8.2. SR 09-06-2016
Request for Action
To Item Number
Mayor and City Council 8.2
Agenda Section Meeting Date Prepared by
General BusinessSeptember 6, 2016Amanda Othoudt, EDD
Item Description Reviewed by
Economic Development Authority and Housing Lori Ziemer, Finance Director
Redevelopment Authority Levies
Reviewed by
Cal Portner, City Administrator
Action Requested
Adopt, by resolution, the preliminary Economic Development Authority 2017 tax levy.
Adopt, by resolution, the preliminary Housing and Redevelopment Authority 2017 tax levy.
Background/Discussion
The Council must approve the preliminary 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, 2016. The city maximum tax levy must be certified by September 30, 2016.
Over the past several months, the EDA and HRA have reviewed and prepared their 2017 budgets.
The EDA approved their budget and levy on August 15, 2016. The budget proposes maintaining the
previous general operating levy at 0.01813 percent of the Estimated Market Value, which is the state cap.
The HRA approved their budget and levy on August 1, 2016. The rate decreased slightly from 0.01512
percent to 0.01466 percent of the Estimated Market Value which is well below the state cap at 0.0185
percent.
Financial Impact
Various tax levies for collection in 2017.
Attachments
Resolution approving the preliminary 2017 tax levy for economic development purposes for the
Elk River Economic Development Authority.
Resolution approving the preliminary Housing and Redevelopment Authority 2017 tax levy.
City of
Elk
River
Resolution 16-53
A Resolution of the City of Elk River Approving the 2017 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 the estimated market value in the city for the year of 2017.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River,Minnesota, 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 2017
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.seq.
Passed and adopted this 61h day of September, 2016.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City NATUREJ
Resolution 16-____
A Resolution of the City of Elk River Approving the Housing and
Redevelopment Authority Tax Levy
WHEREAS,
the Housing and Redevelopment Authority in and for the City of Elk River
has requested that the city authorize a levy of .01466% 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, Minnesota, as follows that the Housing and Redevelopment Authority in and for the
City of Elk River certify a levy of .01466% of the estimated market value in the city for the
benefit of the Housing and Redevelopment Authority.
th
Passed and adopted this 6 day of September, 2016.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk