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Reports of Staff Council Work session August 1, 2016 Page 2 of 2 ultimately the tax base. Some projects may assist in creating additional jobs as well as the attraction, retention, rehabilitation and preservation of commercial, industrial, retail, residential, recreational, and public service centers. Other goals of the EDA levy is the support of senior/mature adult and /or other housing development partnerships or other multi-use housing projects and facilities, other public utilities (including telecommunications), business incubator loan and other business programs, and transportation systems. Through programs funded by an EDA levy, more emphasis will be placed on those items which increase the tax base, eliminate blight, and meet the City’s economic and redevelopment goals. The remaining goals of the EDA levy will be to assist in funding operational costs associated with economic development activities. Authority: The City of Mounds View has granted to the EDA pursuant to Minnesota Statutes, Section 469.09, subdivision 1, specific authority to exercise all powers granted to a Housing and Redevelopment Authority under Minnesota Statutes, Sections 469.001 to 469.047. This power was gran ted to the EDA on November 23, 2015 , through Resolution 8467; a resolution amending and restating resolution 4532, an enabling resolution establishing the Mounds View Economic Development Authority under Minnesota Statutes, Sections 469.090 through 469.108 . For a list of items and programs the city has been restricted or hasn’t been able to support due to lack of funding please see Attachment Item 03-EDC Staff Report from July 15, 2016. Included in this attachment is a spread sheet listing the current EDA /HRA/Port Authority levy’s and the amounts levied, as well as responses from those cities explaining what these cities are accomplishing with their EDA levies. Recommendation: Discuss and review the possibility of establishing an EDA lev y for 2017. By general consensus provide a recommendation to staff whether to move forward with formal approval of an EDA levy at its next City Council meeting August 8, 2016. If approved by the City Council at its next regular meeting to move forward in the EDA levy process, the City’s Charter requires that the EDA levy is listed as a Referendum vote at the next general election to held November 8, 2016. If the Referendum is passed, it would go into effect January 1, 2017. If opposed, the EDA levy would not be implemented in 2017 and the economic development programs would remain unfunded. The City Council could add it as a referendum vote to the residents again next year and if passed the second time, it would go into effect January 1, 2018. Respectfully submitted, _______________________ Brain Beeman Business Development Coordinator Attachments: Item 02 – Attachment 1, EDA Levy, EDC Staff Report from July, 15, 2016. Item 02 – Attachment 2, Sample Tax Impact EDA Levy 2017.