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MINUTES D <br />New Brighton Erovamie Development Commission Approvwtl <br />Regular Meeting-April 20,2010 <br />]JO a is <br />Memhen/WeEon Present: Gina Beumarh Bob eedre, Denis Flahave Marie Hansen, Mike <br />Murlowski, Tem Sao[], Ruben Vasquez, D.L. Beach, and Bob Smith <br />Members/Liaisons Absent Matin Nelson <br />Staff Present: Giant Femelius,Community Development Director; Kane Bravo, Office <br />Assistant. <br />Pall to OMer <br />Vasquee(Acting Chain) called the meeting m order. <br />Approval of Minorca <br />Motion by Commissioner Benk4 axovded by Commissioner Murlowski W approve the March <br />16,2010mimes. <br />8 eyes, 0 nays. <br />Motion Approved. <br />Northwest OuadrnM Rennet <br />Prereumfiou by Ehlers & Associates on following topics: <br />Introduction of Ehhers T <br />Mark Ruff introduced himself, Dave CWlistm and Jenne Vogt. <br />TIP Bodes <br />Dave Collision offered an explanation of tax increment fipsswum, defining TD as dee "ability to <br />coins and use most of the ineroasa local prupzrty tons reaenaesFws new dewelepnem within a <br />d Jned geographic, area within a diefinedpariad fame wlrhour the approval lthe other coxing <br />jurisdictions." MWtip]e Tff disMcm cm be located within a project area <br />Ghent Feneltus clarified a inject area is defined as a gmgaphic area where cenaw conditions <br />exist, and there is reason for the City W intervene. OWy the areas within a IN district is <br />rept actually covectal, other areas confimre to pay taxa. Mr. Collator explained pre-90 <br />dishicm allow paling of districts The uses of TIF were reported as land and building <br />acquisition, site improvements, public utilities, shems & sidewalks, minumishafive costs (limited <br />W10%). <br />Mr. Feraelias explained the term fax capacity, valthtion (Provided by County) multiplied by <br />class inns vary between commwdW (21%) and rasidmtial (11/,). <br />Mr. Callisb rtyorted there me diff t tylia of thshit4. The Redevelopment Maurice; (New <br />Brghton has used for all bun two of We i ieuicn) have a 26 your maximum. A Renewal wall <br />R.cwvetiovs District AfPordeble Housing Disfncl (New Bdghma has two ofthex distlicba.) lob <br />and Tax Base District. Environmental Clain up Districts, Hazardous Substance Subdistrict <br />(Nev, Brighten has one.) A couple of New Brighton's TQ7 district exempla were shared; <br />Himbad and TIFDidrict 22, Thmedale Plans. <br />Commissioner Geake sited these were good examples, and Mounted that the properly owner <br />still pays the fidl taxes on the property. <br />Mr. Ruff explained the myth that We School district receives las money because of TIF. <br />Mimesom School Dinicn revenues are determined by fed stale. <br />Mr. Fmve0us reported school sententious are often excluded from tax mer®mt. <br />