2018.09.04 EDA Meeting PacketAGENDA
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
• REGULAR MEETING •
TUESDAY, SEPTEMBER 4, 2018
6:45 P.M.
CRYSTAL CITY HALL
COUNCIL CHAMBERS
1. Call to order
2. Roll call
3. Approval of minutes from the May 15, 2018 work session and June 5, 2018 regular
meeting *
4. Consider a resolution adopting a proposed HRA tax levy for 2019 *
5. Other business
6. Adjournment
* Materials attached
Page 1 of 1
Minutes of the
Economic Development Authority of the City of Crystal
Work Session
May 15, 2018
1. Call to Order
President Parsons called the work session of the Economic Development Authority of the
City of Crystal (EDA) to order at 6:30 p.m.
2. Roll Call
Upon call of the roll, the following members were present: Jim Adams, 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, and Troy Gilchrist, City Attorney.
3. Discuss proposed sale of 5751 West Broadway for combination with 5747 West
Broadway
The EDA discussed the proposed terms for the potential sale of the EDA property at 5751
West Broadway to the owner of the adjacent property at 5747 West Broadway, said sale
to be considered at a public hearing on June 5, 2018.
4. Adjournment
Motion by Commissioner LaRoche (Adams) to adjourn. Motion carried.
The meeting adjourned at 6:51 p.m.
______________________________
Olga Parsons, President
ATTEST:
______________________________
Elizabeth Dahl, Secretary
Page 1 of 2
Minutes of the
Economic Development Authority of the City of Crystal
Regular Meeting
June 5, 2018
1. Call to Order
Vice President LaRoche called the regular meeting of the Economic Development
Authority of the City of Crystal (EDA) to order at 8:59 p.m.
2. Roll Call
Upon call of the roll, the following members were present: Jim Adams, John
Budziszewski, Elizabeth Dahl, Jeff Kolb, and Nancy LaRoche.
The following staff members were present: Anne Norris, Executive Director, John Sutter,
Deputy Executive Director and Troy Gilchrist, City Attorney.
3. Approval of Minutes
Motion by Commissioner Kolb (Adams) to approve the minutes of the March 20, 2018
regular meeting. Motion carried.
4. 5751 West Broadway - Property Sale Public Hearing
The EDA held a public hearing to consider a resolution authorizing the sale of 5751 West
Broadway to FTKD Properties, Inc., the owner of the adjacent parcel at 5747 West
Broadway, for lot consolidation.
Mr. Sutter presented the staff report and took questions from the Board.
Vice President LaRoche opened the public hearing. There being no one present to offer
testimony, Vice President LaRoche closed the public hearing.
Motion by Commissioner Dahl (Adams) to adopt the resolution authorizing the sale of
5751 West Broadway to FTKD Properties, Inc., the owner of the adjacent parcel at 5747
West Broadway, for lot consolidation. Motion carried.
5. Other Business
There was no other business.
6. Adjournment
Page 2 of 2
Motion by Commissioner Adams (Dahl) to adjourn. Motion carried.
The meeting adjourned at 9:13 p.m.
______________________________
Nancy LaRoche, Vice President
ATTEST:
______________________________
Elizabeth Dahl, Secretary
_____________________________________________________________________
FROM: Jean McGann, Finance Director
_____________________________________________________________________
DATE: August 29, 2018
TO: Anne Norris, Executive Director (for September 4, 2018 EDA meeting)
SUBJECT: Consider a resolution adopting a proposed 2019 HRA tax levy and
budget
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 2018
levy was $277,200. Staff is recommending a 2019 levy of $282,744 which is a 2%
increase. Another 2% increase is proposed for 2020, although that will require separate
action a year from now.
Biennial Budget Summary:
2018 2019 2020
Adopted Proposed Proposed
Revenue 427,200 323,744 328,399
Expenditures 413,970 352,952 411,305
Est. YE Fund Balance 3,203,865 2,174,657 2,091,753
Anticipated 2019 EDA activities:
• Becker Park reconstruction (EDA share paid out of fund balance)
• Sale of properties currently being held by the EDA (proceeds added to fund balance)
• Home improvement grants for homes outside the redevelopment project area
Adoption of 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.
EDA STAFF REPORT
Preliminary 2019 HRA Levy
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2018 - 08
RESOLUTION ADOPTING A PROPOSED 2019 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 authorized 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 proposed 2019 budget for housing and redevelopment in the
amount of $352,952.
2. The EDA hereby adopts a proposed 2019 property tax levy of $282,744 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 4th day of September, 2018.
_______________________________
Olga Parsons, President
_______________________________
Anne Norris, Executive Director