2017.09.05 EDA Meeting PacketAGENDA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL REGULAR MEETING TUESDAY, SEPTEMBER 5, 2017 6:45 P.M. CRYSTAL CITY HALL COUNCIL CHAMBERS 1. Call to order 2. Roll call 3. Approval of minutes from the August 15, 2017 regular meeting * 4. Consider a resolution adopting a proposed HRA tax levy for 2018 * 5. Other business 6. Adjournment * Materials attached
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Minutes of the Crystal Economic Development Authority Regular Meeting August 15, 2017 President Kolb called the regular meeting of the Crystal Economic Development Authority to order at 6:47 p.m. Upon call of the roll, the following members were present: John Budziszewski, Elizabeth Dahl, Julie Deshler, Jeff Kolb, Nancy LaRoche and Olga Parsons. The following staff members were present: Anne Norris, Executive Director, John Sutter, Deputy Executive Director, Stephanie Revering, Police Chief, and Troy Gilchrist, City Attorney. Motion by Commissioner LaRoche (Parsons) to approve the minutes of the July 18, 2017 regular meeting. Motion carried. The EDA held a public hearing and considered a resolution authorizing the sale of 4837 Lakeland Avenue North to Novak-Fleck for new home construction. Mr. Sutter presented the proposal for EDA consideration. President Kolb opened the public hearing. There being no one present to offer testimony, President Kolb closed the public hearing. Motion by Commissioner Parsons (Deshler) to authorize the sale of 4837 Lakeland Avenue North to Novak-Fleck for new home construction. Motion carried. There was no other business. Motion by Commissioner Deshler (Budziszewski) to adjourn. Motion Carried The meeting adjourned at 6:50 p.m. _______________________________ Jeff Kolb, President ATTEST: ______________________________ Olga Parsons, Secretary
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_____________________________________________________________________
FROM: Jean McGann, Finance Director
_____________________________________________________________________
DATE: August 31, 2017
TO: Anne Norris, Executive Director (for September 5, 2017 EDA meeting)
SUBJECT: Consider a resolution adopting a proposed HRA tax levy for 2018
As part of the annual budgeting process, the EDA formally requests a Housing and
Redevelopment Authority tax levy which would comprise part of its funding. The 2017
levy was $246,200. Staff is recommending maintaining this same levy of $246,200 for
2018. The proposed property tax levy and budget are outlined below.
The baseline activities proposed for the EDA in 2018 would result in total expenditures
of $413,970 and include the following significant activities:
BLR Streetscape bidding and construction
Home Improvement Incentive Rebates for households between 80% and 120% of
metro area median income. (Rebates for households below 80% are paid with
available increment from TIF District 2155.)
Acquisition and demolition of one blighted house for redevelopment.
Staff has prepared the following budget for consideration:
EDA STAFF REPORT
Annual Resolution – 2018 HRA Levy
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EDA discussion of the desired preliminary levy amount and action on the attached
resolution is requested. Please note that, whatever levy amount is set, it may be
reduced but cannot be increased when the final budget and tax levy are set in
December.
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2017 - 11
RESOLUTION ADOPTING A PROPOSED 2018 BUDGET AND PROPERTY TAX LEVY
AND REQUESTING THEIR APPROVAL BY THE CITY COUNCIL
WHEREAS, the Economic Development Authority of the City of Crystal (the “EDA”) undertakes
redevelopment and housing activities in the City of Crystal, Minnesota (the “City”); and
WHEREAS, pursuant to authority granted by Minnesota Statutes, Section 469.02 and the
enabling resolution of the EDA, the EDA exercises all of the powers of a housing and
redevelopment authority (“HRA”) as described in Minnesota Statues, Section 469.001 to
469.047 (the “Act”); and
WHEREAS, under Section 469.033 Subdivision 6 of the Act, an HRA is autho rized to levy and
collect special benefit taxes on all taxable property under the jurisdiction of the HRA, that is,
property in the City; and
WHEREAS, the permitted levy is 0.0185 percent of the estimated market value of the property
in the City.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of
Crystal as follows:
1. The EDA hereby adopts a 2018 proposed budget for housing and redevelopment in the
amount of $419,304.
2. The EDA hereby adopts a proposed property tax levy of $277,200 for the purpose of
funding the adopted budget in conformance with Section 469.033, Subdivision 6 of
Minnesota Statutes.
3. The Executive Director is authorized and directed to transmit a certified copy of this
Resolution to the City Council of the City of Crystal for its consent and approval as
provided by Section 469.033 of the Act and for certification to the Property Tax Manager
of Hennepin County.
Adopted this 5th day of September, 2017.
_______________________________
Jeff Kolb, President
_______________________________
Anne Norris, Executive Director