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Mounds View EDA September 12, 2016 Regular Meeting Page 3 Commissioner Hull questioned if the EDA could approve an HRA levy without going before the voters. Executive Director Ericson stated this would be allowed without a vote. He indicated that after much discussion between staff and the City Attorney staff was comfortable moving forward with the proposed tax levy. He explained that the City would move forward with this item following all State Statutes. Commissioner Hull asked if the City could move monies from the General Fund to the EDA. Executive Director Ericson commented this would be allowed and noted a $50,000 transfer was already occurring. He reported that the City would have to operate within the confines of the levy cap if the EDA were to proceed in this manner. President Flaherty appreciated the questions and comments brought forward by Mr. Amundson and assured the residents that the EDA would move forward in accordance with all State Statutes. He indicated the EDA had until September 15th to certify a Special Levy with the County. He supported the proposed levy moving forward with the knowledge that the matter would be further discussed. Commissioner Mueller asked if the Crossroad Pointe development would qualify for the HRA tax levy funding. Executive Director Ericson stated this may be the case but the final details would have to be worked out with the developer. Commissioner Mueller questioned how much funding could be set aside for the EDA if a 3.4% tax levy were approved. Finance Director Beer reported just under $40,000 could be earmarked for the EDA if the City were to proceed in this manner. MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 16- EDA-293, Approving the Special Benefit Tax Levy for the Purpose of Defraying the Costs Incurred by the Mounds View Economic Development Authority for Fiscal Year 2017. Commissioner Meehlhause suggested City Attorney Riggs attend the Truth in Taxation meeting to address some of the questions raised by Mr. Amundson. Commissioner Mueller asked if it would make sense to have this levy be for only one year. Executive Director Ericson stated this was the request. Ayes – 5 Nays – 0 Motion carried. 8. REPORTS Executive Director Ericson reported The Beard Group was looking for additional funding opportunities for Crossroad Pointe. He anticipated The Beard Group would be coming back to the City Council before the end of the year with more specifics on their development.