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Resolution <br />Board of <br />ieQmseyr. Go zen y Commissioners <br />Presented By Commissioner Schaber <br />Attention: <br />Date September 13, 1982 No. 82 -734 <br />Budget & Accounting; L. McKenna, Property Tax; <br />All Municipality Clerks, Ramsey County; <br />WHEREAS, Tax increment financing districts are being created in Ramsey <br />County in increasing numbers and for significant amounts, and <br />WHEREAS, The lack of availability of alternative financing methods <br />suggests that reliance on tax increment financing will continue to increase in <br />the future, and <br />WHEREAS, Tax increment financing adversely affects the County's tax base <br />and artificially increases the County's property tax mill rate, and <br />WHEREAS, The County has no statutory authority to limit the use of tax <br />increment financing, and <br />WHEREAS, The County feels that it is necessary to express its concern <br />to all municipalities in Ramsey County about the use of tax increment financing; <br />Now, Therefore Be It <br />RESOLVED, That the Board of Ramsey County Commissioners hereby adopts the <br />following policy statement which shall be the official County comment for all tax <br />increment projects proposed in Ramsey County: <br />The rapid growth in the creation of tax increment financing <br />districts is of increasing concern to Ramsey County. It should <br />be noted that all increases in assessed valuation over the base year <br />would be captured, whether or not they are generated by <br />economic development activity carried on by the authority. <br />The County's tax base is. affected adversely at a time when there <br />is additional reliance on ad valorem property taxes because <br />of the reduction in state and federal aids. <br />Also, Ramsey County finds it objectionable, that under present <br />statutes, provision is made for comment only, rather than <br />statutory power for counties to limit or control the use of <br />tax increment financing. <br />Ramsey County recognizes that tax increment financing is one <br />of the tools available to encourage development or redevelop- <br />ment within a municipality. However, cautious and judicious <br />use of the tax increment financing vehicle is necessary to <br />insure that it is not abused. The County would like to see <br />all municipalities who use tax increment financing develop a <br />strategy which encourages development while protecting the <br />municipality and its taxpayers from unnecessary expense by <br />ROBERT J. ORTH, Cha,iionan By <br />- continued- <br />Page 40 <br />