HomeMy WebLinkAbout2012 09-10 EDA Meeting PacketAGENDA
MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY
Monday, September 10, 2012 – Immediately Following the Regular City Council Meeting
City Hall, Council Chambers
The Maplewood City Council Serves as the
Maplewood Area Economic Development Authority
A. CALL TO ORDER
B. ROLL CALL
C. APPROVAL OF AGENDA
D. APPROVAL OF MINUTES
E. NEW BUSINESS
1. Preliminary Approval of Proposed Tax Levy Payable in 2013 and Setting Budget
Public Hearing Date
F. ADJOURNMENT
THIS PAGE IS INTENTIONALLY LEFT BLANK
EDA AGENDA NO. E1
EDA AGENDA REPORT
TO: James Antonen, City Manager
FROM: Chuck Ahl, Assistant City Manager
Gayle Bauman, Finance Manager
SUBJECT: Preliminary Approval of Proposed Tax Levy Payable in 2013 and
Setting Budget Public Hearing Date
DATE: August 31, 2012
INTRODUCTION
State law requires that cities certify their proposed property tax levies to the county auditor by
September 15th. 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
2013 Budget. The Proposed 2013 Budget for the Maplewood Area EDA requires a tax levy of
$89,270 which is 0.5% of the 2012 total levy. This is the first year that a levy is being introduced
to begin 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 2013-2017 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 draft copy of the 2013 Operating Budget can be found online under the Finance Department
City Budget page. 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 2013 at $89,270 and setting the
date for the Public Hearing on the 2013 Levy and Budget for Monday, December 10, 2012
during the Regular City Council Meeting.
Attachments:
1. 2013 Budget for Maplewood Area EDA Fund
2. Resolution
EDA Packet Page Number Page 1 of 3
EDA Agenda Item E1
Attachment 1
EDA Packet Page NumberPage 2 of 3
RESOLUTION PROVIDING PRELIMINARY APPROVAL OF A PROPOSED TAX
LEVY PAYABLE IN 2013
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 2012
payable in 2013 by September 15, 2012 and
WHEREAS, the Maplewood Area Economic Development Authority has
reviewed preliminary information on the Proposed 2013 Budget and has determined the
amount of the proposed tax levy payable in 2013 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 2012 payable in 2013 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 2013 Budget
shall be set as Monday, December 10, 2012 at 7:00 pm in the Maplewood City
Council Chambers.
EDA Agenda Item E1
Attachment 2
EDA Packet Page Number Page 3 of 3