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08-01-2016 WS
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1/28/2025 4:49:18 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
8/1/2016
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City Council Document Type
City Council Packets
Date
8/1/2016
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July 15, 2016 EDC Meeting <br />Item 5A – EDA Levy <br />Page 6 of 8 <br />What are these cities accomplishing with their EDA/HRA levies? Staff polled <br />organizations listed on the previous chart. Below is a list of their responses. <br /> <br />City of Columbus: Advertise/Branding, Marketing, Attracting New Development & <br />Businesses-Retaining Current Businesses, Shovel Ready Program, and website. <br /> <br />City of Dayton: small incentives; a business summit that we hope will be an annual event; <br />and other city marketing improvements to encourage new businesses. <br /> <br />City of Hutchinson: Our EDA levy supports the operations area of our budget. We typically <br />don’t use any of those dollars to support program activities (those are operated through <br />separate funds). Consequently, levy dollars pay for staffing primarily, along with our <br />marketing. Salaries, Office Supplies, Operating Supplies, Professional Development, <br />Travel, Software & Licensing, Advertising, Dues & Subscriptions, Business Retention & <br />Expansion, Downtown Improvement, Industrial Park Recruitment, Skilled Workforce <br />Development, Fund local loan programs, update policies, etc. <br /> <br />City of North Branch: In 2009 we issued bonds for land purchases that the City made for a <br />multi-use development (housing, commercial and industrial). Our HRA/EDA levy is solely <br />used to pay the bonds for the industrial land purchases. Our operational budget for EDA <br />activities is through our general fund levy. <br /> <br />City Brooklyn Park: The City of Brooklyn Park created its EDA in 1989 and set EDA/HRA <br />levies in the early 1990s. The EDA oversees both levies as we do not operat e an <br />HRA. The EDA/HRA levies are two funding sources that contribute to the funding of a <br />number of programs. Marketing, Video Promotion, print advertising campaign, launching <br />merchandise sales in City Hall. Vision of Light Rail Transit Station: artistic renderings for <br />planning purposes, DEED Site Selector Program, Open to Business Program, funding of <br />the SAC/WAC Deferral Program, Business Forward Forum, Annual Banker Breakfast, and <br />Redesign Newsletter. <br /> <br />City of Prior Lake: The largest piece of the budget pays for ½ salary/benefits for two staff <br />persons (myself and the Community Development Specialist). Another piece relates to the <br />operation of a small business incubator program. The City created a Targeted Commercial <br />Assistance Program to support retention of existing gateway center businesses, Salaries, <br />Training & Professional Development, legal fees, dues, SAC Deferred Loan Program, etc. <br /> <br />City of Watertown: The EDA currently supports a building façade and Revolving Loan Fund <br />(RLF) program in addition to downtown free downtown WIFI. One of our most recent items <br />is the acquisition of a former county public works site that we are working to redevelop. The
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