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Mounds View EDA August 28, 2017 Regular Meeting Page 2 Ayes – 5 Nays – 0 Motion carried. 1 2 6. CONSENT AGENDA 3 4 None. 5 6 7. EDA BUSINESS 7 8 A. Resolution 17-EDA-301 Approving a Preliminary EDA Property Tax Levy 9 Request and Budget for Fiscal Year 2018. 10 11 Finance Director Beer requested the EDA approve a preliminary EDA Property Tax Levy request 12 and Budget for 2018. He explained the EDA used to be funded through administrative money 13 collected by three separate TIF Districts. He reported these TIF Districts have since decertified 14 and therefore an EDA property tax levy was created in 2017. He provided further comment on 15 the proposed 2018 budget and levy and recommended approval. 16 17 President Mueller questioned how EDA salaries would be paid in 2018 if the EDA levy was not 18 approved. Finance Director Beer explained the EDA would have to terminate the employee or 19 transfer this position to the General Fund. 20 21 President Mueller asked if a traffic study for the proposed Boulevard development would be 22 funded by the EDA. Finance Director Beer stated typically traffic studies are typically completed 23 by the developer. He indicated an additional traffic study could be completed by the City and 24 would then be funded by the EDA. 25 26 MOTION/SECOND: Mueller/Meehlhause. To Waive the Reading and Adopt Resolution 17-27 EDA-301, Approving a Preliminary EDA Property Tax Levy Request and Budget for Fiscal Year 28 2018. 29 30 Commissioner Meehlhause noted the EDA budget and tax levy could be reduced by the EDA 31 between September and December. Finance Director Beer reported this was the case. 32 33 President Mueller asked if the monument sign expenses would come out of the EDA budget. 34 Finance Director Beer stated this was not an EDA expense. 35 36 Ayes – 5 Nays – 0 Motion carried. 37 38 8. REPORTS 39 40 None. 41 42