HomeMy WebLinkAbout2001/09/04 - ADMIN - Minutes - Economic Development Authority - RegularAUh CITY OF
ST. LOUIS
PARK
OFFICIAL MI NUTES
ECONOMIC DEVE LOPME NT AUTHORI TY
ST. LOUI S PARK, M INNE SOTA
September 4, 2001
1. Call to Order
President Young called the meeting to order at 7:26 p.m.
2. The following Commissioners were present at roll call: Jeff Jacobs, Jim Brimeyer, Chris
Nelson, Susan Sanger, Ron Latz, Sue Santa, and President Robert Young.
Also present were the City Manager (Mr. Meyer); Director of Community Development
(Mr. Harmening); Director of Finance (Ms. McGann); Environmental Health Official (Mr.
Camilon); Planning and Zoning Supervisor (Ms. Jeremiah); and Recording Secretary (Ms.
Samson).
City Attorney (Mr. Scott) was absent.
3.
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Approval of Minutes
3a. Approval of Economic Development Authority minutes of August 6, 2001
The minutes were approved as presented.
4, Approval of Agenda
4a. Approval of agenda of September 4, 2001 meeting
It was moved by Commissioner Jacobs, seconded by Commissioner Latz, to approve the
agenda.
The motion passed 7-0.
5. Reports
Sa. Vendor Claims
It was moved by Commissioner Santa, seconded by Commissioner Nelson, to approve
vendor claims.
The motion passed 7-0.
6. Old Business--None
EDA Mi nutes -2- Septem ber 4, 2001
7. New Business
7a. HRA Levy. EDA Resolution No. 01-08
Ms. Jean McGann, Director of Finance, said the HRA levy is a new levy the EDA is asked
to consider this evening. The HRA levy is being proposed due to legislative changes
regarding tax increment proceeds that will result in a significant decrease in the amount of
tax increment proceeds the City receives on a yearly basis.
President Young asked what has prompted the need for the new levy?
Ms. McGann responded the manner in which property taxes are distributed and the
allocation of funding sources are significantly changed. Funding for schools is now by the
State. Within the tax increment districts, the proceeds of tax dollars from the county, school
district, and the City would generally go to the City funds, however, due to the changes with
the funding mechanism for schools, the City no longer has those proceeds going into the
districts. The lack of funding greatly hinders the City's ability to proceed with future
redevelopment projects. Passage of the HRA levy will enable the City to continue its
redevelopment projects. Ms. McGann also stated the levy is in place of the additional
dollars the City would have received in tax increments and, due to legislative changes for
the funding of school districts, the City is experiencing a significant reduction in the amount
of increments it receives.
It was moved by Commissioner Latz, and seconded by Commissioner Jacobs, to adopt EDA
Resolution No. 01-08 establishing the HRA levy and approval of a proposed budget for
fiscal year 2002.
The motion passed 7-0.
8. Communications and Bills--None
9. Adjournment
President Young adjourned the meeting at 7:31 p.m.
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