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mT„ HT...S <br />01eneinn Commission <br />4nri1 10, 1"2 <br />Tax <br />Increment <br />Rinancinn <br />(Cont.) <br />Rlesener nolnted out that tax increment financing is a way of helping <br />the developer. <br />Herkenhoff asked if there was another alternative to tax increment <br />financing. <br />Rlesener replied that the alternatives are changing all the ti'ie. <br />Davison commented that the planning Commission has been concerned <br />that policy changes have not gone through the Planning Commission. <br />In the case of tax increment financinn, the Planning Commission <br />has been told that this is noinn to no through and the Planning <br />Commission has only been asked to approve district boundaries. <br />Iir. 9lesener replied that the financial responsibility belongs to <br />the Council. The manning Connission is responsible for na':ino sure <br />districts are consistent with the Comprehensive Plan. <br />fir. Davison questioned why District 7 was proposed. <br />Rlesener replied that this was included by a 3 to 2 vote of the Economic <br />nevelopment Committee. Rlesener pointed out the commercial development <br />proposed in Maplewood in this area. <br />The Planner pointed out that the Comprehensive Plan designates that <br />this area regain R -1. The Council stated that it had no intentions <br />of rezoning this property. <br />Davison did not feel R -1 areas should be included <br />first rezones the property. <br />unless the Council <br />The Planner stated that other than this area, most of the zoning <br />reflects the Comprehensive Plan pretty -well. <br />neLonais asked if tax increment was needed in 7 -3 areas. <br />51esener pointed out that a Pond example of where tax increment <br />financing would have benefited the City is the 'iarstad- mcCo11001< <br />office building. The City could have stepped in and assisted the <br />developer in the purchase of the adjacent property and the development <br />would have resulted in a larger office building and would have <br />cleaned un the area. <br />Mr. '-Ier'<enhoff again questioned condemnation. Rlesener again pointed <br />out that the rules for condemnation do not chance. Herkenhoff asked <br />if the City would condemn property if the property owner did not "!ant <br />to sell. Blesener replied that each case would have to be looked at <br />individually. <br />Rlesener pointed out that tax increnont financing cane into being <br />in 1972 and there were condemnations in the State prior to that <br />tine. <br />Page -9- <br />