HomeMy WebLinkAbout20-22 - ADMIN Resolution - Economic Development Authority - 2020/09/21EDA Resolution No. 20-22
Authorizing the proposed levy of
a special benefit levy pursuant to Minnesota Statutes,
Section 469.033, subdivision 6
Whereas, pursuant to Minnesota Statutes, Section 469.090 to 469.108 (the “EDA Act”),
the City Council of the City of St. Louis Park created the St. Louis Park Economic Development
Authority (the "Authority"); and
Whereas, pursuant to the EDA Act, the city council granted to the Authority all of the
powers and duties of a housing and redevelopment authority under the provisions of the
Minnesota Statutes, sections 469.001 to 469.047 (the "HRA Act"); and
Whereas, Section 469.033, Subdivision 6, of the HRA Act permits the Authority to levy
and collect a special benefit levy of up to 0.0185 percent of estimated market value in the city
upon all taxable real property within the city; and
Whereas, the Authority desires to levy a special benefit levy in the amount of up to 0.0185
percent of estimated market value in the city for taxes payable in 2021; and
Whereas, pursuant to Minnesota Statutes, Section 275.065, the Authority is required to
adopt a proposed budget and a proposed tax levy and submit the same to the County Auditor by
Sept. 30; and
Now therefore be it resolved, be it resolved by the Board of Commissioners of the St.
Louis Park Economic Development Authority:
1. The proposed budget of $1,523,590 for the operations of the Authority in fiscal year
2021, as presented for consideration by the city council, is hereby in all respects
approved, subject to final approval by the Authority before certification of the tax
levy under Minnesota Statutes, Section 275.07.
2. Staff of the Authority are hereby authorized and directed to file the proposed budget
with the city in accordance with Minnesota Statutes, Section 469.033, Subdivision 6.
3. The proposed special benefit levy pursuant to Minnesota Statutes, Secti on 469.033,
Subdivision 6, is hereby approved in a maximum amount equal to 0.0185 percent of
estimated market value in City of St. Louis Park, currently estimated to be
$8,235,623,500, with respect to taxes payable in calendar year 2021, subject to final
approval by the Authority before certification of the special benefit levy pursuant to
Minnesota Statutes, Section 275.07.
4. Staff of the Authority are hereby authorized and directed to seek the approval by
resolution of the city council of the levy of special benefit taxes payable in 2021 and
to take such other actions as are necessary to bring before the Board the final
budget and levy to be sent to the county auditor on or before five working days
after Dec. 21, 2020.
DocuSign Envelope ID: F1FE787C-CA74-4F8F-B2E3-4C1409CA954A
EDA Resolution No. 20-22 2
Reviewed for administration: Adopted by the Economic Development
Authority, September 21, 2020
Thomas K. Harmening, executive director Rachel Harris, president
Attest:
Melissa Kennedy, secretary
DocuSign Envelope ID: F1FE787C-CA74-4F8F-B2E3-4C1409CA954A