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a <br /> ■ Attractive Community Gateway — . <br /> Redevelopment has resulted in the removal of an auto salvage yard at the = <br /> entrance to the community on County Road 81. In its place,the Bell Tower <br /> Office and Commerce Centers were constructed,creating a more attractive �� �R <br /> P <br /> entrance to the community. <br /> ■ Strong Property Values — <br /> Redevelopment has kept property values strong.In the early years of the <br /> City's redevelopment efforts from 1992 to 1997,property values increased <br /> an average of 2.5 percent each year. However, from 1999 to 2003 as more <br /> redevelopment projects have occurred,property values increased an average Me new Redife of Osseo development along centralAvenue features <br /> of 12 percent annually. 77 units of senior bousing and 15,000 squarefeet of retail space. <br /> Strong Tax Base — <br /> The City maintains a strong commercial-industrial tax base which helps <br /> keep costs down to residents.Although commercial-industrial properties <br /> may comprise 29 percent of the tax base ($53.8 million),they pay <br /> 44 percent of all property taxes. Single family residential properties make <br /> up 56 percent ($102.3 million) of the tax base, but pay only 40 percent <br /> of total property taxes. <br /> Strong Fiscal Health — <br /> Due to solid financial performance and strong management,Standard& Redevelopment means investment in our community,investment <br /> Poor's credit rating service increased the City's credit rating to A-in August in scbools and our community's continued ability to attract young <br /> 2003.The rating agency also noted that the City's market values had families to Osseo uritb children for our schools. <br /> increased 12 percent annually for the last four years.Improved bond ratings <br /> help reduce the current and future costs of borrowing for the community. WANT TO LEARN MORE? <br /> Contributions to City Funds — For more information about Osseo <br /> Revenue from the City's redevelopment projects contributes to City funds redevelopment, contact Dave Callister at <br /> and benefits all taxpayers. Building permit fees from 2000 to 2004 will 763-425-2624. Visit our Web site <br /> add a total of$139,592 to the general fund. In addition, these projects will at www.ci.osseo.mn.us <br /> contribute $132,775 to the water fund, $60,825 to the sewer fund and <br /> $78,000 to the park fund. <br /> 69£SSNX'Oassp <br /> anuaavivtlua,)SI5 <br /> OHM 10 IUD <br /> 0-- rte. <br /> bbl'ON iIINU3d <br /> NIN'oasso <br /> OIVd 39tl1SOd'S*n <br /> IIVIN SSV1O-1SUH <br /> 031a0S3bd � � <br />