HomeMy WebLinkAbout99-032 CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION
DATE: February 16, 1999 RESOLUTION NO: 99-32
MOTION BY: Mulvihill SECONDED BY: Sindt
RESOLUTION SUPPORTING THE LEAGUE OF MINNESOTA
CITIES' LEGISLATIVE POSITION ON TAX INCREMENT FINANCING
WHEREAS, tax increment financing is a viable tool for Minnesota cities in their pursuit
for economic development and redevelopment efforts; and
WHEREAS, the State of Minnesota has implemented a series of restrictions related to
tax increment financing that discourages the endeavors of Minnesota cities to improve and
enhance the economic well-being of Minnesota and the growth and redevelopment of its
cities; and
• WHEREAS, the League of Minnesota Cities acknowledges that cities, required to
assume the financial risks associated with development decisions, have used tax increment
financing responsibly; and
WHEREAS, the League of Minnesota Cities has determined that to effectively
compete with other states, Minnesota must provide its cities greater flexibility in the use of tax
increment financing and other economic development programs; and
WHEREAS, the League of Minnesota Cities has adopted the following position
responding to the state's current tax increment financing policies:
The state should partner with cities in economic development and
redevelopment activities, and encourage cities' use of tax increment in
achieving the laudable goals of:
1) long-term tax base stabilization and growth;
2) job creation;
3) development of low-to-moderate income housing;
4) remediation of pollution;
5) elimination of blight;
6) recycling and development of infrastructure; and
7) redevelopment of its communities.
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WHEREAS, the position statement of the League of Minnesota Cities regarding tax
increment financing was reviewed and recommended for adoption by the Lakeville Economic
Development Commission at their January 26, 1999 meeting.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lakeville
hereby declares support of the adopted legislative position of the League of Minnesota Cities
regarding the state's tax increment financing policies.
BE IT FURTHER RESOLVED that a copy of this resolution be forwarded to the State
Legislature of the-State of Minnesota affirming the City of Lakeville's support for the
continuance of tax increment financing as a tool for Minnesota cities in their pursuit for
economic development and redevelopment efforts and further affirming the City's
endorsement of the position of the League of Minnesota Cities regarding state tax increment
financing policies.
APPROVED AND ADOPTED by the Lakeville City Council this 16t" day of February,
1999.
CITY OF LAKEVILLE
Duane Zaun, Mayor
TTEST:
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Charlene Friedges, City lerk
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