HomeMy WebLinkAboutResolution 25-EDA-377 - 2025/08/25RESOLUTION NO. 25-EDA-377
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING THE PRELIMINARY EDA PROPERTY TAX LEVY REQUEST FOR FISCAL
YEAR 2026
WHEREAS, the Mounds View Economic Development Authority may request the
establishment of a special benefit tax pursuant to Minnesota Statutes 469.107, Subdivision 1.
NOW, THEREFORE, BE IT RESOLVED, by the Mounds View Economic Development
Authority that there be and hereby requested a levy on the taxable property of the City of
Mounds View, Ramsey County, Minnesota for fiscal year 2026, a special benefit tax not to
exceed $160,000, which amount will be included in the City's proposed levy.
Adopted this 25th Day of August 2025.
(ATTEST)
(SEAL)
L—C; �
Gary eehlhause, ED President
`Z
Y—zi>wund, Executive Director
486853v2 AMB MU205-13
CITY OF MOUNDS VIEW
EDA Fund (230)
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
2025
2022 2023 2024 ORIGINAL
ACTUAL ACTUAL ACTUAL BUDGET
Revenues:
Property Taxes
Interest on Notes
Miscellaneous
Total revenues
Expenditures:
Personnel services
Materials & supplies
Other services & charges
Loans/Subsidies
Total expenditures
Excess (deficit) of revenue
over expenditures
Other financing sources (uses):
Transfers in (out)
General Fund
TIF #5
TIF #6
TIF #7
Net increase (decrease) in fund balance
Fund balance -January 1
Fund balance - December 31
Change in current assets
Change in current liabilities
Notes Receivable
Land Held for Resale
Net increase (decrease) in cash
Cash balance -January 1
Cash balance - December 31
2025 BUDGET
RE -EST. 2026
97,532 100,000 100,000 160,000 160,000 160,000
367 613 875 - - -
57,547 - - - -
155,447 100,613 100,875 160,000 160,000 160,000
155,857
166,885
182,198
155,870
155,870
89,880
-
-
27
200
200
200
36,987
34,298
30,036
44,705
44,705
31,975
16,050
13,728
25,000
15,000
15,000
60,000
208,893
214,910
237,260
215,775
215,775
182,055
(53,447) (114,298) (136,386) (55,775) (55,775) (22,055)
50,000
61,000
50,000
-
-
-
91,484
83,197
87,020
90,470
90,470
90,740
8,149
-
2,987
4,195
4,195
130
-
-
6,666
5,795
5,795
4,050
96,186
29,899
10,287
44,685
44,685
72,865
1,303, 612
1,399,798
1,429, 697
1,439,985
1,439,985
1,484,670
1,399,798
1,429,697
1,439,985 1,484,670 1,484,670 1,557,535
297,777
45,484
(2,400) - - -
(6,038)
(43,258)
(5,790)
(35,661)
(2,507)
(43,545) (50,000) (50,000) (26,500)
521,706
(310,582)
(300,727) (350,000) (350,000)
873,971
(280,964)
(342,175)
(355,315)
(355,315)
46,365
165,178
1,039,149
758,185
416,010
416,010
60,695
1,039,149 758,185 416,010 60,695 60,695 107,060
Fund: 230 EDA
Fund: 230 Department: 4650
Housing and Economic Developmem ,
ACTUAL
ACTUAL
ACTUAL
BUDGET
BUDGET
Account
Description
2022
2023
2024
2025
2026 Description
1600
Supplies, operating
-
-
27
200
200 Misc supplies
3030
Other professional services
4,000
4,000 Legal fees for development reviews
5,000
5,000 Financial consultant fees (Ehlers)
12,000
12,000 Special project consultant fees
2,180
2,220 5% of audit (24 (for 23)44,370, 25 (for 24)43,605, 26 (for 25)-44,360)
5,500
5,500 Loan Program and Energy Audit Consultant (CEE)
2,500
- Marketing Consultant fees
27,090
24,735
11,948
31,180
28,720
3100
Telephone
550
600
600
600
600 Cell phone service (1) employee
3420
Advertising
-
2,856
140
1,500
1,500 Targeted advertisements.
3610
Memberships
400
350 Economic Development Assoc of MN (EDAM)
250
550 Twin Cities North Chamber of Commerce dues
300
300 Mn Real Estate Exchangers (MREE)
1,950 Nat'l Council of Exchangers annual (NCE) ($1,895 in 2025)
595
1,805
1,805
950
3,150
3630
Training & conferences
275
275 Ehlers Finance Seminar
1,200
1,200 EDAM spring/summer conferences
1,480
250 Other miscellaneous training
790
530
1,545
2,955
1,725
3900
Mileage
1,937
1,022
1,035
1,500
1,500 Misc. mileage
4750
Real Estate Taxes
-
-
7,064
-
- Taxes on acquired property
4800
Insurance
513
603
824
320
280 Insurance policy premiums
5210
Housing programs
-
4,200
26,500 Home Improve/Mobile Home/Emergency Repair
1,500
1,500 Home Energy Squad (City pays 50% of Fee for Residents to get an energy audit)
5,512
2,146
5,075
5,700
28,000
7050
Capital, real estate
-
-
-
350,000
- Property - request budget adjustment if one occurs
9300
Business loans/subsidies/grants
-
50,000
26,500 Business improvement partnership loans/subsidies/grants
15,000
- EDA forgivable loan program
16,050
13,728
25,000
65,000
26,500
53,037
48,026
55,062
459,905
92,175
-9.45%
14.65%
735.24%
-79.96%