03-14-2013 Planning Agenda - Laserfiche WebLink

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development, have public safety concerns that include several unprotected old buildings with issues such as access, hydrant locations, and converted structures. The impact of the District on public infrastructure is expected to be minimal. The goal is to have the developer pay for infrastructure costs associated with the new project. The development is not expected to significantly impact any traffic movements in the area. The current infrastructure for sanitary sewer, storm sewer and water will be able to handle the additional volume generated from the proposed development. Based on the development plans, there are some additional costs associated with street maintenance ($2,000 per year), sweeping ($300 per year for three times per year = $900), plowing ($2,500 per year), lighting (two new streetlights at $250 per light, per year) and sidewalks. However, sidewalk costs are yet to be determined. The development in the District is expected to contribute an estimated $23,040 in sanitary sewer (SAC) and water (WAC) connection fees. The probable impact of any District general obligation tax increment bonds on the ability to issue debt for general fund purposes is expected to be minimal. It is not anticipated that there will be any general obligation debt issued in relation to this project, therefore there will be no impact on the City's ability to issue future debt or on the City's debt limit. (3) Estimated amount of tax increment attributable to school district levies. It is estimated that the amount of tax increments over the life of the District that would be attributable to school district levies, assuming the school district's share of the total local tax rate for all taxing jurisdictions remained the same is $74,906; (4) Estimated amount of tax increment attributable to county levies. It is estimated that the amount of tax increments over the life of the District that would be attributable to county levies, assuming the county's share of the total local tax rate for all taxing jurisdictions remained the same is $328,198; (5) Additional information requested by the county or school district. The City is not aware of any standard questions in a county or school district written policy regarding tax increment districts and impact on county or school district services. The county or school district must request additional information pursuant to M.S. Section 469.175 Subd. 2(b) within 15 days after receipt of the tax increment financing plan. No requests for additional information from the county or school district regarding the proposed development for the District have been received. City of Little Canada Tax Increment Financing Plan for Tax Increment Financing District No. 6 -1 2 -14