HomeMy WebLinkAbout3. 2008/2009 Tax Levy and Budget Adoption Resolution-Res. No. 2008-1
3.
SHAKOPEE EDA
Memorandum
TO: EDA Chairman and Commissioners
Mark McNeill, EDA Director
FROM: Gregg Voxland, Finance Director
RE: 2008/09 Tax Levy and Budget Adoption Resolution
DATE: August 19, 2008
Introduction
Attached is Resolution Number 2008-1 which requests the Shakopee
City Council to consent to the tax levy for the EDA, levy a tax
for the EDA and adopts the 2009 budget.
Background
There are two statutes under which a tax for the purposes of the
EDA may be levied. The major differences as far as the levy is
concerned are:
HRA EDA
469.033 469.107
Levied by EDA City
City consent yes yes
Under City levy limit no yes
MSA 469.107 has broader purposes allowed than 469.003 but
the distinction is not clearly defined. Basically, the HRA 1 evy
is for redevelopment. The EDA levy is for redevelopment and new
development and is included under the city's levy limit.
Resolution No. 2008~1 has been prepared with a levy of $20,000
under the HRA levy MSA 469.033 and $60,000 under the EDA levy
MSA 469.107. Last year the levies were $20,000 under the HRA
levy MSA 469.033 and $60,000 under the EDA levy MSA 469.107.
The proposed budget is attached with appropriations in the
amount of $116,680.
Included are the tax payments to Certainteed from the City and
the County for the abatement program. Other costs included are
$19,200 to the General Fund of the City for utility costs,
administrative overhead such as accounting and bill
processing/payroll, publishing, postage, and other employee's
time on related issues.
The EDA needs to adopt a proposed maximum levy and budget amount
by September 15 for certification to the County Auditor. That
levy will be used for the tax notice mailed to property owners.
Action
Offer Resolution Number 2008-1, A Resolution Setting The Tax
Levy For 2008/09 By The Economic Development Authority For The
City of Shakopee And Adopting The 2009 Budget, and move its
adoption.
;W
Gregg Voxland
Finance Director
h,\budget09\budres09
'-
RESOLUTION NO. 2008-1
A RESOLUTION SETTING THE TAX LEVY FOR 2008/09 BY
THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE
CITY OF SHAKOPEE AND ADOPTING THE 2009 BUDGET
WHEREAS, the Economic Development Authority (EDA) in and for the City
of Shakopee was created pursuant to Minnesota Statutes, Section
469.051 et seq., as amended, and
WHEREAS, Section 469.107 states that for economic development
purposes, the governing body of the municipality may levy a tax at the
request of the EDA, and Section 469.033 states that for redevelopment
purposes, the EDA may levy a tax with the consent of the governing
municipality, and
WHEREAS, the By-Laws of the EDA for the City of Shakopee provides that
a budget be prepared on an annual basis,
NOW, THEREFORE, BE IT RESOLVED BY THE ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF SHAKOPEE, MINNESOTA, that the EDA hereby requests the
City Council of the Ci ty of Shakopee to levy a special tax of $60,000
pursuant to MSA 469.107 to be collected in 2009 for the EDA by the
City of Shakopee.
BE IT FURTHER RESOLVED, that the EDA levies a special tax of $20,000
pursuant to MSA 469.033 to be collected in 2009 by the EDA and hereby
requests the City Council of the City of Shakopee to consent to such
levy.
BE IT FURTHER RESOLVED, that the attached 2009 General Fund Budget be
approved with total appropriations in the amount of $116,680.
Adopted in session of the Shakopee Economic Development
Authority for the City of Shakopee, Minnesota held this day of
September, 2008.
Chairman
ATTEST:
Executive Director