Minutes - Council - 06/24/2003 - Laserfiche WebLink

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c' City Council/Regular/May 13, 2003 c~ City Council/Special Session/June 3, 2003 ej ~ty Council/Work Session/June 3, 2003 f). C!ty Council/Work Session/June 10, 2003 7) Adopt R~solution #03-06-150 Approving Cash Disbursements Made and Authorizing Payrr~ent lof Accounts Payable Invoicing Received During the Period of June 1, 2003 through Yune 13, 2003 8) Ado~ R4solution #03-06-151 Authorizing a General Resolution of TIF Inter-Fund Loans, or A~vanees 9) Adopl Rqsolution #03-06-152 Amending 2003 Schedule of Rates, Fees and Charges 10) Adolbt R~solution #03-06-153 Granting a One Year Extension to the Site Plan Deve!op~ent Permit for Sunflower Ridge 11) Ad0~t R~solution #03-06-154 Approving 7th Partial Payment to Latour Construction for Imprd~vement Project #99-52 (Sunwood Drive Extension) Motion card{d, iVoting Yes: Mayor Gamec, and Councilmembers Pearson, Strommen, Kurak, Cook, and Zi~m~rman. Voting No: None. CouNcIL VS N SS Case #1: P~iblic Hearing: Adoption of TIF Plan Amendments for TIF Districts No. 1, 2, !4, 6, and 8 called the public hearing to order at 7:08 p.m. Mayor Gamel Presentation, Economic De has been to a~ vel4)pment Consultant Mulrooney stated that past practice of the City of Ramsey lopi amendments to TIF Districts as new projects are added to respective districts. In those amefl, dm.~nts, instead of giving a summary budget of the TIF Districts that were affected, only the new!pr~ect was represented in the documents. The past practice used has produced numerous d0~um~ents with numerous budgets for each TIF District. In addition to addressing past practice~ tl~re have been significant changes in the property tax system that has led to reductions in !the ~ncrement generated in all districts. The State Legislature has determined that the change in ithe property tax system has placed a burden on cities and has passed legislation that allows cities [o r~capture lost tax increment dollars due to property tax reform. Anoka County Board of Cofi~missioners and School District No. 11 were notified of the public hearing as required by t~e Siate of Minnesota, and have had time to comment prior to the hearing. Anoka County has p~tssed a motion in support of the Amendments to the tax increment d~stncts, which is not required, blat does show that both the City and County continue to have a good working relationship, lit i~ required by the State of Minnesota to hold a public hearing for comment whenever am .,ndnhents are proposed to a Tax Increment Financing District. The purpose of the amendments }resented for adoption was three-fold. The first reason is merely a clerical issue that will creats a ~ocument for the districts that shows the entire amended and restated budgets for each distri ct. 'This is helpful for TIF reporting and internal accounting for each respective City Council/June 24, 2003 Page 5 of 37