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Mounds View City Council Page Twelve <br /> Regular Meeting November 25, 1991 <br /> Mark Barney, City Attorney, stated this ordinance would be <br /> repealed automatically. Karney further stated to add language <br /> regarding public hearing is repeating itself. <br /> Mr. Bill Frits asked why the Council was objecting if it <br /> doesn't mean anything to not have the language in. <br /> Mayor Linke stated with a sunset clause the utility would be <br /> dead in 1993 and the whole process would have to be <br /> continued to reinstate the utility. <br /> Naja Werner, 2765 Sherwood Road, inquired as to if the revenue <br /> enhancement measure passes as a utility, her understanding is that it <br /> will be a monthly fee of $1.21. Ms. Werner inquired also if this <br /> rate would stay the same for the entire three years or if NSP <br /> would raise their rates would the fee be changed. <br /> Mayor Linke responded that any raise by NSP is built in and <br /> covered by the $1.21. <br /> William Werner, Sr. stated the Council shouldn't pass this at all <br /> and should forget about the sunset clause. Mr. Werner, Sr. , feels <br /> the Council should deal with the problem now. • <br /> Mr. Bill Johnson, 7860 Groveland Road, stated he owns rental <br /> property in the form of a four-plex. Mr. Johnson further stated that <br /> he pays non-homestead taxes which come out to about $4,000 per <br /> year. Mr. Johnson stated the City is adding another additional <br /> tax on to the tax roles . Mr. Johnson also stated that rental <br /> property is in bad shape these days; his building is deteriorating <br /> and he has had to spend much money out of his own pocket. <br /> Mr. Johnson questions who will pay this tax for him. Mr. Johnson <br /> stated that if his tenants want more light he installs a light in his <br /> parking lot. Mr. Johnson stated he wanted no more taxes. <br /> aha erner s ated that Mounds View has a lot of business parks. <br /> Naja wPrner wanted to—now—if they—are paying their—fair—share—of <br /> the tax burden. Naja Werner also wanted to know if there were <br /> special concessions given to businesses to come to Mound View. <br /> Mayor Linke responded to Ms. Werner's question with most of the <br /> businesses were brought to Mounds View through Tax Increment <br /> Financing. Mayor Linke explained that if raw land is worth $1. 00 and <br /> after the buildings are added it is worth $3 . 00 in taxes, the <br /> additional taxes pay off the bonds. The City gets a percentage <br /> of the dollar. Mayor Linke said most of these are set up for <br /> fifteen years but ours are way ahead of schedule. What's nice <br /> about this utility is businesses will be paying approximately $5.00 per <br /> acre. • <br />