05-21-2013 EDC Minutes - Laserfiche WebLink

Home Browse Search

ECONOMIC DEVELOPMENT COMMITTEE MAY 21,2013 MEETING MINUTES MEMBERS PRESENT: Mark Jurchen, Barb Merritt, Cindy Rieck, and Cindy Roggenkamp MEMBERS ABSENT: Tommy Woog ALSO PRESENT: Sandy Peine, City Clerk; Sheila Haverkamp, BLAEDC; and Dawn Bittner, Zoning Administrator 1. Call Meeting to Order The meeting was called to order by Chair Jurchen at 8:00 a.m. 2. Approval of 4-16-2013 EDC Minutes COMMISSIONER RIECK MOVED TO APPROVE THE 4/16/2013 EDC MINUTES. COMMISSIONER MERRITT SECONDED THE MOTION. MOTION CARRIED 4-0. 3. Urban and Rural Taxing Districts Jack Schmidt questioned what the EDC hopes to do that the Council themselves is not capable of doing. The EDC reviewed the information provided by Springsted for the urban and rural district tax rate analysis. The analysis consisted of a 6-year phase in of the current rural tax rate to that of the urban tax rate. The analysis provided the impact of the phase-in on various property types. The EDC reviewed the impact on properties both in the rural and urban districts. The taxable market value in the rural district is larger than that in the urban district. Because of this, the property owners in the rural district will realize a smaller increase than the decrease that the urban area property owners will realize. Chair Jurchen stated that the Springsted study used a six-year phase in because that is what was used in the original annexation agreement for the commercial properties. He stated that a six-year phase-in to equalize the remaining properties is too long. He noted that this must be done in a manner that is fair to all property owners and suggested a three-year phase-in period. John Derksen stated that this has been a concern for many years, but nothing has ever been done to correct it. Cindy Roggenkamp stated that the EDC is in the process of studying the issue and will be making a recommendation to the