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MICROFILM MACHINE <br /> A couple of new microfilm machine's have been demonstrated to <br /> staff this week. The 1995 budget includes the lease of new <br /> machine due to the deteriorating quality of the old one. The one <br /> we have is over 10 years old and it shows in the poor quality of <br /> prints. <br /> Tim C. <br /> Mounds View Business Park: <br /> • Tim Nelson with Everest Development sent an updated Employment Survey, as <br /> of March 1, 1995, for the businesses located in the Mounds View Business <br /> Park. Ther_e_has_been_an_increase-in-employment-of 12-percent sinceJune <br /> 1993. There are three new companies since June 1993 (Deluxe Corporation, <br /> C.G. Hills & Sons and Mounds View School District) with only one relocation <br /> out of the park (Health Span). I have attached the survey to this is it for your <br /> information. <br /> TIF Legislative Hearings: <br /> • Samantha and I once again headed for the Capitol to hear the testimony on the <br /> proposed TIF Legislation. There have been no votes taken yet but there are <br /> several other bills that have been introduced. The following is a brief summary <br /> of those proposals: <br /> H.F. 147: (Ozment) Imposes several restrictions on the use of TIF. The major <br /> restrictions include: <br /> ♦ Restricting the use of soils districts to only contamination and <br /> pollution clean-up. <br /> ♦ Strengthening the but-for test and requiring a cost-benefit analysis <br /> before approval. <br /> ♦ Requiring school district approval for housing projects using TIF. <br /> ♦ Limiting pooling to ten percent of increments (currently it is 25%) <br /> ♦ Requiring significant expansion of financial reporting and disclosure <br /> ♦ Transferring all state level reporting and enforcement to the state <br /> auditor and appropriating 0.1 % of increments to pay the state auditor's <br /> costs. <br /> ♦ Requiring developers or other recipients to repay all of part of TIF <br /> assistance for up to nine years, if they move or otherwise fail to carry on the <br /> induced activities at the site. <br /> H.F. 824 (Ann Rest) Requires School Board approval, within 60 days of <br /> receipt, for any new TIF district and TIF Plan amendments prior to tax <br /> certification. <br />