10-25-1999 Council Work Session - Laserfiche WebLink

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Long Lake/Orono Consolidation Committee Thursday, Oetober 21,1999 Page 4 Prosser requested that he be provided with an average range as it relates to population growth and households. Christensen commented that the impact an increased population will have on the two cities needs to be addressed as it relates to schools, police, fire protection, and other City services. Prosser stated that the full life c> clc may not occur in the community to as great an c.xtcnt as in other communities if different housing options arc not available. Estimated Market Value Murphy commented that he was un*:urc what the estimated market value numbers were attempting to show, noting that it seems to implj- a big difference in propertN values between the two cities. Peterson stated in her opinion the numbers do not reflect the real picture. Mayor Jabbour stated that one-third of Orono's houses are currently valued at approximately $130,000.00, and that the Minnetonka market may be pushing that value up. Murphy stated that the numbers should be compared with other similar size communities in order to give the Committee a better understanding of how the two cities fare as it relates to growth and development. Prosser stated that it was his conclusion that the market value of the two ciiics as it relates to commercial and residential are growing at a fairly equivalent rate. Peterson suggested that the market \alue numbers be eliminated and a comparison be made to other similar size communities Net Tax Capacity Prosser commented that Long Lake eontains a slightly larger commercial/industrial tax base than Orono and that Orono ’s residential tax base is considcrablv larger than Long Lake ’s It w as the consensus of the Consolidation Committee to delete the senu :e "Total Long Lake equals two \ears’ growth in Orono". Peterson commented that the term net tax capacity is a term of art and indicated that market value translates to taxable value.