87-11 WHITE - C�TV CLERK
PINK - FINANCE G I TY O F SA I NT PA U L Council
CANARV - DEPARTMENT ���/�
BLUE - MAVpR File NO.
Council Resolution - ����.
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Presente y .I�— �.•��=`
,��.:...:,
Refer To ���/5�--�-7?�� Committee: Date �°����'-�
Out o Committee By Date
WHEREAS, the Metropolitan Tax Base Sharing Act (Fiscal Disparities Law)
was enacted in 1971 to allow for orderly planning and development of
the Twin Cities Metropolitan Area, and
WHEREAS, tax base sharing has allowed communities in the metropolitan
area to share a percentage of the growth in commercial and industrial
assessed valuation with all other participating metropolitan communities,
and
WHEREAS, the Metropolitan Tax Base Sharing Act has provided an orderly
method for the redistribution of growth in commercial and industrial
valuation throughout the Metropolitan Area, and
WHEREAS, the City of Saint Paul has participated in the tax base sharing
program since its inception, has made contributions, and has received
a distribution from the tax base in each of those years, and
WHEREAS, any proposals which would change the formula should be made
in a way that would recognize the original intent of the program, and
the fiscal commitments made in the negotiations on the formula,
THEREFORE, BE IT RESOLVED THAT the City of Saint Paul opposes drastic
changes in the Metropolitan Tax Base Sharing P1an, which would contradict
the original intent of the legislation.
COUNCILMEN Requested by Department of:
Yeas p�eW Nays �
Nicosia [n Favor
Rettman
Scheibel
Sonnen � _ Against BY
Tedesco
Wilson � ���
,lAN " Form Approved by City Attorney
Adopted by Council: Date
Certified Pass y uncil tar BY
By.
Approv Mavor: Dat _ �N - 7 1987 Appr v Mayor for Submiss' to ou '1`
BY — BY
URtISHED !;^�."J 17 i��3 7