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S • Fiscal Disparities is unique to Minnesota and has been around for over thirty years. Up to 40% of the value of commercial and industrial property in Mounds View is sent to what is called the Fiscal Disparities tax base "pool of value". From this pool, it is combined with similar tax values from the seven-county metro area and redistributed based on whether each community or taxing unit's fiscal capacity per capita was higher or lower than the metro area average. City of Mounds View Fiscal Disparities Receipts 2002-2008 Year Amount % of Gross Levy 2002 $628,289 23.79% 2003 $664,704 25.48% 2004 $561,710 18.66% 2005 $594,802 15.50% 2006 $742,017 19.33% 2007 $680,323 17.72% 2008 $903,922 23.55% Source: Mounds View Finance Department Goals & Policies The City will govern and direct future economic development in Mounds View by the following set of goals and policies. The goals and policies focus on business development and redevelopment but are linked to other chapters of this Comprehensive Plan. Land use, housing, transportation and public amenities also impact the City's ability to retain its economic base and to attract development. Business Development Goal: Retention In light of the increasing mobility of businesses, Mounds View will focus on retaining existing businesses and industries in the city. In some cases,the City may decide to help businesses to create circumstances where they can expand to meet their customers'needs and/or their own desire to grow and prosper. Retention Policies • Enhance business communication efforts through evaluation of existing programs. • Focus business retention efforts on businesses that have been identified as having the greatest impact for future growth and development by continuing informal business retention visits and site tours. • Maintain and support open communication between the city and the business community in acknowledgement of their value and be in a position to address concerns or meet • expectations.