08-04-87 Council Workshop Minutes

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MINUTES City Council August 4, 1987 Blesener questioned the impact TIF would have on the School District under a housing project given the added burden such a project would have on the School District. Pelstring indicated that the impact on a School District would be virtually nill given the fact that the impact is made up at the State level with increased State aids. Pelstring also reported that Roseville is using TIF to address its transportation problem and in a project using a 15% TIF, 8% is provided as inducement to the developer with 7% retained to be used in improving the public transportation system. Pelstring noted that ratios of 10% to15% could be used by Little Canada with 5% retained for the purchase of park land, for example. Pelstring noted that while TIF money could not be used to purchase brick and mortar, it could be used for the acquisition of nark land. ~ Correcti_on Res. No. ~7-8- ~~5 Mr. 6)esener su9gested that in the 4th paragraph on page 3 of the August 4, 1987 Workshop Meetinq Minutes the word "set" be changed to "develop" and the phrase "as an example of what we could do" be added to the end of the sentence. Fahey pointed out that in the Thunder Bay 2nd Addition a tax increment of $40,000 was approved when the City could have approved a larger increment with a percentage retained by the City for park acquisition. Pelstring felt that the City still had the potential to increase this increment, however, noted that the 15% figure was most feasible. DeLonais questioned how the City will attract developers and also asked how much park land the City Council was interested in purchasing. Blesener felt that Spooner Park, property in Centerville Road area, the Mostad property and the open space at Capital View should be acquired by the City for park. The City Clerk pointed out that the School District owes about $100,000 in assessments on the Kellogg and Capital View sites and that there will be additional assessments levied on the property in conjunction with the Demont improvement. DeLonais questioned the feasibility of constructing ballfields on the Johnson/Mostad property. Fahey replied that the property can be developed as ballfields, however, it may be more feasible to develop the Centerville Road area property with ballfields and retain the Johnson/Mostad property as a wildlife area. Fahey suggested that Pelstring make some recommendations with regard to TIF and the City's retention of a portion of the TIF for park land acquisition. Page -3-