HomeMy WebLinkAbout2016-02-09 PACKET 04.03.E.
Property & Taxation
Policy #4004
TAX INCREMENT FINANCING COUNTY COMMENT
ON PROPOSED DISTRICTS
Policy
The County Board has established a goal toincreaseits support of economic
development efforts within Washington County.The county is committed to investing
staff time and financial resources in a planned, coordinated and strategic manner to
promote development that creates new jobs, retains jobs,increases the county tax
base, and enhances the quality of life of county residents.To meet these goals, the
county board is committed to partnering with its local communities through the utilization
of economic development tools that are available.
In accordance with Minnesota Statute 469.172, Subd. 2,a plan for the creation or
modification of tax increment financing districts must be submitted to the county by the
municipality prior to holding a public hearing on the plan. The County will review and
provide comments to the municipality on proposed tax increment financing districts as
outlined in this policy.
Guidelines
TheWashington County Board of Commissioners willprovide written comment after
receiving notice of a proposed tax increment financing district asset forth in Minnesota
Statute 469.175, Subd. 2,to provideinput to local jurisdictions. Prior to submitting
these public comments, Washington County will review all proposals submitted by local
jurisdictions usingthe following criteria:
1.The fiscal and economic implications of the proposed tax increment finance
district on the county property tax revenues.
2.Consistency of the plan with the principles of the county's comprehensive plan for
land use and transportation.
3.The extent to which the proposal adds to the county's net commercial and
industrial tax base
4.The extent to which the proposal redevelops areas that have experienced blight
or contamination as described in M.S. 469.174, Subd. 10, 10a, 16.
Implemented: November 26, 1996Page 1of 3
Revised: November 9,2010
Revised: October 6, 2015
Policy #4004
5.The extent to which the project requires improvements in county infrastructure
and the extent to which the TIF district will pay for the cost of these
improvements as described in M.S. 469.175, Subd. 1a.
6.The extent to which the proposal results in an increase in new employment
opportunities that provideliving wages and benefits for employees.
7.The extent to which a TIF district for housing contributes to the availability of
housing for persons or families of low and moderate income.Washington County
supports housing strategies that create scattered site low income housing
options, rather than concentrated development of low income housing in
complexes or "projects".
8.The impact of the proposed TIF district on other county service costs; e.g.,
Sheriff, human services, prosecution services, etc.
9.TIF proposals must comply with the following administrative requirements:
A.Comply with Minnesota Statutes.
B. Contain an accurate legal description of the district boundaries.
C.Include complete existing tax parcels of record.No split or fractional
property tax parcels may be included.
Responsibility
County Board
1.Review and approve tax increment financing comment letters.
Administration
1.Distribute copies of the proposal to each of the reviewing departments and set
forth the time within which the appropriate department should review the
proposal according to the criteria.
2.Summarize the departments'inputand develop draft comments to be submitted
to the County Board for review and approval.
3.Submit approved commentsto the local jurisdiction proposing the creation of the
TIF district.
Transportation and Physical Development
1.Review road and infrastructure implications of tax increment financing districts.
Property Records and Taxpayer Services
1.Review tax increment financing district proposal for administrative and statutory
requirements.
Implemented: November 26, 1996Page 2of 3
Revised: November 9,2010
Revised:October 6, 2015
Policy #4004
Source
County Board approval on November 26, 1996
Policy #1027 renumbered to #4004, March 2005
County Board approval on November 9, 2010
County Board motionOctober 6, 2015
Implemented: November 26, 1996Page 3of 3
Revised: November 9,2010
Revised:October 6, 2015