CC MINUTES 05142002 - Laserfiche WebLink

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City Council Regular Meeting Minutes May 14, 2002 Page 3 0 2 Foster indicated that their desire was to form a collaborative organization with the City of 3 New Brighton. He indicated that a collaborative effort would serve as a vehicle whereby 4 the city could get state funds through the county, as well as funding from St. Anthony. 5 6 Foster explained how the process would work, if they formed a collaborative 7 organization. 8 9 Foster stated that he was not asking the Council for money today, but would be back in 10 the near future to do so. 11 12 Councilmember Horst asked how many other cities are involved in a collaborative effort. 13 Foster indicated that almost all other cities operate collaboratively; Duncan indicated that 14 the City of St. Anthony would be one of the last. 15 16 Mayor Hodson asked what the different funding sources are, so that as they proceed, they 17 are informed. He added that he believes in the program, as it affects the entire 18 community, and that he would like to be able to clearly inform the residents with what 19 they are doing with their dollars. 20 21 Councilmember Faust confirmed that the collaborative effort was, essentially, to get more bang for the buck. Mayor Hodson added that it was also for the purpose of attaining 16 additional dollars. 24 25 Councilmember Horst asked where the city comes into play in the area of funding. 26 Foster stated that collaborative monies do not only come from the state, but the city, as 27 well. He indicated that he would have more of that sort of information the next time he 28 was before the Council. 29 30 Mayor Hodson stated that he would like to see the city participate in funding a grant- 31 writer that would work for the CPC, and other needs of the city. 32 33 Councilmember Sparks highlighted the parks which are one of the many areas of the city 34 that are not part of community services. 35 36 Councilmember Horst stated that the value of the program to the residents needed to be 37 explained to them. 38 39 Mayor Hodson thanked Foster for the update on the program. 40 41 B. Update on tax increment financing. Bob Thistle, Springsted, Inc., will be present. 42 Bob Thistle came forward to review the status of the city's existing Tax Increment Funds. 43 He stated that the review was good news, as all four TIFs are healthy and very solid. Thistle indicated that Governor Ventura signed into historic tax relief and property tax 6 reform, and that the changed made to the class rates impacted St. Anthony's TIF 47 Districts. The tax capacity's numbers are now firm and the full impact of the changes 48 can be determined.