HomeMy WebLinkAbout2013 12-09 EDA Meeting Packet IIAGENDA
MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY
Monday, December 09, 2013
The Maplewood City Council Serves as the
Maplewood Area Economic Development Authority
This Meeting Will Be Held During the City Council Meeting
A. CALL TO ORDER
B. ROLL CALL
C. APPROVAL OF AGENDA
D. APPROVAL OF MINUTES
E. PUBLIC HEARING
1. 2014 Tax Levy
a. Resolution Certifying Taxes Payable in 2014
F. NEW BUSINESS
None
G. ADJOURNMENT
THIS PAGE IS INTENTIONALLY LEFT BLANK
MEMORANDUM
TO: Chuck Ahl, City Manager
FROM: Gayle Bauman, Finance Director
DATE: December 2, 2013
SUBJECT: Public Hearing on 2014 Tax Levy
a. Resolution Certifying Taxes Payable in 2014
Introduction
Staff is asking Commission approval for the levy certification of the final taxes payable in 2014.
A public hearing on the proposed taxes for 2014 has been scheduled for December 9th at 7:00
p.m. State law requires that the final property tax levy be adopted at this hearing.
Background
The 2014-2018 CIP talks about a Commercial Property Redevelopment Program to prevent
neighborhoods from deteriorating. A tax levy is needed in order to fund this program and to
allow for other economic development opportunities.
This is the second year that a levy is being requested to help fund the Maplewood Area EDA
Fund. The Proposed 2014 Budget for the Maplewood Area EDA requires a tax levy of $89,270
which is 0.5% of the 2012 total levy. The budget for the EDA Fund can be found in the
Operating Section of the City Budget. There are no anticipated sales tax exemption savings
due to the nature of the purchases being made.
Budget Impact
This will set the levy payable in 2014 for the Maplewood Area EDA Fund as required by the
budget document.
Recommendation
Staff recommends approval of the following resolution:
a. Resolution Certifying Taxes Payable in 2014
Attachment
1. Resolution Certifying Taxes Payable in 2014
E1
EDA (II) Packet Page Number 1 of 2
RESOLUTION
CERTIFYING TAXES PAYABLE IN 2014
BE IT RESOLVED BY THE MAPLEWOOD AREA ECONOMIC DEVELOPMENT
AUTHORITY OF THE CITY OF MAPLEWOOD, MINNESOTA that:
1. The following amounts of taxes be l evied for 2013, payable in 2014, upon t he net tax
capacity in said City of Maplewood, for the following purposes:
EDA $89,270
2. The 2014 Budget for the Maplewood Area Economic Development Authority is included in
the City Budget document and will be adopted along with all the other funds of the City. A
summary of the budget is as follows:
Revenues $94,420
Expenditures 115,180
Net change in fund balance (20,760)
E1, Attachment 1
EDA (II) Packet Page Number 2 of 2