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<br />1:issolution <br />Board of <br />!Ramsey County Commissioners <br /> <br />Presented By <br />Attention: <br /> <br />Commissioner Schaber <br /> <br />Date September 13~ 1982 . No. 82-734 <br /> <br />. <br /> <br />Budgec & Accoun~ing; L. McKenna, Property Tax; <br /> <br />All Municipality Clerks, Ramsey County; <br /> <br />WHEREAS. Tax increment financing districts are being created in Ramsey <br />County in increasing numbers and for significant amounts, and <br /> <br />WHEREAS, The lack of availability of alternative financing methods <br />suggests that reliance on tax increment financing will continue to incl""ease in <br />the futul""e. and <br /> <br />WHEREAS, Tax increment financing adversely affects the County's tax base <br />and artif.icially increases the County's property ta;c. mill rate. and <br /> <br />WHEREAS. The County has no s~atutory authority to limit the use of tax <br />increment financing, and <br /> <br />- . <br />WHEREAS, The County fee1s that it is necessary to e;c.press its concern <br />to all municipalities in Ramsey County about the use of tax increment financing; . <br />Now, Therefore Be It <br /> <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 /> <br />The rapid growth in the creation of tax increment financing <br />distriC1:s 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 /> <br />Also, Ramsey County finds' it objectionable, that under present <br />statutes, provision ;s made for comment onl~, rather than <br />statutory power for counties to limit or control the use of <br />tax increment financing. <br /> <br />Ramsey County ,recognizes that ta;c. 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 wouldlika to see <br />all municipalities who use ta;c. increment fin~ncing develop a <br />strategy which encourages development while protecting the <br />municipality and its ta;c.payers from unnecessary expense by <br /> <br />-continued- <br /> <br />. <br /> <br />ROBERT J. OTrrH, Ciu:.i.Mra.n. <br /> <br />By <br /> <br />('<!-;../ 1'11"... _ f'""..'f"1 R.r,"nA <br /> <br />\-' '"' "J~'~J~~-i,:':~'(\\r,/~::C"l'TQ/tii:CI ~h, rn'rnrnU7' <br /> <br />('q'~'~~{1_;2;;_; i (} 1nu ~ '; C1 ~rtlnUr"rAr N ~r'.!'." U(j ',,;n::' <br />