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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�,��,� <br />and Dawn Bittner, Zoning Ad '-- stratc <br />1. Call Meetin� to Order ///��/% <br />/ � ,/�, <br />�� �%, ���j <br />%�//ii�.., <, i <br />The meeting was called to order by Chair �;, �hen°at 8:00 a.m. <br />2 <br />� <br />Approval of 4-16-2013 EDC Min <br />COMMISSIONER RIECK MOVED TO A <br />MINUTES. COMMISSI01��,1VIERRITT <br />MOTION CARRIED 4-0. <br />Urban and Rural Taxin� Districts <br />Jack <br />not c <br />BLAEDC; <br />VE THE 4/16/2013 EDC <br />�1DED THE MOTION. <br />hat the EI�;� hopes to'�do that the Council themselves is <br />The E �eviewec�� �ri � /���ided by Springsted for the urban and rural <br />di ; ���t�f� analy �%�'he ana y f§ consisted of a 6-year phase in of the current <br />t� <br />ral tax rate�to ihat of th�;� j�ba � tax rate. The anal ysis provided the im pact of the <br />� se-in on various ro e i�es. The EDC reviewed the im act on ro erties <br />��i. P� p�;; � P p p P <br />in the rural and urban <br />The ta���.marke��lue in the rural district is larger than that in the urban <br />district. B����S/��this, the property owners in the rural district will realize a <br />smaller incre�� han the decrease that the urban area property owners will <br />realize. i' <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 />