Agenda Packets - 1996/06/24 - Laserfiche WebLink

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• Cathy and I have continued to work on the Bel Rae project. We are expecting refined construction estimates from our architect on various options for the building. We will also be meeting with Springsted to determine the operational costs associated with those options. This can then be presented to the Council for their discussion. Once this is all clarified, I anticipate taking the preferred options to the community for their input. Hopefully all this can happen within the next few weeks. The City will take ownership of the Bel Rae on July 1. • The Chief and I have also met with LELS on their contract and I anticipate resolution to this fairly soon. Chuck • I spoke to Diane Wuori from the Community Policing Committee regarding the possibility of expanding the group with the goal of focusing on researching and planning for what is needed in the community for teen activities. Several of the communities I have contacted noted that one of the key elements to a successful teen program is including and getting the support from the Police Department and area youth. In addition, if the programs are related to police there are opportunities for cops grants to fund the program. Diane felt it was a great idea and would be willing to try and get more people involved from the community. Possibly Diane can be invited to the August work session to discuss with the Council and gain their input and support for the Committee to work on this project. • I have been working on the new reporting requirement for Tax Increment Financing this week. All the documentation is due by July 1 and since we are short in Finance I am struggling through. There are additional requirements due to the 1995 legislative session. We are now required to publish the annual statement that discloses the amount of increased property tax imposed on other properties in the City as a result of the fiscal disparities contribution that is not paid from the tax increment districts. This could cause controversy in the community because most taxpayers tend to look at each annual tax statement verses the benefit to the community once the district expires. Prior to publishing the amounts I will be preparing a solid response to potential calls as a result of the disclosure. The disclosure must be published prior to July 1, 1996 for 1995 taxes. For your information the following is the language and amounts that the City of Mounds View must disclose for TIF Districts 1-3. : "The fiscal disparity property tax provision provides that the growth in commercial-industrial property tax values is shared throughout the metropolitan area. In a tax increment financing district, this value sharing can either result in a tax increase forother properties in the municipality or result in a decrease in tax increment financing district revenue depending on how the tax increment financing district is established.