Agenda - Council - 04/09/2024 - Laserfiche WebLink

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8. 1. CC Regular Session Meeting Date: 04/09/2024 Primary Strategic Plan Initiative: Enhance City's communication through transparency and accountability. Information Title: Legislative Update Purpose/Background: SF43 71/HF4340 City of Ramsey special tax increment financing authority modifications This bill amends past special legislation related to TIF District 14. The language clarifies that the city would be exempt from interfund loan requirements for projects that are identified in the original 2010 Legislation. These projects include the city's share of the costs necessary to provide for the construction of the Northstar Transit Station and related infrastructure, including structured parking, a pedestrian overpass, and roadway improvements, (2) the cost of land acquired by the city or the housing and development authority in and for the city of Ramsey within the district prior to the establishment of the district, and(3)the cost of public improvements installed within the tax increment financing district prior to the establishment of the district. • Staff testified in front of the House Property Tax Division on April 3, 2024. The bill will be considered as part of the Omnibus Tax Bill. SF47951HF4869 Ramsey sales and use tax exemption for certain construction materials modification This bill amends 2023 approval related to the Water Treatment Plant project. In 2023, language only included the Water Treatment Plant and not the trunk watermain improvements. • Staff testified in front of the Senate Tax Committee on March 19, 2024. The bill will be considered as part of the Ominbus Tax Bill. SF5214/HF5153 City of Ramsey clean water infrastructure bond issuance and appropriation This bill requests $6.8 million in state bonding appropriations for the Water Treatment Plant and Trunk Watermain improvements. •This bill has been introduced,but has not received any committee hearings. SF50461HF5031 City of Ramsey pedestrian overpass over Highway 10 and Highway 169 bond issuance and appropriation This bill requests state bonding appropriation to construct a pedestrian overpass over Highway 10. An amount was not initially identified. However, the request will be for 50% of the project cost. The current project cost estimate is $7.5 million. Staff will work with legislatures to solidify the requested amount. • Staff testified in front of the House Capital Investment Committee on April 3, 2024. This bill will be considered as part of the Omnibus Capital Investment Bill Attachments No files) attached. Form Review Inbox Reviewed By Date Brian Hagen Brian Hagen 04/04/2024 04:28 PM Form Started By:Brian Hagen Started On:04/04/2024 03:58 PM Final Approval Date:04/04/2024