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ECONOMIC DEVELOPMENT COMMITTEE <br /> MAY 21, 2013 <br /> MEETING MINUTES <br /> MEMBERS PRESENT: Mark Jurchen, Barb Merritt, Cindy Rieck, and Cindy <br /> Roggenkamp <br /> MEMBERS ABSENT: Tommy Woog <br /> ALSO PRESENT: Sandy Peine, City Clerk; Sheila H =',;amp, BLAEDC; <br /> and Dawn Bittner, Zoning Ad strator <br /> >>/ <br /> 1. Call Meeting to Order , /// <br /> The meeting was called to order by Chair » chen''at 8:00 a.m. �Oj0 <br /> 2. Approval of 4-16-2013 EDC Minute <br /> COMMISSIONER RIECK MOVED TO A OVE THE 4/16/2013 EDC <br /> MINUTES. COMMISSION ERRITT S �� DED THE MOTION. <br /> MOTION CARRIED 4-0. /4'' <br /> e <br /> 3. Urban and Rural Taxing Districts %, �/////f� <br /> ,;;,Atee /��' x,/,/ <br /> Jack Schmidt hat the E hopes to do that the Council themselves is <br /> not capabl= i .•ing. <br /> The E D eviewe6/ -:./ A ded by Springsted for the urban and rural <br /> di ., .//: / ,�/naly"-::� he ana y' consisted of a 6-year phase in of the current <br /> dal tax rate Y .:-,t oft -- bar}tax rate. The analysis provided the impact of the <br /> 4,se-in on vary•' :.•rope J pes. The EDC reviewed the impact on properties <br /> b� the rural . ban districts. <br /> <#2 <br /> The tax market lue in the rural district is larger than that in the urban <br /> district. Bse/r�.<�r'this, the property owners in the rural district will realize a <br /> smaller incre 1' an the decrease that the urban area property owners will <br /> realize. <br /> Chair Jurchen stated that the Springsted study used a six-year phase in because <br /> that is what was used in the original annexation agreement for the commercial <br /> properties. He stated that a six-year phase-in to equalize the remaining properties <br /> is too long. He noted that this must be done in a manner that is fair to all property <br /> owners and suggested a three-year phase-in period. <br /> John Derksen stated that this has been a concern for many years, but nothing has <br /> ever been done to correct it. Cindy Roggenkamp stated that the EDC is in the <br /> process of studying the issue and will be making a recommendation to the <br />