87-1680 WHI7E - CITV CLERK
PINK - FINANCE , G I TY O F SA NT PA LT L Council ('�
CANARV - OEPARTMENT � �/�/�
BLUE - MAVOR Flle NO• �_/`r `� �� --
1
ouncil R solution ;= �
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Presented By ��
Referred To Committee: Date
Out of Committee By Date
WHEREAS, the Metropolitan Tax Base haring Act (Fiscal
Disparities Law) was enacted in 197 to enable communities
within the metropolitan area to sha e commercial and industrial
growth; and
WHEREAS, fiscal disparities is desi ned to reduce the tax
disparities and other adverse impac s of competition for
commercial and industrial developme t within the metropolitan
area; and
WHEREAS, research indicates that th program has successfully
equalized tax burdens on commercial and industrial property
within these communities ; and
WHEREAS, the City of Saint Paul has contributed a major portion
of its commercial and industrial gr wth to the fiscal
disparities pool over the span of t e program; and
WHEREAS, the City of Saint Paul has received fiscal assistance
from this program;
THEREFORE, BE IT RESOLVED THAT the ity of Saint Paul supports
continuance of this program, or sup orts any changes to this
beneficial program which will enhan e the City financially and
result in equalizing commercial and industrial tax burdens
among communities.
COU(�1C[LMEN Requested by Department of:
Yeas .$pe� Nays �
Nicosia [n Favor
Re't tman
Scheibel � _ Against BY
Sonnen
W�ida
WilsOri N�V } Q �87 Form Approved by City Attorney
Adopted by Council: Date
� �— i��Lc'��-/c� //— /Z$
Certified Passed ncil Se r BY��-« ' �
By
Appro e by AAavor: Date Approved by Mayor for bmis ' n to Council 4
�(������ � _ ,' � i�v i
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1�1° 011049 �
Ma or' s Of f ice--IGR DEPARTMENT -
D i ane n c CONTACT NAME
298-4 raaN�
� 11/12 DATE
ASSIGN 1VUMBER �'�R xOUTING ORDER: (See reverse ida.)
_ Department Director 1 Mayor (or Assistant)
_ Finmace and Management Services Director � City Clerk
_ Badget Director � Council President
� City Attorney _
TOTAL NUMBER OF SIGNATtJRE PAGES: (Clip al locatioas for signature.)
B G ? (Purpose/Rationale) ,
Saint Paul will be gble to 3oin other ci ies to support continuanee of
the fiscal disparities program, which fi ancially benefits the City. In
198? we gained $103.8 million in assesse valuatian, which translates
into a gain of $3.8 million.
CO T E IT BUDG AR AND P SO AC S
Continuance of the program, or adoption f a similar program, will
financially benefit the City and result in equ�.lization of commercial
and industrial tax rates in the metropo itan area.
IN CI 0 U G AG V ER C G R C TED:
(Mayor's signature not required if under $10,00 .)
Total Amount of Trans�ction: Activity Number:
Funding Source:
. ATTACHMEI�TS: (List and number all" attachments.
� ADMINISTRATIVE PROCEDURES
_Yes _No Rules, Regulations, Procedure , or Budget Amendmen� required?
_Yes _No If yes, are they or timetable attachad?
DEPARTMLNT REVIEW CITY ATTORNEY REVIEW
_Yes _No Council resolution required? Resolution requirad? iYes _No
_Yes _No Insurance required7 'Insurance sufficient� �Yes _No �
Yes _No Insurance attached?