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<br />. <br /> <br />. <br /> <br />. <br /> <br />1) Regular Airport Commission meeting minutes dated March 21, 1984. <br /> <br />2.} <br /> <br />Charter Commission meeting minutes dated March 8, 1984. <br /> <br />Mayor Gamec stated that the charter election is scheduled for May 22, 1984. <br />The percentage required to adopt the charter will be a majority of those <br />persons that come out and vote on that particular issue. Mayor Gamec <br />also noted that Itdoesn't seem like there is much public interest in the <br />charter; he doubts if 500 people will show up for the election. Auditors <br />have raised questions as to how the charter will affect our interest rates <br />and bonding; there really isn't an answer to that. A municipality has to <br />be able to move, especially in the area of financing. Mayor Gamec pointed <br />out one particular revision in the charter; ~heCity participation in a <br />project is allowed up to 20% before a referendum would be required. <br /> <br />COMMISSION BUSINESS <br /> <br />Case #1: Mr. O1arles Weaver Of The Governor's Tax Commission To Discuss Purpose <br />Of GovetnOl;' S )Tax:Commiss:illon:.. <br /> <br />Mr. Weaver gave a brief explanation regarding the formation and financing of <br />this Tax Commission. There are problems in financing this Commission because <br />the State has ruled that the Commission cannot receive funds from the private <br />sector. <br /> <br />Mr. Weaver stated that 4 staff persons gave gathered a great deal of data and <br />concerns through public meetings held throughout the State and now the Commission <br />must decide which concerns to address. The Commission expects to complete it's <br />task by December, 1984. <br /> <br />Mr. Weaver stated he is concerned with the following: <br /> <br />a. Tax Formulas - Minnesota is essentially a pass-through State. We raise <br />the money through sales and income tax and pass 70% of it back. The <br />most important thing this Commission can accomplish is to find out what <br />has happened since the 'Minnesota miracle' initiated in 1971 and now. <br /> <br />b. Realty Classification - Unity tax, flat percentage tax and assessing <br />based on best land use have been discussed. <br /> <br />Mr. Weaver stated that the Tax Commission is very non-partisan and the people <br />serving on the Commission feel very strongly about getting something done. <br /> <br />Chairman Greenberg stated there is a concern for the high property tax on <br />industrial and commercial property. When Ramsey raises the issue, it gives <br />the City a bad name and hinders economic development. <br /> <br />Commissioner Muller brought up the homestead credit formula as a concern. <br /> <br />The Commission then discussed the status of Industrial Revenue Bonds with <br />Mr. Weaver. Mr. Weaver stated that IRB's are dead right now. <br /> <br />Chairman Greenberg stated that IRB's serve as a band-aid to high real estate <br />taxes and 90% of Ramsey's development is due to IRB's. <br /> <br />Mr. Weaver stated he would be willing to meet again with Ramsey's EDC as <br />the Tax Commission's work progresses. <br /> <br />EDC/April 11, 1984 <br /> <br />Page 2 of 4 <br />