2015.06.16 EDA Agenda Packet - Laserfiche WebLink

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Policy #4006 1. The proposal must compwith Minnesota Statutes. 4-- The proposal must include property identification numbers or legal descriptions and the abatement area must be made up of existing parcels of record._ Tax parcels subject to the abatement request must not be in a tax increment financing district. 3. The Property Records and Taxpayer Services Department wo'�,�gat� may impose a fee commensurate with the applieai;t complexity of the abatement to covert administrative costs of the program that are anticipated to be incurred over the life of the abatement. ° signed agFeement mus Such fee as a licable will be filed wathincluded in the department prior to final county heard aPPF.. Va terms of the abatement agreement. A A.,,. .,,...,�.,i....Lt,. ..,.,-.. ..,,.,..h— . �.. a.. 1:.. , ire .....___a _r ice_ _,.._s .,_ _• - - _ ...... ..........�........, ..._...��,.. ...... ..... p...... ...r.�......u. .... �� .�Tliu d-83UP-lepMeRt Of n hn Restrictions on Economic Development Abatements Thein compliance with M.S. 469.1813 Subd.1 (1), the county board must find that the expected benefits of theagreement to the county are at least equal the Geste-te the county of the proposed . gFeemeRtcost. 2. Tieln compliance with M.S. 469.1813 Subd.1 (2), the board must find that the abatement action is in the public interest, because the abatement will meet at least one of the following criteria: aA. Increase or preserve tax base: 4II. Provide employment opportunities in the county= G. -iii. Provide or help acquire or construct public facilities= d -iv. Help redevelop or renew blighted areas: e.v. Help provide access to services for county residents, favi. Finance or provide public infrastructure; or vii. Phase in a property tax increase of more than 50% not attributable to improvement of the parcel. 3 ---By statute, abatements may not exceed five (&ten 10) percent of Washington County's +„re„tn ezf+1".1lntl•7'- he}Gmei#s approved at no more than 0 9 the ce-unty levy. Implemented: July 24, 1990 Page 2 of 5 Revised: November 9, 2010 Revised: Month dd_ 2015