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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 Mayar Adams <br />//�., ,, <br />1. Call Meetin� to Order ' <br />��r�i <br />The meeting was called to order by Chair Jurche t 8:0 ��'�. <br />2. <br />Approval of 3-19-2013 EDC Minutes <br />COMMISSIONER ROGGENKAIV�1�''�7� <br />3/19/2013 EDC MINUTES. COMMISSI� <br />THE MOTION. MOTION CARRIED 5-0. <br />3. Urban and Rural Taxin� D <br />The EDC reviewed the S <br />analysis. The E � e <br />residential pr rties��� <br />The EDC / hat the� <br />would affect th�� m � <br />lower i1�,�omme ��� �; <br />1 <br />� <br />3 <br />VE <br />ED <br />ingsted'� op ��" an and rural district tax rate <br />to note t , ey wou ike to see the affect on the <br />tax rates �',�re the same in the urban and rural districts. <br />�ould also li� to see how the equalization of taxes <br />�} city tax rat �he EDC is interested in trying to <br />the cori� s of'f�i DC to have Springsted complete an analysis of a <br />in of the c� nt rur rate to that of the urban tax rate and to outline the <br />; to various J�' � � aye based on the following objectives: <br />j �� <br />���'��i an anaj�is be done on as many property classifications as possible, <br />buY��ec' 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 />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 />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 />