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Housing & Economic Development <br />Metro Cities urges the Legislature to: <br />• Not adopt any statutory language that would further constrain or directly or <br />indirectly reduce the effectiveness of TIF; <br />• Not adopt any statutory language that would allow a county, school district or <br />special taxing district to opt out of a TIF district; <br />• Incorporate the Soils Correction District criteria into the Redevelopment District <br />criteria so that a Redevelopment District can be comprised of blighted and contaminated <br />parcels in addition to railroad property; <br />Expand the flexibility of TIF to support a broader range of redevelopment projects; <br />• Amend MN Statutes to clarify that tax increment pooling limitations are calculated <br />on a cumulative basis; <br />Increase the ability to pool increments from other districts to support projects; <br />• Continue to monitor the impacts of tax reform on TIF districts and if warranted <br />provide cities with additional authority to pay for possible TIF shortfalls; <br />Allow for the creation of transit zones and transit related TIF districts in order to <br />shape development and related improvements around transit stations but not require the <br />use of TIF districts to fund the construction or maintenance of the public transit line itself <br />unless a local community chooses to do so; <br />• Allow TIF eligibility expansion to innovative technological products, recognizing <br />that not only physical items create economic value; <br />• Support changes to TIF law that will facilitate the development of "regional <br />projects"; <br />• Shift TIF redevelopment policy away from a focus on "blight" and "substandard" <br />to "functionally obsolete" or a focus on long range planning for a particular community, <br />reduction in greenhouse gases or other criteria more relevant to current needs; <br />• Encourage DEED to do an extensive cost -benefit analysis related to redevelopment, <br />including an analysis of the various funding mechanisms, and an analysis of where the cost <br />burden falls with each of the options compared to the distribution of the benefits of the <br />redevelopment project; <br />Support TIF for neighborhood recovery efforts in the wake of the foreclosure crisis; <br />Consider creating an inter -disciplinary TIF team to review local exception TIF <br />2019 Legislative Policies <br />32 <br />