2020.09.01 EDA Meeting PacketAGENDA
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
REGULAR MEETING
TUESDAY, SEPTEMBER 1, 2020
6:45 P.M.
CRYSTAL CITY HALL
COUNCIL CHAMBERS
1. Call to order *
2. Roll call *
3. Consider approval of minutes from the August 18, 2020 meeting
4. Consider a resolution adopting a proposed 2021 budget and property tax levy, and
requesting City Council approval
5. Other business *
6. Adjournment *
*Items for which no materials are included in the packet
Page 1 of 3
Minutes of the
Economic Development Authority of the City of Crystal
Council Chambers
August 18, 2020
1. Call to Order
President LaRoche called the meeting 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, Brendan Banks,
John Budziszewski, Julie Deshler, Therese Kiser and Nancy LaRoche.
The following staff were present: Executive Director Anne Norris, Deputy Executive
Director John Sutter and City Attorney Troy Gilchrist.
3. Approval of Minutes
Moved by Commissioner Adams (Deshler) to approve the minutes of the July 21, 2020
regular meeting. Motion carried.
4. Public Hearing regarding sale of 4741 Welcome Avenue North.
Mr. Sutter reported that no proposals were received by the August 12 deadline. Staff is
requesting that the EDA open the hearing, take comment and continue the hearing to
October 6, and also direct staff to reissue the Request for Proposals with a new deadline
of September 30.
President LaRoche opened the public hearing. There being no one from the public
desiring to speak, President LaRoche asked for EDA discussion and a motion.
Moved by Commissioner Adams and seconded by Commissioner Banks continuing the
public hearing to October 6, 2020 and directing staff to reissue the Request for Proposals
for the sale of 4741 Welcome Ave. N. for construction of a new residential building with
a proposal deadline of September 30, 2020 and providing one additional year for
completion of the building.
Motion carried.
5. Other business.
Mr. Sutter provided updates on the Hampton Companies assisted living project at 3501
Douglas Dr. N. and the vacant Pizza Hut building at 3600 Douglas Dr. N.
Page 2 of 3
6. Adjournment
Moved by Commissioner Deshler (Kiser) to adjourn the meeting. Motion carried.
The meeting adjourned at 6:43 p.m.
Page 3 of 3
These minutes of the August 18, 2020 meeting of the Crystal Economic Development Authority
were approved by the Authority on ________________ ____, 20___.
______________________________
Nancy LaRoche, President
ATTEST:
______________________________
Julie Deshler, Secretary
___________________________________________________________________________
FROM: John Sutter, Community Development Director
___________________________________________________________________________
TO: Anne Norris, Executive Director (for September 1 meeting)
DATE: August 27, 2020
SUBJECT: Consider a resolution adopting a proposed 2021 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 most of its funding. The 2020 levy
was $282,744. Staff is recommending a 2021 levy of $300,000 which is a 6.1% increase. It is
important to note that there was no increase from 2019 to 2020, so the proposed levy increase
from 2020 to 2021 is effectively for a two-year period. The HRA levy comprises most of the
EDA’s revenue, with the remainder being interest earned on the fund balance.
Budget Summary: 2019 2020 2021 2022
Actual Adopted Proposed Proposed
Revenue 377,010 328,399 310,000 318,000
Expenditures 437,509* 411,303 371,798 384,850
Cash Balance
at End of Year 2,140,093 2,057,189** 1,995,391** 1,928,541**
* 2019 expenditures do not the $1,150,000 transfer to Park
Improvement Fund for Becker Park or $295,000 in prior period
adjustments.
** Year end cash balances for 2020, 2021 and 2022 are
estimated.
Anticipated 2021 EDA activities:
One or more redevelopment projects in the Town Center redevelopment area
Continue and expand beautification efforts
Sale of properties currently being held by the EDA (proceeds increase the fund balance)
Home improvement grants for households not eligible for use of TIF funds
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 2021 HRA Levy
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2020 - 01
RESOLUTION ADOPTING A PROPOSED 2021 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 2021 budget for housing and redevelopment in the
amount of $371,798.
2. The EDA hereby adopts a proposed 2021 property tax levy of $300,000 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 1st day of September, 2020.
_______________________________
Nancy LaRoche, President
_______________________________
Anne Norris, Executive Director