HomeMy WebLinkAbout7. Adoption of the Modification to the Tax Increment Financing Districta
CITY` - OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: MAY 2, 2000
AGENDA: Modification to the Tax Increment Financing
AGENDA SEC
ION:
District
PUBLIC HEA
UNG
PREPARED BY: Thomas D. Burt, City Administrator
AGE
7
ATTACHMENTS: Resolution, Plan
APPROVED BI
01
I
The Public Hearing this evening is to consider amending the Tax Increment Financing Districl to increase the
level of debt for the project area. The reason the increment or debt level needs to be adjusted i to accommodate
future expansion of public improvements.
Representatives from Ehlers and Associates, Inc. will be present to answer any questions you ay have.
RECOMMENDED ACTION: MOTION to approve A RESOLUTION ADOPTING 'IjHE
MODIFCATION TO THE TAX INCREMENT FINANCING PLAN FOR THE BUSINESS
PARK
TAX INCREMENT FINANCING DISTRICT.
COUNCIL ACTION:
i
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2000 -
A RESOLUTION ADOPTING THE MODIFCATION
TO THE TAX INCREMENT FINANCING PLAN FOR THE
BUSINESS PARK TAX INCREMENT FINANCING DISTRIC
BE IT RESOLVED by the City Council (the "Council") of the City of Rosemount,
Minnesota
(the "City"), as follows:
i
Section 1. Recitals
1.01. The City Council and the Port Authority for the City have heretofore
adopted a
Development Program for Development District No. 1 and adopted a Tax
Increment
Financing Plan for the Business Park Tax Increment Financing District.
1.02. It has been proposed that the City adopt a Modification to the Tax Incre
ent Financing
Plan for the Business Park Tax Increment Financing District, all purs
ant to and in
accordance with Minnesota Statutes, Sections 469.001 through 469.047,
inclusive, as
amended, and Minnesota Statutes, Sections 469.174 to 469.179, inclusive a.,
amended (the
"Act"). Generally, the substantive changes to the plan include an increase
modification
to the budget to account for additional tax increments due to the addition Joa
new project
and to authorize the issuance of an additional $3,000,000 in bonds.
1.03. The Council has investigated the facts and has caused to be prepared the Tviodification
to
the Tax Increment Financing Plan of the Business Park Tax Increment Financing
District
(the "Modification")
1.04. The City has performed all actions required by law to be performed prior t3
the adoption
and approval of the proposed Modification, including, but not limited to,
notification of
Dakota County and School District No. 196 having taxing jurisdiction over
the property
to be included in the Business Park TIF District, a review of and written comment
on the
Modification by the City Planning Commission, and the holding of a publi4
hearing upon
published notice as required by law.
1.05. Pursuant to Minnesota Statutes, Section 469.177, Subd. 3, the Council previously
chose
to calculate fiscal disparities by clause b.
I
Section 2. Findings for the Approval of the Modifications
2.01. The Port Authority is not modifying the boundaries of Development Distric
No. 1 nor the
Development Program therefor. l
El
RESOLUTION 2000 ............
2.02. The Port Authority is not modifying the boundaries of the Business Park Tax Increment
Financing District but is only modifying the Tax Increment Financing Plan to increase the
budget to account for additional tax increments due to the addition of a new project and to
authorize the issuance of an additional $3,000,000 in bonds.
2.03. The Council reaffirms its original findings for the Business Park Tax Increment Financing
District as modified herein, namely that the Business Park Tax Increment Financing
District is in the public interest and is an "economic development district" under
Minnesota Statutes, Section 469.174, subd. 12 and that the proposed development would
not occur solely through private investment within the reasonably foreseeable future and
therefore the use of tax increment financing is deemed necessary, the Modification
conforms to the general plan for the development or redevelopment of the City as a whole,
and that the Modification will afford maximum opportunity consistent with the sound needs
of the city as a whole, for the development of Development District No. 1 by private
enterprise.
2.04. The reasons supporting these findings are that private investment will not finance these
development activities due to prohibitive costs, and therefore it is necessary to finance
these redevelopment activities through the use of tax increment financing so that other
development by private enterprise will occur within Development District No. 1; the
Business Park Tax Increment Financing District is properly zoned; the Modification to the
Tax Increment Financing Plan conforms to the City's comprehensive plan for
redevelopment and development; and the development activities are necessary so that
development and redevelopment by private enterprise can occur within Development
District No. 1.
Section 3. Public Purpose
3.01. The Council hereby finds that the Modification conforms in all respects to the requirements
of the Act and are intended and, in the judgement of this Council, the effect of such actions
will be to help fulfill a need to develop an area of the City which is already built up, to
provide employment opportunities, to improve the tax base and to improve the general
economy of the State and hereby serves a public purpose.
Section 4. Approval of the Modification: Filing
4.01. The Modification to the Tax Increment Financing Plan for the Business Park Tax Increment
Financing District is hereby approved, and shall be placed on file in the office of the
Community Development Director. Approval of the Modification does not constitute
approval of any project or a Development Agreement with any developer.
4.02 The staff of the City is authorized to file the Modification with the Commissioner of
Revenue and the Dakota County Auditor.
2
i
RESOLUTION 2000 ............
4.03 The staff of the City, the City's advisors and legal counsel are authorized d directed to
proceed with the implementation of the Modification and for this purpose to negotiate,
draft, prepare and present to this Council for its consideration all rther plans,
resolutions, documents and contracts necessary for this purpose.
ADOPTED this 2nd day of May, 2000, by the Rosemount City Council.
Cathy Busho, Mayor
ATTEST:
Linda J. Jentink, City Clerk
CERTIFICATION
i
I hereby certify that the foregoing is a true and correct copy of a resolution prese ' ted to and
adopted by the City Council of Rosemount at a duly authorized meeting thereof, held on the
2nd day of May, 2000, as disclosed by the records of said City in my possession.]
(SEAL)
Linda J. Jentink, Rosemount City Clerk
i
I
Motion by: Seconded by:
Voted in favor:
i
Voted against:
Member absent:
3
Draft as of April 4, 2000
Draft for Planning Commission Review
MODIFIED TAX INCREMENT FINANCING PLAN
FOR
i
THE ROSEMOUNT BUSINESS PARK
i
TAX INCREMENT FINANCING DISTRICT
(an economic development district)
ROSEMOUNT PORT AUTHORITY
CITY OF ROSEMOUNT
DAKOTA COUNTY
STATE OF MINNESOTA
Public hearing: March 6, 1996
District Established: March 6, 1996
11 Modification Public Hearing: May 1, 2000
1 Modification Adopted:
Prepared by:
EHLERS AND ASSOCIATES, INC.
3060 Centre Pointe Drive
Roseville, Minnesota_ 55113
Phone: (651) 697 -8500
Fax: (651) 697 -8555
E -mail: info @ehlers - inc.com
Web Site: www.ehlers- inc.com
TAX INCREMENT FINANCING PLAN
FOR THE ROSEMOUNT BUSINESS PARK TAX INCREMENT DISTRICT
Subsection 1.1. Forward
The City, staffand consultants have prepared the following information to expedite and create the Rosemount
Business Park Tax Increment Financing District, an economic development tax increment financing district,
in Redevelopment Project No. L
(As Modified May 1, 2000)
The Tax Increment Financing Plan for the Rosemount Business Park Tax Increment Financing
District is being Modified to incorporate an addition project. Generally, the substantive changes to
the plan include an increase and modification to the budget to account for additional tax increments
due to the addition of a new project and to in authorize the issuance of an additional $3,000,000 in
bonds. The additional fiscal implications due to the new proposed project are stated in Subsection
1.14.
Subsection 1.2. Statutory Authority
Within the City of Rosemount (the "City") there exist areas where public involvement is necessary to cause
development or redevelopment to occur. To this end, the Rosemount Port Authority (the "Authority") has
certain statutory powers pursuant to Minnesota Statues, Sections 469.174 through 469.179, inclusive, as
amended (the "Tax Increment Financing Act" or "TIF Act ") to assist in financing public costs related to this
project.
Below is the Tax Increment Financing Plan (the "Plan") for the Rosemount Business Park Tax Increment
Financing District (the "District "). Other relevant information is contained in the Redevelopment Plan for
Redevelopment Project No. 1, as most recently modified on December 20, 1994.
Subsection 1.3. Statement of Objectives
The District currently consists of 2 parcels of land. Present plans on the site primarily include, but are not
necessarily limited to, land acquisition, site improvements and road improvements.
The District is expected to achieve many of the objectives set forth in the Redevelopment Plan in regard to
land use. They include, but are not limited to:
1. Enhance the tax base of the City and the State.
2. Promote and secure additional employmentopportunities within the Redevelopment Project
and for the City residents of the City and the surrounding area, thereby improving living
standards, reducing unemployment and the loss of skilled and unskilled labor and other
human resources in the City.
3. Encourage the expansion of local businesses.
City of Rosemount Modified TW Plan for Ros®amt Busiaess Pak TF District I
Subsection 1.4. Development Program Overview
1. Property to be Acquired - All property located within the District is
currently owned by the Rosemount Port Authority.
2. Relocation - Complete relocation services are available pursuant to
Minnesota Statutes, Chapter 117 and other relevant state and federal laws.
3. Upon approval of the developer's plan relating to the project and
completion of the necessary legal requirements, the Authority may sell to
the developer selected properties within the District or may lease land or
facilities to the developer.
4. The Authority may perform or provide for some or all necessary
acquisition, construction, relocation, demolition, and required utilities and
public streets work within the District
Subsection 1.5. Legal Description of Property of the Rosemount Business Park Tax Increment Fir
District
The District encompasses all property and adjacent rights -of -way identified by the parcel identii
number listed below:
PID No. 34- 64550 - 010 -00
PID No. 34 -64550 -010 -01
(As Modified May 1, 2000)
This Modification is not increasing the boundaries of the Rosemount Business Park Tax Inci
Financing District. However, since the District was certified on April 29, 1996, the parcels
Rosemount Business Park Tax Increment Financing District have been subdivided. The c
parcel identification numbers are listed below.
Parcel Numbers:
3464550-010 -01
34 -64551 -010 -00
34- 64551 -020-00
34- 64551- 010-01
34- 64551 -020-01
34- 64551 -030-01
Subsection 1.6. Classification of the Rosemount Business Park Tax Increment Financing District
The Authority and City, in determining the need to create a tax increment financing district in acc
with Minnesota Statutes, Section 469.174 to 469.179, inclusive, find that the District to be establisl
economic development district pursuant to Minnesota Statutes, Section 469.174, Subdivision 12, as
below:
"Economic Development District " means a type of tax increment financing district which
City of Rosemount Modified TIF Wan for Rosemomd Buses Park TIF District
in the
�rdance
Aisan
3
consists of any project, or portion of a project, not meeting the requirements found in the
definition ofredevelopment district, renewal and renovationdistrict, soils condition district,
mined underground space district, or housing district, but which the authority finds to be
in the public interest because:
(1) it will discourage commerce, industry, or manufacturingfrom moving
their operations to another state or municipality; or
(2) it will result in increased employment in the state; or
(3) it will result in preservation and enhancement of the tax base of the
state.
The District consists of 2 parcels, approximately 54 acres of develop able area. The project is expected to
increase employment in the state and enhance the tax base of the City and the State.
Revenue derived from tax increment from an economic development district may not be used to provide
improvements, loans, subsidies, grants, interest rate subsidies, or assistance in any form to developments
consisting of buildings and ancillary facilities, if more than 15 percent of the buildings and facilities
(determined on the basis of square footage) are used for a purpose other than:
(1) the manufacturing or production of tangible personal property, including processing
resulting in the change in condition of the property;
(2) warehousing, storage, and distribution of tangible personal property, excluding retail sales;
(3) research and development related to the activities listed in clause (1) or (2);
(4) telemarketing if that activity is the exclusive use of the property;
(5) tourism facilities; or
(6) space necessary for and related to the activities listed in clauses (1) and (5).
Subsection 1.7. Propertyto Be Acquired
The City of Rosemount Port Authority currently owns all property within the District including interior and
adjacent street rights of way.
Subsection 1.8. Estimate of Costs
Currently under consideration for the Rosemount Business Park Tax Increment Financing District is a
proposal to aid in the developmentofvarious manufacturing/industrial projects. The Authority has previously
issued bonds for land acquisition in the amount of $580,000 and for public improvements in the amount of
$1,630,000. In order to make development of the land feasible, the Authority has determined that it will be
necessary to fmance payment of such bonds in part with tax increments from the District rather than with
land sale proceeds and special assessments. It is assumed that there will be a need for an additional
$1,700,000 in public costs by the time the project is completed. Estimates of cost within the District are
subject to change. No more than 20 percent of the tax increment paid by property within the District will
be spent on activities related to public improvements outside the boundaries of the District but within the
boundaries of Redevelopment ProjectNo. l (including administrative costs, which are considered to be spent
outside of the District).
City of Rosemount Modified TW Plan for Rosemount Business Park TW District 4
suosection i .y tsonaea tnaemeaness
The Authority has previously issued bonds for land acquisition in the amount of $580,000 and for
improvements in the amount of $1,630,000. The Authority is authorized to apply tax increments
District toward payment of such bonds. It is assumed that there will be a need for an additional $1,7
in public costs by the time the project is completed
The City or Authority may issue tax increment bonds for the remainder of the cost for this I
Additional project costs may also be financed through pay -as- you -go tax increment financing. Th
principal amount of all bonds payable is whole or in part with tax increments is not expected to
$4,000,000.
(As Modified May 1, 2000)
This Modification is authorizing the issuance of up to an additional $3,000,000 in bonds.
authorized for bonds is $5,280,000.
Subsection 1.10. Sources of Revenue
Public improvement costs, acquisition,' relocation, and site preparation costs and other costs outline(
Estimate of Costs (Subsection 1.8) will be financed through the annual collection of tax increments a
other revenue source available to the Authority.
Subsection 1.11. Original Tax Capacity and Tax Rate
Pursuant to Minnesota Statutes, Section 469.174, Subdivision 7 and Section 469.177, Subdivision
City of Rosemount Modified Tff Plan for Rosemount Busimm Park TIF District
bond
the
total
Total
in the
id any
1, the
5
(As Modified May 1, 2000)
Following is the Modification to the budget. The increase in public improvement is for the in
in costs for road construction.
The budget is also being modified to reflect the authorization fo
issuance.
Qualified Costs
As adopted 3/6/96 As Modified 5/1/00
Total
Land Acquisition
$580,000
$0
$580,0(
Public Improvements
$3,330,000
$3,000,000
$6,330,0(
Contingency
$195,000
$0
$195,0(
Bond Principal
$2,280,000
$3,000,000
$5,280,0(
Bond Interest
$0
$1,800,000
$1,800,0(
Subtotal
$4,105,000
$7,800,000
$11,905,0
20% Economic Development Costs $821,000
$300,000
$1.121.0(
(including 10% cityadmin.)
TOTAL
$4,926,000
$8,100,000
$13,026,0
suosection i .y tsonaea tnaemeaness
The Authority has previously issued bonds for land acquisition in the amount of $580,000 and for
improvements in the amount of $1,630,000. The Authority is authorized to apply tax increments
District toward payment of such bonds. It is assumed that there will be a need for an additional $1,7
in public costs by the time the project is completed
The City or Authority may issue tax increment bonds for the remainder of the cost for this I
Additional project costs may also be financed through pay -as- you -go tax increment financing. Th
principal amount of all bonds payable is whole or in part with tax increments is not expected to
$4,000,000.
(As Modified May 1, 2000)
This Modification is authorizing the issuance of up to an additional $3,000,000 in bonds.
authorized for bonds is $5,280,000.
Subsection 1.10. Sources of Revenue
Public improvement costs, acquisition,' relocation, and site preparation costs and other costs outline(
Estimate of Costs (Subsection 1.8) will be financed through the annual collection of tax increments a
other revenue source available to the Authority.
Subsection 1.11. Original Tax Capacity and Tax Rate
Pursuant to Minnesota Statutes, Section 469.174, Subdivision 7 and Section 469.177, Subdivision
City of Rosemount Modified Tff Plan for Rosemount Busimm Park TIF District
bond
the
total
Total
in the
id any
1, the
5
Original Net Tax Capacity (ONTC) as certified for the District is based on the market values placed on the
property by the assessor in 1995 for taxes payable 1996. The total market value for both parcels is
$1,782,520. The tax capacity of the property when the tax increment district is certified in 1996 is estimated
to be 81,996.
Under Section 469.177, Subd. l (f) of the TIF Act, the County Auditor is required to increase the ONTC each
year by the average percent increase in the estimated market value of the TIF District during the five years
prior to certification. The applicable adjustment period would normally be assessment years 1990 through
1995. However, the property in the TIF District has been owned by the Authority and tax- exempt since
1994. The property was taxable in assessment years 1990 through 1993, which are used to calculate the
adjustment factor for the District in accordance with Minnesota Department of Revenue procedures.
Pursuant to Section 469.177, Subds. 1 and 2, of the Tax Increment Financing Act, the County Auditor shall
certify in each year (beginning in the payment year 1998) the amount by which the original value has
increased or decreased as a result of a:
I . change in tax exempt status of property;
2. reduction or enlargement of the geographic boundaries of the district;
3. change due to adjustments, negotiated or court- ordered abatements;
4. change in the use of the property and classification;
S. change in state law governing class rates.
In any year in which the current Net Tax Capacity value of the District declines below the ONTC, no value
will be captured and no tax increment will be payable to the Authority.
The original local tax rate for the District will be the local tax rate for 1996 taxes. Since the 1996 tax rate
had not been certified at the time of plan approval, the tax rate of 1.27969 is being used as an estimate.
Subsection 1.12. Estimated Captured Net Tax Capacity Value/Increment
Pursuant to Minnesota Statutes, Section 469.174 Subdivision 4 and Minnesota Statutes, Section 469.177,
Subdivisions 1, 2, and 4, the estimated Captured Net Tax Capacity (CTC) of the District upon completion
of all phases of the project, will annually approximate $355,351 or an annual tax increment of $429,142.
The Authority requests 100 percent of the available increase in tax capacity for repayment of debt and current
expenditures, beginning in the tax year payable 1998. The project tax capacity listed is an estimate of values
when the construction is completed.
City of Rosemount Modified TIF Plan for Rosemount Business Pak Tfi District 6
Average
1990/91
1993/94
Increase
% Increase
Annual
Increase
$213,000
$213,000
1 0
1 0%
1 0
Pursuant to Section 469.177, Subds. 1 and 2, of the Tax Increment Financing Act, the County Auditor shall
certify in each year (beginning in the payment year 1998) the amount by which the original value has
increased or decreased as a result of a:
I . change in tax exempt status of property;
2. reduction or enlargement of the geographic boundaries of the district;
3. change due to adjustments, negotiated or court- ordered abatements;
4. change in the use of the property and classification;
S. change in state law governing class rates.
In any year in which the current Net Tax Capacity value of the District declines below the ONTC, no value
will be captured and no tax increment will be payable to the Authority.
The original local tax rate for the District will be the local tax rate for 1996 taxes. Since the 1996 tax rate
had not been certified at the time of plan approval, the tax rate of 1.27969 is being used as an estimate.
Subsection 1.12. Estimated Captured Net Tax Capacity Value/Increment
Pursuant to Minnesota Statutes, Section 469.174 Subdivision 4 and Minnesota Statutes, Section 469.177,
Subdivisions 1, 2, and 4, the estimated Captured Net Tax Capacity (CTC) of the District upon completion
of all phases of the project, will annually approximate $355,351 or an annual tax increment of $429,142.
The Authority requests 100 percent of the available increase in tax capacity for repayment of debt and current
expenditures, beginning in the tax year payable 1998. The project tax capacity listed is an estimate of values
when the construction is completed.
City of Rosemount Modified TIF Plan for Rosemount Business Pak Tfi District 6
i
Additional Captured
Tax Capacity
due to new project
As approved 3/6/96 As Modified 511100
Estimated Project Tax Capacity $562,581 ' 65,700
Original Tax Capacity 8199 13 23
Gross Captured Tax Capacity 480,585 5 ,477
Fiscal Disparities Tax Capacity (32.0% est.) (145,233 16 793
Net Captured Net Capacity $335,352 3 ,684
The Authority elects the calculation of tax increment under Section 469.177, subd. 3(b), which means that
fiscal disparities contribution will be made from inside the District.
Subsection 1.13. Duration of the District
Pursuant to Minnesota Statutes, Section 479.175, Subdivision 1, and Section 469.176, Subd.1, the duration
of the District must be indicated within the Plan. Pursuant to Minnesota Statutes, Section 4 9.176,
subdivision 1(b), the duration of the District will be 11 years from the date ofthe adoption ofthe Plan r nine
years after the date of receipt of the first tax increment. The date of receipt by the Authority of the f rst tax
increment will be :approximately July 1998. Thus, it is estimated that the District, includhig any
modifications of the Plan for subsequent phases or other changes, would terminate after in March 2007 at
the latest, with the last full year of increment collected in 2006, or when the goals ofthe Plan have be n met.
The Authority does reserve the right to decertify the District prior to the legally required date.
Subsection 1.14. Estimated Impact on Other Taxing Jurisdictions
The estimated impact on other taxing jurisdictions assumes construction which would have occurred ithout
the creation of the District. If the construction is a result of tax increment financing, the impact is $0 t other
entities. Notwithstanding, the fact that the fiscal impact on the other taxing jurisdictions is $0 due to a fact
that the construction would not have occurred without the assistance of the City, the following est mated
impact of the District would be as follows if the "but for" test was not met:
EVIPACT ON TAX CAPACITY
Estimated Captured
1995/96 Proposed Tax Capacity (CTC) Percent. of CT
Taxing Jurisdiction Tax Capacity Upon Project to Enti To 1
Completion
Dakota County $278,056,035 335,352 0.12%
ISD No. 196 99,028,299 335,352 0.37% j
City of Rosemount 11.281.985 335.352
Total $388,366,319 335,352 0.09%
City of Rosemount Modified TIF Plan for Rosemount Business Pads TW District 7
IMPACT ON TAX RATES
1995/96 Proposed Percentage
Tax CApacLty Rates of Total CTC Taxes
Dakota County 0.26626 20.7097% 335,352 ` 88,875
ISD No. 196 _0.60830 47.4920% 335,352 203,810
City of Rosemount 0.36055 28.0943% 335,352 120,566
Other 0.05108 3.7040% 335.352 15,896
Total 1.28619 100.0000% 335,352 429,147
The estimates listed above display the captured tax capacity when all construction is completed. The tax rate
used for calculations is the 1995/Pay 1996 proposed rate. The total net capacity for the entities listed above
are based on Pay 1996 figures.
(As Modified May 1, 2000)
The estimated impact on other taxing jurisdictions assumes construction which would have occurred
without the Modification of the District. If the construction is a result of tax increment financing, the
impact is $0 to other entities. Notwithstanding, the fact that the fiscal impact on the other taxing
jurisdictions is $0 due to the fact that the construction would not have occurred without the assistance
of the City, the following estimates are the additional impact of the District due to the new project
proposed for the Rosemount Business Park Tax Increment Financing District if the "but for" test was
not met:
IMPACT ON TAX CAPACITY
Estimated Captured
1999/2000 Proposed Tax Capacity (CTC) Percent of CTC
Taxing Jurisdiction Tax Capacity Upon Project Completion to Entity Total
Dakota County $267,414,140 35,700 0.013%
ISD No. 196 100,355,510 35,700 0.036%
City of Rosemount 10,588,514 35,700 0.337%
Total $378,358,164 35,700 0.386 %
IMPACT ON TAX RATES
1995/96 Percentage
Tax CaRaci1y Rates of Total CTC Taxes
Dakota County 0.26626 20.7015 % 35,700 9,505
ISD No. 196 0.60830 47.2947% 35,700 21,716
City of Rosemount 036055 28.0324% 35,700 12,872
Other 0.05108 3.9714% 35,700 1.824
Total 1.28619 100% 35,700 45,917
city or ftwmow NbafiW TW wan row Rosanount Bunn= Park Tff Dist is 8
The estimates listed above display the captured tax capacity when all construction is completid. The
tax rate used for calculations is the frozen 1995/Pay 1996 rate. The total net capacity for the entities
listed above are based on Pay 2000 figures.
Subsection 1.15. Modifications to the District
In accordance with Minnesota Statutes, Section 469.175, Subdivision 4, any reduction or enlargement of the
geographic area of the project or tax increment financing district, increase in amount of bonded inde tedness
to be incurred, including a determination to capitalize interest on debt if that determination was not a part
of the original plan, or to increase or decrease the amount of interest on the debt to be capitalized; ncrease
in the portion of the captured tax capacity to be retained by the Authority; increase in total estim ited tax
increment expenditures; or designation of additional property to be acquired by the Authority hall be
approved upon the notice and after the discussion, public hearing and findings required for approv il of the
original plan. The geographic area of a tax increment financing district may be reduced, but sha 1 not be
enlarged after five years following the date of certification of the original tax capacity by the county auditor.
Modifications to the District in the form of a budget modification or an expansion of the boundaries will be
recorded in this subsection of the Plan.
Subsection 1.16. Administrative Expenses
In accordance with Minnesota Statutes, Section 469.174, Subdivision 14, and Minnesota Statutes, Section
469.176, Subdivision 3 administrative expenses means all expenditures of an authority other than ounts
paid for the purchase of land or amounts paid to contractors or others providing materials and services,
including architectural and engineering services, directly connected withthephysicaldevelopmento the real
property in the district, relocation benefits paid to or services provided for persons residing or businesses
located in the district or amounts used to pay interest on, fund a reserve for, or sell at a discount bonds issued
pursuant to Section 469.178. Administrative expenses also include amounts paid for services pro ided by
bond counsel, fiscal consultants, and planning or economic development consultants. No tax increm nt shall
be used to pay any administrative expenses for a project which exceed ten percent of the total tax increment
expenditures authorized by the tax increment financing plan or the total tax increment expenditure for the
project, whichever is less.
Pursuant to Minnesota Statutes, Section 469.176, Subdivision 4h, tax increments may be used to pa for the
county's actual administrative expenses incurred in connection with the District. The county may require
payment of those expenses by February 15 of the year following the year the expenses were incurred.
Subsection 1.17. Limitation of Increment
Pursuant to Section 469.176, Subd.1, of the Tax Increment Financing Act, no tax increment shall be paid
to the Authority for the Tax Increment Financing District after three (3) years from the date of certification
of the Original Net Tax Capacity value of the taxable property in the Tax Increment Financing Di- trict by
the County Auditor unless within the three (3) years period:
(a) bonds have been issued pursuant to Section 469.178, or in aid of the Project
pursuant to any other law, except revenue bonds issued pursuant to Section
469.152 to 469.165, or
(b) the Authority has acquired property within the Tax Increment Financing
District, or
i
City of Rosemount Mod ied TIF Plan for Rosemount Business Park Tff District 9
(c) the Authority has constructed or caused to be constructed public
improvements within the Tax Increment Financing District.
The bonds must be issued, or the Authority must acquire property or constructor cause public improvements
to be constructed by approximately March 1999.
The tax increment pledged to the payment of bonds and interest thereon may be discharged and the Tax
Increment District may be terminated if sufficient funds have been irrevocably deposited in the debt service
fund or other escrow account held in trust for all outstanding bonds to provide for the payment of the bonds
at maturity or redemption date.
Pursuant to Minnesota Statutes, Section 469.176, Subdivision 6,
If, after four years from the date of certification of the original tax capacity of the tax
incrementfinancingdistrictpursuant to Minnesota Statutes, Section 469.177, no demolition,
rehabilitation or renovation of property or other site preparation, including qualified
improvement of a street adjacent to a parcel but not installation of utility service including
sewer or water systems, has been commenced on a parcel located within a tax increment
financing district by the authority or by the owner of the parcel in accordance with the tax
increment financing plan, no additional tax increment may be taken from that parcel and
the original tax capacity of that parcel shall be excluded from the original tax capacity of
the tax increment financing district. If the authority or the owner of the parcel subsequently
commences demolition, rehabilitation or renovation or othersitepreparation on thatparcel
including improvement of a street adjacent to that parcel, in accordance with the tax
increment financing plan, the authority shall certify to the county auditor in the annual
disclosure report that the activity has commenced. The county auditor shall certify the tax
capacity thereof as most recently certified by the commissioner of revenue and add it to the
original tax capacity of the tax increment financing district. The county auditor must
enforce the provisions of this subdivision... For purposes of this subdivision, qualified
improvements are limited to (1) construction or opening of a new street, (2) relocation of
a street, and (3) substantial reconstruction or rebuilding of an existing street.
The Authority or a property owner must improve parcels within the District by approximately March 2000.
Subsection 1.18. Limitation on Use of Tax Increment
All revenues derived from tax increment shall be used in accordance with the tax increment financing plan,
pursuant to Minnesota Statutes, Section 469.176, Subdivision 4c. The Authority will also comply with the
"five year rule" under Section 1763, subd. 3 of the TIF Act, which generally provides that increment will be
considered spent on an activity within the TIF District only if (1) the increment is actually paid to a third
party within five years after certification of the District, (2) increment is used to pay bonds sold to a third
party within the five -year period, (3) increment spent under a contract entered with a third party within the
five -year period; or (4) costs are paid within the five -year period and increment is used to reimburse a party
for such costs, including interest. For the purposes of this rule, a "third - party" excludes the City, the
Authority and the developer receiving the assistance.
City of Rosemount Modified Tff Plan for Rosemount Business Park TIF District 10
Subsection 1. 19. Notification of Prior Planned Improvements
The Authority shall, after due and diligent search, accompany its request for certification to the
Auditor or its notice of Tax Increment Financing District enlargement with a listing of all propertie
the Tax Increment Financing District or area of enlargement for which building permits have bee .
during the eighteen (18) months immediately preceding approval of the tax increment financing pla
municipality pursuant to Section 469.175, Subd. 3, ofthe Tax Increment FinancingAct. The County
shall increase the original value of the Tax Increment Financing District by the value of improvers
which a building permit was issued.
Pursuant to Minnesota Statutes, Section 469.177, Subdivision 4, the Authority has reviewed the ai
included in the District and found that no building permits had been issued during the 18
immediately preceding approval of the Plan by the City. If the building permit had been issued w.
18 month period preceding approval of the plan by the City, the county auditor shall increase the oril
capacity of the district by the valuation of the improvements for which the building permit was is
Subsection 1.20. Excess Tax Increments
Pursuant to Minnesota Statutes, Section 469.176, Subdivision 2, in any year in which the tax in
exceeds the amount necessary to pay the costs authorized by the tax increment plan, including the
necessary to cancel any tax levy as provided in Minnesota Statutes, Section 475.61, Subdivisic
Authority shall use the excess amount to do any of the following:
1. prepay the outstanding bonds;
1. discharge the pledge of tax increment therefor;
3. pay into an escrow account dedicated to the payment of such bond; or
4. return the excess to the County Auditor for redistribution to the respective
jurisdictions in proportion to their tax capacity rate as provided in Minnesota
Section 469.176, Subd. 1.
Subsection 1.21 Requirements for Agreements with the Developer
The Authority will review any proposal for private development to determine its conformance
Redevelopment Plan and with applicable municipal ordinances and codes. To facilitate this of
following documents may be requested for review and approval: site plan, construction, mechani
electrical system drawings, landscaping plan, grading and storm drainage plan, signage system plan,
other drawings or narrative deemed necessary by the City to demonstrate the conformance
development with city plans and ordinances.
Pursuant to Section 469.176, Subd. 5, of the Tax Increment Financing Act, no more than 10 percen
by acreage, of the property to be acquired in the Tax Increment Financing District as set forth it
increment financing plan shall at any be owned by the City or Authority as a result of acquisit
the proceeds of bonds issued pursuant to Section 469.178, of the Tax Increment Financing Act, wit
City or Authority having, prior to acquisition in excess often percent (10 %) of the acreage, concl
agreement for the development or of the property acquired and which provides recourse for the
Authority should the development not be completed.
County
within
i issued
n by the
for
to be
the
tax
13, the
taxing
ith the
►rt, the
al, and
nd any
of the
(10 %),
the tax
:)n with
lout the
lded an
City or
City of Rosemount Modified TrF Plan for Rosemount Business Park TW District 1
Subsection 1.22. Assessment Agreements
Pursuant to Minnesota Statutes, Section 469.177, Subdivision 8, the Authority may enter into an agreement
in recordable form with the developer of property within the tax increment financing district which
establishes a minimum market value ofthe land and completed improvements for the duration ofthe District.
The assessment agreement shall be presented to the assessor who shall review the plans and specifications
for the improvements constructed, review the market value previously assigned to the land upon which the
improvements are to be constructed and, so long as the minimum market value contained in the assessment
agreement appear, in the judgment of the assessor, to be a reasonable estimate, the assessor may certify the
minimum market value agreement.
Subsection 1.23. Administration of the District
Administration of the District will be the responsibility of the Executive Director of the Authority.
Subsection 1.24. Financial Reporting Requirements
Pursuant to Minnesota Statutes, Section 469.175, Subdivisions 5, 6, and 6(a), an authority must file an annual
disclosure report for all tax increment financing districts with the Office of the State Auditor, the county
board, school board, and Department of Revenue.
Pursuant to Section 469.175, Subd. 5, ofthe Tax Increment Financing Act, the Authority must file an annual
disclosure report for the Tax Increment Financing District. The report shall be filed with the County board,
county auditor, school board, and the State Auditor. The report to be filed by the Authority shall include the
following information:
1. the amount and source of revenue in the tax increment account;
2. the amount and purpose of expenditures from the account;
3. the amount of any pledge of revenues, including principal and interest, on any outstanding
bond indebtedness;
4. the original net tax capacity of the Tax Increment Financing District;
5. the captured value retained by the Authority;
6. the captured value shared with other taxing districts;
7. the tax increment received;
8. any additional informationto demonstratecompliance with the tax increment financing plan.
Section 469.175, Subd. 5, of the Tax Increment Financing Act also provides that an annual statement
showing the tax increment received an expended in that year, the original value, captured value, amount of
outstanding bonded indebtedness, the amount ofthe district's increments paid to other governmental bodies,
the amount paid for administrative costs, the sum of increments paid, directly or indirectly, for activities and
improvements located outside ofthe district, and any additional information the Authority deems necessary
shall be published in a newspaper of general circulation in the City.
Pursuant to Minnesota Statutes, Section 469.175, Subd. 6, ofthe Tax Increment Financing Act, the City must
annually submit to the State Auditor, on or before 4uly4 August 1, a financial report which shall:
1 provide for full disclosure of the sources and uses of the public funds in the district;
2. permit comparison and reconciliation with the City's accounts and financial reports;
City of Rosemount Modified TIF Plan for Rosma mt Business Park TIF District 12
-3. permit auditing of the funds expended on behalf of the tax increment district; and
4. be consistent with generally accepted accounting principles.
The financial report must also include the following:
I . the original net tax capacity of the district;
2. the captured net tax capacity of the district, including the amount of any captured
capacity shared with other taxing districts;
3. for the reporting period and for the duration of the district, the amount budgeted ur
tax increment financing plan, and the actual amount expended for, at lest, the fol
categories:
a. acquisition of land and buildings through condemnation or purche
b. site improvements or preparation costs;
C. installation of public utilities, parking facilities, streets, roads, sid,
or other similar public improvements;
d. administrative costs, including the allocated cost of the authority;
e. public park facilities, facilities for social, recreational, or con
purposes, or other similar public improvements;
4. for properties sold to developers, the total costs of the property to the authority and t]
paid by the developer;
5. the amount of increments rebated or paid to developers or property owners for pi
financed improvements or other qualifying costs.
Pursuant to Minnesota Statutes, Section 469.175, subdivision 6a, the City must also annually repot
State Auditor before or on- trly -l- August 1 of each year the following amounts for the entire City:
tax
the
price
to the
1. the total principal amount of nondefeased bonds that are outstanding at the end of the
previous calendar year; and
2. the total annual amount of principal and interest payments that are due for the cuffent
calendar year on (i) general obligation tax, increment financing bonds and (ii) other tax
increment financing bonds.
and for each tax increment financing district within the City:
1. the type of tax increment financing district;
2. date on which the district is required to be decertified;
3. amount of any payments and the value of in -kind benefits, such as physical improv ments
and the used of building space, that are financed with revenues derived from increments and
are provided to another governmental unit (otherthan the municipality) during the preceding
calendar year;
4. the tax increment revenues for taxes payable in the current calendar year;
5. whether the tax increment financing plan or other governing document permits inc ement
revenues to be expended outside of the tax increment financing district;
6. any additional information that the State Auditor may require.
I
Copies of this report must also be provided to the county and school district boards.
i
City of Rosemount Modified Tff Plan for Rosemount Business Pak TW Dishict 1 13
Subsection 1.25. Municipal Approval and Public Purpose
Pursuant to Minnesota Statutes, Section 469.175, Subdivision 3, before or at the time of approval of the tax
increment financing plan, the municipality shall make the following findings and shall set forth in writing
the reasons and supporting finds for each determination:
1. Finding that the District is an Economic Development District as defined in Minnesota Statutes,
Section 469.174, Subdivision 11.
The District qualifies as an Economic Development District because the facilities will increase
employment in the state and because less than 15 percent of space necessary in the new and existing
facilities will be comprised of unallowable uses.
2. Finding that the proposed development, in the opinion of the Council, would not occur solely
through private investment within the reasonably foreseeable future and, therefore, the use of tax
increment financing is deemed necessary and that the increased market value of the site that could
reasonably be expected to occur without the use of tax increment financing would be less than the
increase in the market value estimated to result from the proposed development after subtracting the
present value of the projected tax increments for the maximum duration of the district permitted by
the plan.
The high costs of new development including land acquisition and assessments for commercial and
industrial uses is a detriment to the expansion and attraction of industry in and to the City.
A comparative analysis of estimated market values both with and without establishment of the
Rosemount Business Park Tax Increment Financing District and the use of tax increments has been
performed as described above. Such analysis is on file with the City, and indicates that the increase
in estimated market value of the proposed development (less the indicated subtractions) exceeds the
estimated market value of the site absent the establishment of the Rosemount Business Park Tax
Increment Financing District and the use of tax increments. (See Cash flow in Appendix C)
3 Finding that the Tax Increment Financing Plan for the District conforms to the general plan for the
development or redevelopment of the municipality as a whole.
The Rosemount Business Park Tax Increment Financing District is properly zoned and the tax
increment financing plan will generally compliment and serve to implement policies adopted in the
City's comprehensive plan.
(As Modified May 1, 2000)
The Planning Commission reviewed the Modifications on April 11, 2000 and reaffirms that
the Modifications conform to the comprehensive plan of the City.
4. Finding that the Tax Increment Financing Plan for the District will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for the development of Redevelopment
Project No. I by private enterprise.
The City's control of the site and utilities and the ability to provide assistance based upon specific
City of Rosemount Modified TEF Plan for Rosemount Business Pads Tff District 14
i
needs of the developments will increase its ability to promote orderly and high quality cons ction
within the City and stable employment for the community as a whole.
Subsection 1.26. State Tax Increment Financing Aid
Pursuant to Minnesota Statutes, Section 273.1399, for tax inchmentfinancingdistrictsforwhich certification
was requested after April 30, 1990, a municipality incurs a reduction in state tax increment financing aid
(RISTIFA) applied to the municipality's Local Government Aids (LGA) first and, Homestead and
Agricultural Aid (HACA) second, in an amount equal to a formula based upon the equalized qua ifying
captured tax capacity (QCTC) of the tax increment financing district.
Pursuant to Minnesota Statutes, Section 273.1399, Subdivision 6, for tax increment financing districts
certified after June 30, 1994, the City may choose an option to the LGA -HACA penalty. A tax increment
financing district is exempt if the City elects at the time of approving the tax increment financing plan to
make a qualifying local contribution. To qualify for the exemption in each year, the City must ake a
qualifying local contribution to the project of a certain percentage. The local contribution for an Eco omic
Development District is 10 percent. The maximum local contribution for all districts in the City is 1 mited
to two percent of the City's net tax capacity.
i
The amount of the local contribution must be made out of unrestricted money of the authority or
municipality, such as the general fund, a property tax levy, or a federal or a state grand -in -aid which may be
spent for general government purposes. The local contribution may not be made, directly or indirectly, with
tax increments or developer payments. The local contribution must be used to pay project costs and cannot
be used for general government purposes.
The City elects to make the annual local contribution to the project to exempt itself from the LGA -"CA
penalty. I
Subsection 1.27. Fiscal Disparities Election
Pursuant to Minnesota Statutes, Section 469.177, Subdivision 3, the governing body may elect one ' f two
methods to calculate fiscal disparities. It the calculations pursuant to Minnesota Statutes, Section 46 .177,
subdivision 3, clause a, are followed the following method of computation shall apply:
(1) The original tax capacity and the current tax capacity shall be determined before the a,
of the fiscal disparity provisions of Chapter 473F. Where the original tax capacity is e
greater than the current tax capacity, there is no captured tar capacity and no tax
determination. Where the original tax capacity is less than the current tax capacity, the
between the original tax capacity and the current tar capacity is the captured tax capa
amount less any portion thereof which the authority has designated in its tax increment
plan, to share with the local taxing districts is the retained captured tax capacity of the
(2) The county auditor shall exclude the retained captured tax capacity of the authorityfrom the tt
value of the local taxing districts in determining local taxing district tax capacity rates. 7
capacity rates so determined are to be extended against the retained captured tax capacity
authority as well as the taxable value of the local taxing districts. The tax generated
extension of the lesser of (A) the local taxing district tax capacity rates or (B) the origin
capacity rate to the retained captured tax capacity of the authority is the tax increment
to or
ment
,ence
This
icing
wity.
:able
e tax
f the
v the
I tax
f the
City of Rosemount Modified 71F Plan for Rosemount Business Pads TIF District is
authority.
If the calculations pursuant to Minnesota Statutes, Section 469.177, subdivision 3, clause b, are followed,
the following method of computation shall apply:
(1) The original tax capacity shall be determined before the application ofthe)4cal disparityprovisions
of chapter 473F. The current tax capacity shall exclude any fiscal disparity commercial - industrial
tax capacity increase between the original year and the current year multiplied by the fiscal
disparity ratio determined pursuant to section 473F.08, subdivision 6 Where the original tax
capacity is equal to or greater than the current tax capacity, there is no captured tax capacity and
no tax increment determination. Where the original tax capacity is less than the current tax
capacity, the difference between the original tax capacity and the current tax capacity is the
captured tax capacity . This amount less any portion thereof which the authority has designated, in
its tax increment financing plan, to share with the local taring districts is the retained captured tax
capacity of the authority.
(2) The county auditor shall exclude the retained captured tax capacity ofthe authorityfrom the taxable
value of the local taxing districts in determining local taxing district tax capacity rates. The tax
capacity rates so determined are to be extended against the retained captwed tax capacity of the
authority as well as the taxable value of the local taxing districts. The tax generated by the
extension of the less of (A) the local taxing district tax capacity rates or (B) the original tax capacity
rate to the retained captured tax capacity of the authority is the tax increment of the authority.
The Authority shall submit to the County Auditor at the time of the request for certification which method
of computation of fiscal disparities the authority elected. The City of Rosemount will choose to calculate
fiscal disparities by clause b.
According to Minnesota Statutes, Section 469.177, Subdivision 3:_
(c) The method of computation of tax increment applied to a district pursuant to paragraph (a) or
(b) shall remain the same for the duration of the district, except that the governing body may
elect to change its election from the method of computation in paragraph (a) to the method in
paragraph (b).
Subsection 1.28. County Road Costs
Pursuant to Minnesota Statutes, Section 469.175, Subdivision I a, the county board may require the authority
to pay for all or part of the cost of county road improvements if the proposed development to be assisted by
tax increment will in the judgement of the county, substantially increase the use of county roads requiring
construction of road improvements or other road costs and ifthe road improvements are not scheduled within
the next five years under a capital improvement plan or other county plan.
The improvements outlined in the Plan serve as notice to the county that the development of the residential
facilities will be assisted with tax increment. In the opinion of the Authority and consultants, the proposed
development will have little or no impact upon county roads. If the county elects to use increments to
improve county roads, it must notify the Authority within thirty days of receipt of this plan.
City of Rosemount Modified TIE Plan for Rosemount Business Park W District 16
Subsection 1.29. Economic Develovment and Job Creation
The City agrees to comply with Minnesota Statutes, Section 116J.991(to the extent such statute is or remains
applicable), which states that a business receiving state or local government assistance for economic
development or job growth purposes, including tax increment financing, must create a net increase in jobs
in Minnesota and meet specified wage goals within two years of receiving assistance (See Appendix D).
Subsection 1.30. Summary
I
The City and Authority are establishing the Rosemount Business Park Tax Increment Financing Disirict to
preserve and enhance the tax base of the City and to provide employment opportunities for the residents of
the City. The Tax Increment Financing Plan for the Rosemount Business Park Tax Increment Financing
District was prepared by Ehlers and Associates, Inc., 3060 Centre Pointe Drive, Roseville, Minnesota 5113,
telephone (651) 697 -8500.
City of Rosemount Modified TIF Plan for Rosemount Business Park TIF District 17
i
I
APPENDIX A
BOUNDARY MAP OF REDEVELOPMENT PROJECT NO. I AND
THE ROSEMOUNT BUSINESS PARK TAX INCREMENT FINANCING DISTRICT
Appendix A -1
Rosemount Business Park TIF District
•— Development District No. 1 Jj •c • ' -
City of Rosemount •�
Dakota County, Minnesota •�' •
OEM,/•., • • '
�4 /� � f , •�. 1. . • l . � • � i
• i•!•l�t.i I• j• �• � —�+c�l �-�j 1
w.
U-5 r4
NIC
/wrte ,�.. •, ��•.•�'•1 « _ k_ j
,. AGMCULTuRAL
I
Rosemount j(
• .r' 4+" Business
••� ... Park TIF District
32-/
STATII
d
i
i
APPENDIX B
i
I
LEGAL DESCRIPTION FOR
THE ROSEMOUNT BUSINESS PARK TAX INCREMENT FINANCING DISTRIC
The District encompasses all property and adjacent rights -of -way identified by the parcel ider tification
numbers listed below:
PID No. 34- 64550- 010 -00
PID No. 34- 64550- 010 -01
(As Modified May 1, 2000)
As stated in Subsection 1.5, the original parcels in the Rosemount Business Park Tax I crement
financing District have been subdivided. Listed below are the current PID numbers for that roperty:
Parcel Numbers:
34- 64550 - 010-01
34- 64551- 010 -00
34- 64551- 020 -00
34- 64551- 010 -01
34- 64551- 020 -01
34- 64551- 030 -01
i
Appends
B-1
s
APPENDIX C
CASH FLOW FOR
ROSEMOUNT BUSINESS PARK TAX INCREMENT FINANCING DISTRICT
Following is the cash now that represents the captured tax capacity for the additional project only.
City of Rosemount
Base
EXISTING DISTRICT - AT REDUCED CLASS RATES
Gross
Fiscal
Net
T.I.F. CASH FLOW ASSUMPTIONS - LOCAL MATCH
Admim.
Semi - Annual
PAYMENT DATE
Inflation Rate:
0.0000%
Tax
Tax
Taxable Bond Rate:
7.750%
Capatured
Gross Tax
Tax Extension Rate Current:
1.261450
PERIOD ENDING
Yrs.
Tax Extension Rate Certified:
1.281619
Capacity
ci
Fiscal Disparities - Clause B:
32.00%
Pay 19
Increment
Original Tax Capacity Inflation Rate:
0,000/0
Yrs.
Mth.
BASE VALUE INFORMATION
0.0
02-01
2000
Market Class Tax Percent
Value Rate Capacity Used
Net Tax
Capacity
Payab
Year
e
3464551- 010 -00 388,900 2.4 % -3.40/2 13,223 100.00%
13,223
Pay 199
0
0.0
08-01
2000
0.0
PROJECT VALUE INFORMATION
2000
13,223
13,223
Total Sq. Ft. Market Total Class Total
Year
Year
0
S . Ft. Value Tax Capacity Rate Market Value
Started
Payab
e
Industrial 70,000 $32.00 65,700 2.0% -3.00/a 2,240,000
2000
2002
2001
13,223
13,223
0
0
TAY 1fW!" 0 AdT. Wm 11 A CZI Tcr d% X7
0
0
0
Page
RM100.02 Prepared by Publ' �D Inc.
PLAN -2000
Base
Project
Gross
Fiscal
Net
Semi - Annual
Admim.
Semi - Annual
PAYMENT DATE
PERIOD BEGINNING
Tax
Tax
Capatured
Disparities
Capatured
Gross Tax
at
Net Tax
PERIOD ENDING
Yrs.
Mth.
Yr.
Capacity
ci
Tax Capacity
32.00%
Tax Capacity
Increment
10.25%
Increment
Yrs.
Mth.
Yr.
0.0
02-01
2000
13,223
13,223
0
0
0
0
0
0
0.0
08-01
2000
0.0
08 -01
2000
13,223
13,223
0
0
0
0
0
0
0.0
02 -01
2001
0.0
02 -01
2001
13,223
13,223
0
0
0
0
0
0
0.0
08-01
2001
0.0
08-01
2001
13,223
13,223
0
0
0
0
0
0
0.0
02 -01
2002
0.0
02 -01
2002
13,223
65,700
52,477
(16,793)
35,684.
22,507
(2,307)
20,200
0.5
08-01
2002
0.5
08-01
2002
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
1.0
02 -01
2003
1.0
02-01
2003
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
1.5
08-01
2003
1.5
08.01
2003
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
2.0
02 -01
2004
2.0
02 -01
2004
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
2.5
08-01
2004'
2.5
08-01
2004
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
3.0
02 -01
2005
3.0
02-01
2005
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
3.5
08-01
2005
3.5
08 -01
2005
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
4.0
02-01
2006
4.0
02 -01
2006
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
4.5
08-01
2006
4.5
08-01
2006
13,223
65,700
52,477
(16,793)
35,684
22,507
(2,307)
20,200
5.0
02 -01
2007
5.0
02 -01
2007
65,700
65,700
0
0
0
0
0
0
5.5
08-01
2007
5.5
08-01
2007
65,700
65,700
0
0
0
0
0
0
6.0
02 -01
2008
6.0
02 -01
2008
65,700
65,700
0
0
0
0
0
0
6.5
08-01
2008
6.5
08-01
2008
65,700
65,700
0
0
0
0
0
0
7.0
02 -01
2009
7.0
02 -01
2009
65,700
65,700
0
0
0
0
0
0
7.5
08-01
2009
7.5
08-01
2009
65,700
65,700
0
0
0
0
0
0
8.0
02 -01
2010
8.0
02 -01
2010
65,700
65,700
0
0
0
0
0
0
8.5
08-01
2010
8.5
08-01
2010
65,700
65,700
0
0
0
0
0
0
9.0
02 -01
2011
Totals
23,070
202,000
Present Values
16,172
141,607
RM100.02 Prepared by Publ' �D Inc.
PLAN -2000
APPENDIX D
MINNESOTA BUSINESS ASSISTANCE FORM
(MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT)
AMSMIR
D-1
rITV nG RncFn/Ln1 INIT
AFFIDAVIT OF MAILED AND POSTED HEARING NOTICE
FOR
SECTION 31 SANITARY SEWER IMPROVEMENTS
CITY PROJECT #317
CITY HALL
?875 — 145th Street West
Rosemount, MN
55068 -4997
P one:651- 423 -4411
ri g Impaired 651 - 423 -6219
lFax: 651 - 423 -5203
I
i
STATE OF MINNESOTA )
COUNTY OF DAKOTA )ss.
CITY OF ROSEMOUNT )
Linda Jentink, being first duly sworn, deposes and says:
I am a United States Citizen and the duly qualified Clerk of the City of Ros mount,
Minnesota.
On April 21, 2000, acting on behalf of the said City, I posted at the City Hall, 2875
145th Street West, and on April 21, 2000 deposited in the United States Pot Office
of Rosemount, Minnesota, copies of the attached notice of public hearing regarding
the proposed .Section 31 _Sanitary Sewer Improvements and appurtenant work for
City Project #317, enclosed in sealed envelopes, with postage thereon fully prepaid,
addressed to the persons listed on the attached listings at the addresses lis ed with
their names.
There is delivery service by United States Mail between the place of mailing and the
places so addressed.
c v
Linda Jentin
City Clerk
City of Rosemount
Dakota County, Minnes to
Subscribed and sworn to before me this :Z / day of April, 2000.
wws
CINDY DORNIDEN
N0rARYPt M- MItVtEMMS Notary Public
UsCmduim WpinJon.34, 2==
s a
CITY OF ROSEMOU NT
Everything's Coming Up Rosemount!!
PUBLIC NOTICE
NOTICE OF PUBLIC HEARING ON IMPROVEMENTS
SECTION 31 SANITARY SEWER IMPROVEMENTS
CITY PROJECT #317
TO WHOM IT MAY CONCERN:
NOTICE IS HEREBY GIVEN, that the City Council of the City of Rosemount, M
will meet at 8:00 o'clock p.m. or as soon thereafter as possible, Monday,
2000 in the Council Chambers of the City Hall, 2875 145th Street West, to
the following improvements:
City Project #317 .- Section 31 Sanitary °Sewer Improvements
The nature of- improvements, shall include the construction of sanitary se;
appurtenant work.
The total estimated cost of said improvements is $220,000.
The area proposed to be assessed for the foregoing improvements would br-
area generally described as the following Parcel Identification Numbers: 34
012 -73; 019 -70; 014 -70 011 -65; 023 -70 as recorded in the City of Ros
Dakota County, Minnesota
Such person(s) as desires to be heard with reference to the proposed improN
will be heard at this meeting. Written or oral opinion will be considered.
Dated this 18th day of April, 2000.
BY ORDER OF THE CITY COUNCIL.
CITY WALL
5 — 145th Street West
Rosemount, MN
55068.4997
one: 651.423 -4411
I Impaired 651- 423 -6219
ax: 651.423 -5203
inesota
Oay 2,
)nsider
r and
all that
)3216
mount,
ements
Linda Jentink, '1ty Clerk'
City of Rosemount
Dakota County, Minnesota
Auxiliary aids and services are available - Please contact City Clerk at (65 1) 22-
2003, or TDD No. (651)423 -6219, no later than April 26, 2000, to make a
request. Examples of auxiliary aids or services may include: sign language
interpreter, assistive listening kit, accessible meeting location, etc
MAILING LIST
SECTION 31 SANTIARY SEWER IMPROVEMENTS
CITY PROJECT #317
PID NUMBER
LAST NAME
FIRST NAME
MAILING ADDRESS
CITY,STATE,ZIPCODE
34- 03210 - 012 -73
MAPCO, INC.
15938 So Robert Trail
Rosemount, MN 55068
34- 03210- 019 -70
Car Nav five
2238 Edgewood Ave S
Minneapolis, MN 55426
34- 03210- 014 -70
Murgic
Michael S
3670 155th Street West
Rosemount, MN 55068
34-03210-011-65
Hammel
Dottie S
206 Central Ave
Wayzata, MN 55391
34- 03210 - 023 -70
Car Nav Five
2238 Edgewood Ave S
Minneapolis, MN 55426
The Rosemount Town Pages
CITY BOF ROSEMOUNT
LICNOTIC
PUBLIC NOTICE
AFFIDAVIT OF PUBLICATION
NOTICE OF PUBLIC HEARING ON
IMPROVEMENTS
SECTION 31 SANITARY SEWER IMPROVEA
IENTS
CITY PROJECT #317
Chad Richardson, being duly sworn, on oath says that he is an authorized
To WHOM IT MAY CONCERN:
agent and employee of the publisher of the newspaper, known as The
Rosemount Town Pages, and has full knowledge of the facts which are
xoilcE is HEREBY GIVEN, that the city Cc
the City ofRosemotmt , Minnesota will meet at8:
uncil of
o'clock
stated below:
pm. or as soon thereafter as Possible, Monday,
2000 in the Council Chambers of the City Hall, 2875
May 2,
145th
(A) The newspaper has complied with all of the requirements constituting
Street west, to consider the followingimprovemen
qualification as a legal newspaper, as provided by Minnesota Statutes
city Project #317 - Section 31 Sanitary
Sewer
331A.02, 331A.07,j1d other applica le laves, as amended.
Improvements
(B) The printed `` `� �. O �?l.om n RA `Q , `-'
The nature of improvements shall include the construction
of sanitary sewer and appurtenant work.
The total estimated cost of said improvements is $2
20,000.
The area proposed to be assessed for the lbregoing
improvements Parcel Id ratification Numbers: 3
the following Parcel Identification Numbers: 3
'bed as
32]0.
which is attached, was cut from the columns of said ews a er, and was
[� p
ptinted and published once each week for successive
p
012 -73; 019 -70; 014 -70; 011.65; 023.70 as recorded
the City of Rosemount, Dakota County, Minnesota
in
eeks, it was first published
-and
a eo me
000 and waslthe e fte 1 published onaeve y
pr � im rov�, nts will be h as ie�
Fri a including Friday, the — ------------------- - - - - -- day of
2000; and printed below is a copy of the
Dated this l8th day ofApa 2000.
lower case alphabet from A to Z, both inclusive, which is hereby
BY ORDER OF THE CITY COUNCIL. ;
acknowledged as being the size and kind of type used in the composition
and publication of the notice: c
LinaaJentink city clerk
City of Rosemount
Dakota County, Minnesota
Auxiliary aids amd services are available - Please
ontact
city Clerk at (651)322-2003, or TDD No (651)4
-6119,
alweafghijklumupyrstuvwsyz
no laierthanApri126,1000, to make a request.
simples
ojatudliwy aids or services may inchide: sign lan
age
interpreter, asststtve listening kit, accessible meet'
ig
location, etc
Subscril2ed and sworn to before me on this t` u day
of _ 2000.
Notar ublic
AFFIDAVIT
DAWN M SMITH
NOTARY PUBLIC • MINNESOTA
My Commission Expires Jan. 31, 2005