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Mounds View EDA July 10, 2006 Regular Meeting Page 4 incorporated into Mound’s View TIF policy. He stated he does not have a problem with Staff 130 reviewing St. Anthony’s policy. 131 132 Commissioner Thomas stated the policies are very similar and that she would not like to spend a 133 lot of time on the policy instead of working on the actual TIF plan. She stated the policy does 134 not speak to pre-1990 projects and that she does not see a differentiation among the districts. 135 136 Acting President Stigney stated it does discuss pre-1990 developments and reiterated his support 137 of the summary in St. Anthony’s policy 138 139 Commissioner Gunn stated that she was confused by the Planning Commission meeting as well. 140 She said that she agrees with Commissioner Flaherty about the balance of the TIF funding. She 141 stated there is always somewhere that the taxes will be raised. She added that she believes St. 142 Anthony’s policy is fairly similar and that nothing caught her attention either way. 143 144 Director Ericson addressed the “all or nothing” and B scenarios. He stated Commissioner Gunn 145 raised a good point. He added that the three TIF districts are governed under different laws 146 regarding the collection of TIF. He stated any funds or increment collected go into a pool that 147 can be spent anywhere in the City for expenditures. He added that the City has not closed out the 148 district because of this reason. He stated until the districts are closed, the TIF money is collected. 149 150 Director Ericson stated Finance Director Beer analyzed the savings if the various scenarios were 151 adopted. He mentioned that the decertification of SYSCO District 3 could be done immediately. 152 He stated the tax dollars would then be turned back to the general levy, which would spread 153 across more properties where property owners would see a tax decrease. 154 155 Director Ericson stated that, all things being equal, property owners would notice a slight 156 decrease in their tax bill, but other taxes may be increased. He stated the Planning Commission 157 initially wanted to recommend “what was of impact to the property owner.” He stated the 158 Planning Commission believed that if the amount of money given back was negligible, then it 159 did not make sense to give up the TIF dollars. 160 161 Director Ericson stated the Planning Commission made it clear that County Road 10 is a priority. 162 163 Director Ericson explained that he went through St. Anthony’s and Mounds View’s policies and 164 that Saint Anthony has a stronger policy statement. He stated that perhaps the EDC should 165 review the policies and make a recommendation. He stated the EDA has the authority to make 166 changes to the policy. 167 168 Acting President Stigney stated the County and School District taxes are confusing. He stated 169 the EDA is discussing City taxes and $32 is not an amount to take lightly. He stated that the 170 money can go back into the taxpayers’ pockets and the City is only losing $2 million. He stated 171