8.4. SR 09-02-2014 City of
Elk - Request for Action
River O.
To Item Number
Mayor and City Council 8.4
Agenda Section Meeting Date Prepared by
General Business September 2, 2014 Tim Simon, Finance Director
Item Description Reviewed by
Set EDA and HRA Property Tax Levies Cal Portner, City Administrator
• Resolution for Housing and Redevelopment Reviewed by
Authority Tax Levy
• Resolution for Economic Development
Authority Tax Levy
Action Requested
The Council is asked to adopt by separate motions the following resolutions:
1. Resolution approving the Housing and Redevelopment Authority 2015 tax levy.
2. Resolution approving the Elk River Economic Development Authority 2015 tax levy.
Background/Discussion
The Council must approve the proposed tax levy for the Housing and Redevelopment Authority (HRA)
and Economic Development Authority (EDA) for certification to the County Auditor on or before
September 15, 2014. The city maximum tax levy must be certified by September 30, 2014.
The HRA and EDA rates did not change from 2014 and have been approved by both commissions. The
HRA approved their budget and levy on August 4, 2014. The EDA approved their budget and levy on
August 18, 2014.
Financial Impact
Various tax levies for collection in 2015.
Attachments
• Resolution approving the Housing and Redevelopment Authority 2015 tax levy
• Resolution approving the 2015 tax levy for economic development purposes for the Elk River
Economic Development Authority
P a w E A E U s r
Template Updated 4/14 INIM UREI
�j
City of
Elk
River
Resolution 14-
A Resolution of the City of Elk River Approving the Housing and
Redevelopment Authority Tax Levy
W H E REAS, the Housing and Redevelopment Authority in and for the City of Elk River
has requested that the city authorize a levy of.0144% of the estimated market value of the
city for various housing and redevelopment purposes; and
WHEREAS, the City Council of the City of Elk River has consented to this levy.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River
that the Housing and Redevelopment Authority in and for the City of Elk River certify a
levy of.0144% of the estimated market value in the city for the benefit of the Housing and
Redevelopment Authority.
Passed and adopted this 2nd day of September 2014.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City Clerk
row € R10 8
NATUREI
City of
Elk
River
Resolution 14-
A Resolution of the City of Elk River Approving the 2015 Tax Levy for
Economic Development Purposes for the Elk River Economic Development
Authority
WHEREAS, the City Council of the City of Elk River has received a request from the
Economic Development Authority to levy a tax for the benefit of the Authority in the
amount of.01813% of estimated market value in the city for the year of 2015.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River
as follows: The City Council of the City of Elk River proposes that a tax in the amount of
.01813% of the estimated market value in the city be levied in the year 2015 for the benefit
of the City of Elk River Economic Development Authority to be used for Economic
Development Authority purposes as provided under Minnesota Statute 469.090 et.se .
Passed and adopted this 2nd day of September 2014.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City Clerk
row € R10 8
NATUREI