~c~s to don ..... Z: ' . ~,~ .~ Umitin*, this methoa or nnan- property ~ance an mru~ cing is made, other restrictions may be in the offing. COMPREHENSIVE To refresh your memo~ fy, municipalities in the PLANS Metro area were to have submitted Comprehensive Guide Plans to the Metropolitan Council for their approval by June, 1980. For the most part this has been accomplished. Proposals are now being introduced to expedite approval of changes for the plans. Under the new proposal, the Metropolitan Council would h~ve 10 days to decide if the plan change affects sewer, roads, parks or airports. If the Council deemed the change to have no impact, the Council would sign off on the change. If the plan change were deemed to have an impact, a 90-day review with continuations allowed would be in- stituted. Consult the community's Guide Plan in your land purchase decisions. It is our understanding that future zoning will follow the Guide Plan. Environmental Impact Statesment regulations will be dis- cussed. Could a community's Comprehensive Guide Plan be a substitute for an Environmental Impact Statement? En- vironmental issues entered into the development of the commumty plan. A task force has been formed to study this issue. DEPARTMENT OF NAIOP supports an in- crease in this depart- ECONOMIC ment's budget. It is oper- DEVELOPMENT ating on the same budget as four years ago. The Economic Development Department was recommended to handle the business licensing, now administered by other agencies- The Committee encourages any member in good standing to attend its meetings, which are held at 7:30 a.m. at the Ambassador Motel. The next meeting will be held Wed- nesday, March 11, 1981. - Harry I. Yaffe, Secretary - Jim Stuebner, Chairman NA1OP Legislative Committee NOTES: NAIOP Mid-Year Conference The Greenbrier White Sulphur Spring, West Virginia April 8 -- 12, 1981 ATTENTION -- NEW & OLD MEMBERS A representative of Haga Photography will be present at the March 24th Seminar to take photographs of new mem- bers and old members who have not yet submitted a pic- ture to the Directory Committee for the 1981-82 NAIOP Upper Midwest Chapter Director}'. Won't you take a few moments before the program starts to sit for a photo- graph and help us publish a really complete directory? The coat of a photograph is $5.00. if you have any ques- tions, please carl Tony Hipp at 371-1199.