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City of <br /> Elk - Request for Action <br /> River O. <br /> To Item Number <br /> Mayor and City Council 8.4 <br /> Agenda Section Meeting Date Prepared by <br /> General Business September 2, 2014 Tim Simon, Finance Director <br /> Item Description Reviewed by <br /> Set EDA and HRA Property Tax Levies Cal Portner, City Administrator <br /> • Resolution for Housing and Redevelopment Reviewed by <br /> Authority Tax Levy <br /> • Resolution for Economic Development <br /> Authority Tax Levy <br /> Action Requested <br /> The Council is asked to adopt by separate motions the following resolutions: <br /> 1. Resolution approving the Housing and Redevelopment Authority 2015 tax levy. <br /> 2. Resolution approving the Elk River Economic Development Authority 2015 tax levy. <br /> Background/Discussion <br /> The Council must approve the proposed tax levy for the Housing and Redevelopment Authority (HRA) <br /> and Economic Development Authority (EDA) for certification to the County Auditor on or before <br /> September 15, 2014. The city maximum tax levy must be certified by September 30, 2014. <br /> The HRA and EDA rates did not change from 2014 and have been approved by both commissions. The <br /> HRA approved their budget and levy on August 4, 2014. The EDA approved their budget and levy on <br /> August 18, 2014. <br /> Financial Impact <br /> Various tax levies for collection in 2015. <br /> Attachments <br /> • Resolution approving the Housing and Redevelopment Authority 2015 tax levy <br /> • Resolution approving the 2015 tax levy for economic development purposes for the Elk River <br /> Economic Development Authority <br /> P a w E A E U s r <br /> Template Updated 4/14 INIM UREI <br />