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ECONOMIC DEVELOPMENT COMMITTEE <br /> APRIL 16,2013 <br /> MEETING MINUTES <br /> MEMBERS PRESENT: Mark Jurchen, Cindy Roggenkamp, Barb Merritt, Cindy <br /> Rieck, and Tommy Woog <br /> ALSO PRESENT: Sandy Peine, City Clerk; Sheila Haverkamp, BLAEDC; <br /> Dawn Bittner,Zoning Administrator and Mayor Adams <br /> 1. Call Meeting to Order <br /> The meeting was called to order by Chair Jurche 4, t 8:0 ' %' •. <br /> 2. Approval of 3-19-2013 EDC Minutes " <br /> iii, fr <br /> COMMISSIONER ROGGENKA ' : , ED APPROVE <br /> 3/19/2013 EDC MINUTES. COMMISSI 6' ' °EltRITT SE 1 NDED <br /> THE MOTION. MOTION CARRIED 5-0. , <br /> ref <br /> 3. Urban and Rural Taxin• Distri % , <br /> The EDC reviewed the S rin sted. ro •< ''- san and rural district tax rate <br /> analysis. The E�.?' ed to note t ' ey wou % ike to see the affect on the <br /> residential pr•- rttes �`, tax rates -re the same in the urban and rural districts. <br /> The EDC ,hat the ould also lid to see how the equalization of taxes <br /> would affect th-✓: + - city tax rat's e EDC is interested in trying to <br /> lower +- omme <br /> ,- ff' <br /> as the co ' -„ s o k D to have Springsted complete an analysis of a <br /> se-in of the c '':. t rur. >`a rate to that of the urban tax rate and to outline the <br /> i t to various ∎%•aye:s ased on the following objectives: <br /> 1. %�;, an an. is be done on as many property classifications as possible, <br /> bu !:,fie ;° fi y on the following: <br /> A. { -sidential <br /> B. Lakeshore <br /> C. Non-lakeshore <br /> D. Homestead <br /> E. Non-homestead <br /> F. Commercial <br /> 2. That the phase-in period for the urban tax rate to the rural tax rate is 6 <br /> years which is the same phase-in period used for the commercial property <br /> in the original annexation agreement. <br /> 3. That the tax rate is based on the 2013 levy with the knowledge that the tax <br /> rate will be affected by either an increase or decrease in the levy in future <br /> years. <br />