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<br />Item No: 8.A.2. <br />Meeting Date: December 9, 2025 <br />Type of Business: Council Business <br />City Administrator Review: ______ <br />City of Mounds View Staff Report <br />To: City Council <br />From: Gayle Bauman, Finance Director <br />Item Title/Subject: Resolution 10183 Approving the EDA Property Tax Levy Request <br />for Fiscal Year 2026 <br /> <br /> <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 />City Council, as part of the Strategic Plan, indicated that maintaining this levy is a priority. The EDA <br />established levies in 2017 to help accomplish some of the above goals. No change in the levy is <br />being proposed for 2026. <br /> <br />The EDA adopted a request to the City to levy $160,000 on behalf of the EDA at the August 25, <br />2025 meeting and the City Council approved that request at the September 8, 2025 meeting and <br />there is no change in that request since preliminary adoption. <br /> <br />Staff recommends that the City Council approve the attached resolution adopting the 2026 <br />property tax levy. <br /> <br /> <br />Respectfully submitted, <br /> <br /> ___________________________ <br />Gayle Bauman <br />Finance Director <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />