HomeMy WebLinkAbout2015/09/08 - ADMIN - Minutes - Economic Development Authority - RegularOfISt. Louis Park OFFICIAL MINUTES
M I N N E 5 0 T A ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
SEPTEMBER 8, 2015
1. Call to Order
President Mavity called the meeting to order at 7:25 p.m.
Commissioners present: President Anne Mavity, Tim Brausen, Steve Hallfin, Jeff Jacobs, Gregg
Lindberg, and .lake Spano.
Commissioners absent: Susan Sanger.
Staff present: Executive Director (Mr. Harmening), City Attorney (Mr. Mattiek), Controller
(Mr. Swanson), and Recording Secretary (Ms. Hughes).
2. Roll Call
3. Approval of Minutes
3a. Economic Development Authority Meeting Minutes August 17, 2015
The minutes were approved as presented.
4. Approval of Agenda
The agenda was approved as presented.
5. Reports
5a. Approval of EDA Disbursements
It was moved by Commissioner Brausen, seconded by Commissioner Spano, to accept for
filing EDA Disbursements for the period July 25, 2015, through August 28, 2015.
The motion passed 6-0 (Commissioner Sanger absent).
6. Old Business - None
7. New Business
7a. 2016 Preliminary HRA Levy Certification and Budget Adoption. EDA
Resolution No. 15-18,
Mr, Swanson presented the staff report and stated the City has previously used the HRA
levy for infrastructure improvements in redevelopment areas and the HRA levy proceeds
are currently paying for the City's share of the Highway 7 and Louisiana Avenue project
until 2021. He stated that given the significant infrastructure needs facing the City in the
future, it is recommended that the HRA levy continue at the maximum allowed by law
for 2016, or $1,011,208 based on valuation data from Hennepin County, an increase of
$57,970 or 6.08% from 2015.
Economic Development Authority -2- September 8, 2015
It was moved by Commissioner Hallfin, seconded by Commissioner Spano, to adopt EDA
Resolution No. I5-18 Authorizing the Proposed Levy of a Special Benefit Levy Pursuant
to Minnesota Statutes, Section 469, 033, Subdivision 6, and Approval of ' a Preliminary
Budget for Fiscal Year 2016.
President Mavity requested information about the impact of the HRA levy on the
individual homeowner.
Mr. Swanson explained that the City's ad valorem tax levy is approximately $29 million
and the impact on a median value home is approximately $1,000 with 1125th attributable
to the HRA levy.
The motion passed 6-0 (Commissioner Sanger absent).
8. Communications - None
9. Adjournment
President Mavity adjourned the meeting at 7:30 p.m.
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