Agenda Packets - 2005/07/25 - Laserfiche WebLink

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Mounds View City Council June 27, 2005 Regular Meeting Page 10 1 Mayor Marty explained that they have this program in place for the present time noting that they 2 have certified a number of parcels throughout the city as being TIF eligible for housing 3 replacement. He further explained that they would not be taking anyone’s property. He stated 4 that this is only if the property owners deemed to sell it to the city. He stated that a number of 5 these properties are in disrepair and in order to sell the property to an outside buyer they would 6 have to be brought up to city code, but to sell the property to the city, using TIF funds, they could 7 sell the house outright without repairing. He noted that the Medtronic TIF proposal is setup 8 differently than the current TIF proposals being used over the years. He explained that 9 Medtronic’s proposal is a pay as you go process and it would not generate any extra TIF pool or 10 funds that the city could use. 11 12 Mr. Hall clarified that he did not ask if they were creating a larger TIF pool. He further clarified 13 that he is encouraging them to look at ways to keep increasing the quality of Mounds View. He 14 stated that it would be a nice process for the city to be able purchase properties before they 15 become ransacked. He stated that by having a company like Medtronic come into the city it 16 provides an opportunity for Mounds View to continue to upgrade the community. 17 18 Mayor Marty stated that it takes money for the city to be able to afford to purchase properties 19 noting that presently the city is able to use some of the funds from a TIF pool captured by other 20 districts noting that once these districts are de-certified and are no more, the city would not have 21 this source of revenue funds. He stated that the city would not have the capital to invest in 22 buying without using tax dollars. 23 24 Mr. Hall noted that city does not have the money right now noting that if the city doesn’t deal 25 with Medtronic there would be no future dollars for this city and taxes would increase. 26 27 Stacy Kvilvang, Ehlers and Associates stated that essentially the Council’s goals for this tax 28 increment-financing district is to pay it off as soon as possible. She explained that any excess 29 TIF generated would go to pay off the note early so that they can shut the district down. 30 31 Cindy Sebesta, 2146 Hillview Road, stated that her home is listed in TIF district noting that she 32 did not know this and was never notified until everything was passed. She indicated that many 33 low-income and fixed-income people are also affected and did not know. She explained that it is 34 not that she does not want to improve her home it is a matter of affordability. She further 35 explained that she is a single mother with six children, noting that her job was cut and she has 36 spent the last three years going back to school to improve her life. She stated that she resents the 37 way she has been treated by this entire thing and to make a comment that her home should be 38 destroyed. She expressed frustrations stating that she has worked very hard to keep things going 39 noting that she has a large number of things to deal with including a child-support situation with 40 her ex-husband along with trying to maintain her home. She stated that does not feel that the city 41 has helped her out by placing her home into a TIF District. She stated that she did not get a 1/3 42 reduction in her property taxes like what is proposed for Medtronic. She stated that this is a very 43 unfair deal especially when it comes to homeowners when you take our largest asset and put at 44 risk. She stated that this is the one piece of property she owns that’s going to be her ticket to a 45