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04/06/2023 EDAC Combined Packet
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04/06/2023 EDAC Combined Packet
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3/31/2023 10:25:45 AM
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EDAC
EDAC Document Type
EDAC Packet
Meeting Date
04/06/2023
EDAC Meeting Type
Regular
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1 <br /> <br />ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br /> <br /> <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br /> <br />EDAC MEETING DATE: April 6, 2023 <br /> <br />TOPIC: ED Strategic Plan Implementation – Anoka County HRA <br />Participation <br /> <br />BACKGROUND <br /> <br />The Economic Development Strategic Plan Priority 4, Identification of Potential Redevelopment <br />Areas and Strategic Acquisitions targets the need to develop a strategy for City acquisition of <br />land when available. Identifying potential funding sources is one of the largest considerations. <br /> <br />One of the options previously discussed is participation in the Anoka County HRA. The County <br />has economic development authority to levy for economic development purposes. While similar <br />to the City’s EDA authority, these property taxes would be levied by the County. These funds <br />would be available for City use subject to certain restrictions. This could generate approximately <br />$380,000 annually. <br /> <br />Karen Skepper, Anoka County Director of Community and Government Relations, will be <br />present at the meeting to discuss the options available to the City. <br /> <br />EDAC CONSIDERATION <br /> <br />Discuss interest in pursuing involvement in the County HRA. <br /> <br />ATTACHMENTS <br /> <br />None.
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