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City of <br />Pequot <br />Lakes - <br />AGENDA ITEM #5.1 <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Sandy Peine, City Clerk <br />Date: June 4, 2013 <br />Subiect: Urban Rural Taxing District Recommendation <br />from EDC <br />Report: The Economic Development Commission has <br />reviewed the report prepared by Springsted on the urban <br />and rural taxing districts in the City. The EDC has made the <br />following recommendation to the Council: <br />CHAIR JURCHEN MOVED TO RECOMMEND THAT THE CITY <br />COUNCIL EQUALIZE THE TAXES IN THE URBAN AND RURAL <br />TAXING USING A PHASE-IN PERIOD OF NO SHORTER THAN ONE <br />YEAR AND NO LONGER THAN THREE YEARS. CINDY RIECK <br />SECONDED THE MOTION. MOTION CARRIED 4-0. <br />Springsted originally prepared the study showing a six-year <br />phase in of the rural tax district to that of the urban district. <br />When the EDC reviewed the study, they recommended that <br />the phase-in period be three years rather than six years. <br />Because of this recommendation, Springsted has also <br />prepared documents showing a three-year phase in period. <br />