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5.1. SR 03-22-1993 ITEM 5. 1. SUBJECT: MAYOR AND CITY COUNCIL WILLIAM RUBIN, ED COORDINATO~~ MARCH 16, 1993 RESOLUTION SUPPORTING TWIN CITIES MSA DESIGNATION TO: FROM: DATE: INTRODUCTION At its March 22, 1993, meeting, the Elk River City Council will be asked to approve a resolution supporting the designation of Sherburne County as part of the Twin Cities Metropolitan Statistical Area (MSA). This resolution expands upon issues that emerged from the March 8 meeting during which time the City Council authorized a letter to the Department of Housing and Urban Development. The City requested an expeditious adjustment to Sherburne County's single family mortgage insurance limits to reflect those limits found in the balance of the Twin Cities metro area. A copy of this letter is attached to the memo. BACKGROUND . A broader issue that emerged from the March 8 discussion deals with Sherburne County's designation as part of the Twin Cities MSA. That is, efforts to adjust the mortgage insurance limits upward are fruitless if Sherburne County's designation into the Twin Cities MSA is disputed. Based on discussions with realtor associations, lenders, and colleagues, etc, staff believes that there is movement afoot to appeal this metropolitan designation. Specifically, staff has learned that residents from the 7th Congressional District dispute the designation of Sherburne County into the Twin Cities MSA and Representative Collin Peterson, on behalf of those residents, seeks to restore Sherburne County's qlignment with the St. Cloud MSA. The federal Office of Management and Budget (OMB) allows for a review period for its MSA designations. It is reasonable to believe that Sherburne County will be among the MSA designations OMB will reevaluate. . Therefore, it may be appropriate to adopt a resolution supporting Sherburne County's designation in the Twin Cities MSA. This is done recognizing that Elk River has much more to lose than gain if QMB determines that the St. Cloud MSA should retain Sherburne County within its limits. Specifically, mortgage insurance limits and medicare paYments are higher for areas in the Twin Cities MSA rather than the St. Cloud MSA. ACTION REQUESTED 720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420 . . . The Council is asked to adopt the attached resolution. If adopted, Elk River will have gone on record in support of the expansion of the Twin Cities MSA to include Sherburne County. -l/ March 4, 1993 Mr. Thomas T. Feeney U.S. Department of Housing and Urban Development 220 2nd Street South Minneapolis, MN 55401-2195 Dear Mr. Feeney: On the basis of 1990 census information, the federal Office of Management and Budget has determined that Sherburne County is now part of the Twin City Metropolitan Statistical Area (MSA). The City of Elk River sees some advantages and disadvantages to this designation. It is clear, however, that the Twin Cities has an influence on the rapid growth experienced in Elk River over the past decade. . One advantage to the MSA designation relates to FHA mortgage insurance limits. The City of Elk River is hopeful that FHA will act expeditiously to adjust its single-family mortgage insurance program upward to reflect the higher limits enjoyed by other home buyers in the Twin Cities. As we move from winter to spring, home builders and realtors are enthusiastic about the upcoming construction and home buying season. An adjustment of FHA's metro limits into Elk River and Sherburne County will contribute significantly to this enthusiasm. Thank you for your prompt attention to this matter. event of questions or comments, please feel free staff Patrick Klaers or William Rubin at 441-7420. contacted during normal business hours at 540-3520. In the to call my I can be 1SinCerelY YJLrs~ 1"1j- a /J _aJ..~ Hen.jy A. Du.i tsman Mayor City of Elk River, Minnesota . bee: Sherburne County Board Honorable James Oberstar Honorable David Durenberger Honorable Paul Wells tone 720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420 . . . RESOLUTION 93 - RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION SUPPORTING THE DESIGNATION OF SHERBURNE COUNTY AS PART OF THE TWIN CITIES METROPOLITAN STATISTICAL AREA WHEREAS, the City of Elk River, Minnesota, has experienced rapid population growth during the 1980's and 1990's, and; WHEREAS, a factor which has influenced this growth is Elk River's close proximity to the Twin Cities of Minneapolis and St. Paul, and; WHEREAS, because of this proximity, the population growth in Elk River is projected to increase, and; WHEREAS, the Office of Management and Budget recently designated Sherburne County as part of the Twin Cities Metropolitan Statistical Area (MSA), and; WHEREAS, because of this designation, Sherburne County and its municipalities and townships will realize many positive benefits, including higher mortgage insurance limits through the Federal Housing Administration (FHA), and increased Medicare paYments. NOW, THEREFORE, BE IT RESOLVED THAT: 1. The City of Elk River, Minnesota supports Sherburne County's designation into the Twin Cities MSA. 2. The City of Elk River, Minnesota further supports the positive benefits that will be derived in Sherburne County as a result of this designation. Passed and adopted by the City Council of the City of Elk River this ___ day of March, 1993. Henry A. Duitsman, Mayor ATTEST: Sandra A. Thackeray, City Clerk