04-16-2013 EDC Minutes - Laserfiche WebLink

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ECONOMIC DEVELOPMENT COMMITTEE APRIL 16,2013 MEETING MINUTES MEMBERS PRESENT: Mark Jurchen, Cindy Roggenkamp, Barb Merritt, Cindy Rieck, and Tommy Woog ALSO PRESENT: Sandy Peine, City Clerk; Sheila Haverkamp, BLAEDC; Dawn Bittner, Zoning Administrator; and Mayor Adams 1. Call Meeting to Order The meeting was called to order by Chair Jurchen at 8:01 a.m. 2. Approval of 3-19-2013 EDC Minutes COMMISSIONER ROGGENKAMP MOVED TO APPROVE THE 3/19/2013 EDC MINUTES. COMMISSIONER MERRITT SECONDED THE MOTION. MOTION CARRIED 5-0. 3. Urban and Rural Taxing Districts The EDC reviewed the Springsted proposal for the urban and rural district tax rate analysis. The EDC wanted to note that they would like to see the affect on the residential properties if the tax rates were the same in the urban and rural districts. The EDC stated that they would also like to see how the equalization of taxes would affect the commercial city tax rate. The EDC is interested in trying to lower the commercial tax rates. It was the consensus of the EDC to have Springsted complete an analysis of a phase-in of the current rural tax rate to that of the urban tax rate and to outline the impact to various tax payers based on the following objectives: 1. That an analysis be done on as many property classifications as possible, but especially on the following: A. Residential B. Lakeshore C. Non-lakeshore D. Homestead E. Non-homestead F. Commercial 2. That the phase-in period for the urban tax rate to the rural tax rate is 6 years which is the same phase-in period used for the commercial property in the original annexation agreement. 3. That the tax rate is based on the 2013 levy with the knowledge that the tax rate will be affected by either an increase or decrease in the levy in future years.