Laserfiche WebLink
-3- <br /> • <br /> for the IRB program appears to be somewhat opposite the 503. Rather than a lac; <br /> of cities participating, there are 70% of the MUSA area cities using IRBs, <br /> therefore there must, be a need. The ability to pool, thus providing financing <br /> for smaller or borderline projects,has also been indicated as a need. <br /> Experience and research will show that developers have not been bashful in <br /> requesting IRBs, 70% of the cities have used them and some have developed strict <br /> criteria. No research has been done as to why 30% have not, but it is clear <br /> they could if there was a need. The ability to pool exists through existing <br /> Port authorities and cities do have the ability to request port authority <br /> designation. Finally, the council has not indicated any city or developer <br /> that has requested council issuance of IRBs. The list of cities participating <br /> in IRB issuance would indicate that size of city is not a barrier. <br /> b) Legal Authority. The council has received two opinions in this area. One <br /> indicates thatthe authority exists, whereas, the other tends to cast doubt. <br /> Unless the council obtains clear statutory authority, it should not become <br /> involved as an operating finance agency. <br /> c) Competition. The councils role -as an overall planning and technical <br /> assistance agency has allowed it to basically remai-n aloof from day to day <br /> normal competion among cities for tax base growth. This posture has _allowed <br /> the council to be very successful in coordinating metropolitan development •to <br /> maximize use of regaional founds for development of regional systems. City <br /> • c_fficials have come to accept this role. If the council puts itself into a <br /> new role of operating agency with ability to directly influence who and what <br /> develops and where, it soon may become embroiled in competitive battles and <br /> lose its overall affectiveness. <br /> d) Operational versus planning. 'The Metropolitan Council was conceived as a <br /> planning and coordinating agency. The implementation and operating. role in . <br /> the four systems (Sewer, Transporation, Parks, and Airports) was specifically <br /> and intentionally kept separate. The one exception of the HRA as an operating <br /> function of the council, was only done after extensive and thorough research <br /> into needs and to be able to implement Federal programs. The council can be <br /> effective in promoting economic development through its planning, research, <br /> and technical assistance tasks. The documentation established so far in <br /> support of these policies clearly indicate that there are many tools <br /> available for current operating agencies to accomplish the goals set forth , <br /> for economic development of this region- <br /> 4. ECONOMIC- OPPORTUNITY POLICY <br /> POLICY L. Encourage Public and Private. Sectors to improve access to jobs for the <br /> poor and unemployed. <br /> COMMENT: This policy provides the gathering of statistics to primarily augment <br /> existing policies in the physical development areas and is appropriate as a <br /> planning function. <br /> • C. RECOMMENDATION: <br /> Policy K,-should be eliminated. The council should concentrate its efforts in the other <br /> policy areas of planning and research. It especially should implement policy J to <br /> monitor and measure impacts of current programs for a period of time to rea11 <br /> determine if new programs are needed. Until this is done, there is no basis and <br /> no facts supporting the need for a council sponsored finance agency. <br />