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APPENDIX A <br />CITY OF LINO LAKES, MINNESOTA <br />YEAR & <br />STATUTE <br />REFERENCE <br />STATE LEGISLATIVE ACTION <br />1998 <br />#11 Data Privacy: Effective July 1, 1998, data, notes and preliminary drafts of <br />audit reports created, collected and maintained by cities relating to internal audit <br />or investigation remain confidential or protected nonpublic data until final audit <br />report published or audit or investigation concluded. <br />1998 <br />#10 Property Tax Reform: Cities are authorized to create special taxing districts <br />within tax increment financing districts to address impacts of 1997 and 1998 <br />property tax class rate changes on existing TIF districts. <br />1998 <br />#9 TIF Deadlines: Beginning in 1999, annual TIF reporting deadline is extended <br />from July 1 to August 1. Also, if annual reports are not submitted by the third <br />Tuesday in November, State Auditor may place a hold on tax increment <br />distributions. For distributions made between the third Friday in November and <br />the end of the year, 25% will be withheld, and for distributions made after January <br />1, 100% will be withheld. <br />1998 <br />#8 Miscellaneous TIF: <br />a. Parcels classified as green acres, open space or ag preserves can now be <br />included in certain TIF districts. <br />b. The terms "decertify" and "decertification" are clarified to refer to termination <br />of a district. <br />c. Clarifies disclosure and reporting requirements for when the requirements <br />begin and end. <br />d. TIF recodification task force extended to May 1, 1999. <br />1998 <br />#7 TIF Enforcement: The TIF revenues deduction rate increases from .10 to .25 <br />percent to fund the Office of the State Auditor's enforcement responsibilities. This <br />increase will be used to employ six auditors and one clerical support staff person. <br />1998 <br />#6 Audit Results: Requires Auditors to present copy of audited financial <br />statement and any management letter or written findings to each city council <br />member and mayor no later than 30 days after report is due to state auditor. Audit <br />results must be presented at a scheduled city council meeting prior to October 31 <br />each year. <br />PREPARED BY HLB TAUTGES REDPATH, LTD. <br />PAGE 1 OF 4 <br />