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MOU-NDtSVVWW <br />;ity of Mounds View Staff <br />Item No: 9.A.2. <br />Meeting Date: December 11, 2017 <br />Type of Business: Council Business <br />City Administrator Review: <br />a2131 - <br />ort <br />To: City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8873 Approving the EDA Property Tax Levy Request <br />for Fiscal Year 2018 <br />Previously the City's economic development activities were funded with tax increment revenues. <br />These tax increment revenues were discontinued as required by state statute. This left the City <br />with limited resources to continue existing business outreach, marketing, advertising, small scale <br />incentives, property acquisitions, professional services, and staff training and development. The <br />EDA established levies in 2017 to help accomplish some of the above goals. There is no proposed <br />increase in the total levied for 2018. <br />The EDA adopted a request to the City to levy $100,000 on behalf of the EDA at the August 28, <br />2017 meeting and there is no change in that request since preliminary adoption. <br />Respectfully submitted, <br />Mark Beer, Finance Dir for <br />