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1 <br />1 <br />1 <br />FOODS DISTRIBUTION CENTER_ THE POSSIBLE ADDITION OF THE <br />INDUSTRIAL AND COMMERCIAL SERVICES OF GATEWAY WILL <br />DIVERSITY THE CITY'S TAX BASE_ OTHER INDUSTRIAL <br />DEVELOPERS ARE ALSO SHOWING AN INTEREST IN OUR CITY.. THIS <br />COULD LEAD TO NEW JOBS AS WELL AS INCREASE OUR MARKET <br />VALUATION, THUS REDUCING TAXES_ <br />IN THE LAST FIVE YEARS, THE CITY HAS EXPERIENCED A MARKET <br />VALUE INCREASE OF 18% AS OPPOSED TO THE METRO AVERAGE OF <br />9Q_ THE NUMBER OF HOUSEHOLDS HAS CLIMBED 25% DURING THE <br />• <br />SAME PERIOD VERSUS THE 1O RISE INNER CITY <br />THE PAST FIVE YEARS HAVE ALSO GIVEN RISE TO AN INCREASED <br />OPERATING RESERVE_ THE CITY'S GENERAL FUND BALANCE HAS <br />INCREASED FROM $580,000 IN 1988 TO $650,000 IN 1989_ OUR <br />FISCAL INDEPENDENCE IS ESSENTIAL IN THE EVENT THAT THE <br />LEGISLATURE TRIMS AID_ <br />IN 1988, THE CITY OF LINO LAKES WORKED WITH A $1.8 MILLION <br />BUDGET_ GENERAL AND STATE AID INCREASED $1 00,000 FOR <br />