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Home My WebLink About2015 09-14 EDA Meeting PacketThe Maplewood City Council Serves as the Maplewood Area Economic Development Authority. This Meeting Will Be Held Preceding the City Council Meeting AGENDA MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY Monday, September 14, 2015 City Hall, Council Chambers A. CALL TO ORDER B. ROLL CALL C. APPROVAL OF AGENDA D. APPROVAL OF MINUTES 1. Approval of December 08, 2014 Economic Development Authority Meeting Minutes E. PUBLIC HEARING None F. UNFINISHED BUSINESS None G. NEW BUSINESS 1. Consider Preliminary Approval of Proposed Tax Levy Payable in 2016 and Setting Budget Public Hearing Date H. ADJOURNMENT THIS PAGE IS INTENTIONALLY LEFT BLANK D1 December 8, 2014 Maplewood Area Economic Development Authority Meeting Minutes 1 MINUTES MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY December 08, 2014 Council Chambers, City Hall A. CALL TO ORDER A meeting of the City Council serving as the Economic Development Authority, (EDA), was held in the City Hall Council Chambers and was called to order at 8:23 p.m. by EDA Chair Koppen. B. ROLL CALL Marvin Koppen, Chair Present Marylee Abrams, Member Present Robert Cardinal, Vice Chair Present Kathleen Juenemann, Member Present Nora Slawik, Member Present C. APPROVAL OF AGENDA Member Abrams moved to approve the agenda as submitted. Seconded by Member Juenemann Ayes – All The motion passed. D. APPROVAL OF MINUTES 1. Approval of September 22, 2014 Economic Development Authority Meeting Minutes Member Cardinal moved to approve the September 22, 2014 Economic Development Authority Meeting Minutes as submitted. Seconded by Member Slawik Ayes – All The motion passed. E. PUBLIC HEARING 1. Public Hearing on 2015 Tax Levy a. Approval of Resolution Certifying Taxes Payable in 2015 Finance Director Bauman presented the staff report. Chair Koppen opened the public hearing. The following people spoke. 1. Tim Kinley 2. Bob Zick EDA Packet Page Number 1 of 5 D1 December 8, 2014 Maplewood Area Economic Development Authority Meeting Minutes 2 Chair Koppen closed the public hearing. Councilmember Cardinal further stated that for the 2015-2019 CIP Commercial Property Redevelopment Programs to prevent neighborhoods from deteriorating the tax levy is needed in order fund this program and to allow for economic development and opportunities. He further applauded Larkin Dance for moving from a renter to a property tax generator. Member Cardinal moved to approve the Resolution Certifying EDA Taxes Payable in 2015 that is already included in the 2015 budget. Resolution 14-12-1156 CERTIFYING TAXES PAYABLE IN 2015 BE IT RESOLVED BY THE MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF MAPLEWOOD, MINNESOTA that: 1. The following amounts of taxes be levied for 2014, payable in 2015, upon the net tax capacity in said City of Maplewood, for the following purposes: EDA $89,270 2. The 2015 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 $90,210 Expenditures 137,370 Net change in fund balance (47,160) Seconded by Member Juenemann Ayes – All The motion passed. F. UNFINISHED BUSINESS None G. NEW BUSINESS None H. ADJOURMENT EDA Chair Koppen adjourned the meeting at 8:47 p.m. EDA Packet Page Number 2 of 5 G1 EDA MEMORANDUM TO: Melinda Coleman, City Manager FROM: Gayle Bauman, Finance Director DATE: September 8, 2015 SUBJECT: Consider Preliminary Approval of Proposed Tax Levy Payable in 2016 and Setting Budget Public Hearing Date Introduction State law requires that cities certify their proposed property tax levies to the county auditor by September 30th. The proposed tax levy that is given preliminary approval cannot be increased. Therefore, it is important that the proposed tax levy provides adequate revenues to finance the 2016 Budget. The Proposed 2016 Budget for the Maplewood Area EDA requires a tax levy of $89,270 which is 0.5% of the 2013 total levy. This is the fourth year that a levy is being introduced to continue funding the Maplewood Area EDA Fund. The Authority needs to decide the maximum levy that it is willing to approve and then adopt the attached resolution. Background The 2016-2020 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. A budget statement for the Maplewood Area EDA Fund is attached. Recommendation It is recommended that the Maplewood Area Economic Development Authority adopt the attached resolution setting the maximum tax levy for payable 2016 at $89,270 and setting the date for the Public Hearing on the 2016 Levy and Budget for Monday, December 14, 2015, in correlation with the Regular City Council Meeting. Attachments 1. 2016 Budget for Maplewood Area EDA Fund 2. Resolution EDA Packet Page Number 3 of 5 G1, Attachment 1 2015 ACCT 2013 2014 ORIGINAL 2015 NO.ACTUAL ACTUAL BUDGET RE-EST.2016 Property Taxes: 3011 Current 87,747 87,915 88,460 88,460 88,020 3012 Delinquent - 182 - - - Miscellaneous Revenue: 3801 Investment earnings 5,152 3,483 1,750 1,750 - 3809 Miscellaneous 19 6,652 - - - Total revenues 92,918 98,232 90,210 90,210 88,020 Expenditures: Personnel - - 24,220 24,220 24,220 Commodities - - 1,000 1,000 1,000 Contractual services 496 81,530 12,150 12,150 12,360 Land - - 100,000 100,000 100,000 4752 Outside engineering fees 12,375 - - - - Total expenditures 12,871 81,530 137,370 137,370 137,580 Excess (deficit) of revenue over expenditures 80,047 16,702 (47,160) (47,160) (49,560) Fund balance - January 1 178,542 258,588 237,288 275,290 228,130 Fund balance - December 31 258,588 275,290 190,128 228,130 178,570 CITY OF MAPLEWOOD MAPLEWOOD AREA EDA FUND (280) STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE EDA Packet Page Number 4 of 5 G1, Attachment 2 RESOLUTION PROVIDING PRELIMINARY APPROVAL OF A PROPOSED TAX LEVY PAYABLE IN 2016 and SETTING BUDGET PUBLIC HEARING DATE WHEREAS, State law requires that the Maplewood Area Economic Development Authority give preliminary approval of a proposed tax levy for 2015 payable in 2016 by September 30, 2015 and WHEREAS, the Maplewood Area Economic Development Authority has reviewed preliminary information on the Proposed 2016 Budget and has determined the amount of the proposed tax levy payable in 2016 which is the maximum amount that will be levied. NOW THEREFORE BE IT RESOLVED BY THE MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF MAPLEWOOD, MINNESOTA THAT: 1. The proposed tax levy for 2015 payable in 2016 in the amount of $89,270 is hereby given preliminary approval and shall be certified to the Ramsey County Auditor. 2. The date for consideration of the final levy and consideration of the 2016 Budget shall be set as Monday, December 14, 2015 at 7:00 pm in the Maplewood City Council Chambers. EDA Packet Page Number 5 of 5