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Mounds View City Council December 5, 2016 <br />Truth in Taxation Meeting Page 3 <br /> <br /> <br />Mayor Flaherty recommended the levy be set at 1.71%, but suggested the levy amount be set by <br />Mayor Elect Mueller. <br /> <br />Council Member Mueller supported the levy being set at 1.71%. She stated this percentage <br />would allow the City to keep its levy increase below 4%. Finance Director Beer thanked the <br />Council for their input. <br /> <br />Finance Director Beer questioned what funds should be set aside for the HRA and EDA levies. <br />He suggested $60,000 be set aside for the EDA and $40,000 for the HRA, which would be a <br />2.28% tax levy. The Council supported this recommendation. <br /> <br />Council Member Gunn requested further information from staff on the difference between the <br />EDA and HRA monies. Finance Director Beer explained EDA funds could be used for small <br />business loans while HRA dollars were housing related. <br /> <br />8. Next Council Work Session: Monday, December 5, 2016, at 7:00 p.m. <br />Next Council Meeting: Monday, December 12, 2016, at 7:00 p.m. <br /> <br />9. ADJOURNMENT <br /> <br />The meeting was adjourned at 6:37 p.m. <br /> <br />Transcribed by: <br /> <br />Heidi Guenther <br />TimeSaver Off Site Secretarial, Inc.