Laserfiche WebLink
Agenda Section: VIII-6 <br /> CITY OF NEW BRIGHTON <br /> Report Number: 96-045 <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> IIIReport Date: February 13. 1996 <br /> • <br /> ITEM DESCRIPTION CONSIDERATION OF AUTHORIZATION TO PUBLISH NOTICE FOR CREATION <br /> OF A REPLACEMENT TIF DISTRICT FOR EXISTING DISTRICTS#21 &#22 <br /> DEPT. HEAD'S APPROVAL: <br /> MANAGER'S REVIEW/RECOMMENDATION: <br /> No comments to supplement this report Comments attached <br /> EXPLANATION/SUMMARY (attach supplemental sheets as necessary) <br /> TIF Districts#21 and#22 are the districts that encompass the yet to be redeveloped portions of the Lakeview Business <br /> Park project south of Jones Lake(see attached map). When these districts were created in 1993,new state legislation <br /> concerning TIF district development and state aid had just been passed. These changes meant cities could see a reduction <br /> in their state aid as a result of development in TIF districts. Since then,the State Legislature has further revised TIF law to <br /> make it possible for Cities to avoid these potential aid reductions. <br /> Since no redevelopment has yet occurred in TIF Districts#21 and#22, replacing these districts with a new district is <br /> possible for the City,thereby avoiding falling under the jurisdiction of previous law concerning State Aid. <br /> To replace Districts#21 and#22, a public hearing is needed. Staff is requesting authorization to set a public hearing date <br /> find publish the required notice so that the replacement can be accomplished. <br /> RECOMMENDATION: <br /> Motion to AUTHORIZE STAFF TO SET A PUBLIC HEARING AND PUBLISH NOTICE OF A <br /> HEARING TO CONSIDER THE REPLACEMENT OF TAX INCREMENT DISTRICTS #21 AND #22. <br /> :::::;erc._g_f_ <br /> evin Locke, Community Development Director <br /> S <br /> 1.1COMM DEVIC D196-C CRIKEV I N102-REP LA.WPD <br />