081621 EDA Complete AgendaECONOMIC DEVELOPMENT AUTHORITY MEETING
RICHFIELD MUNICIPAL CENTER, COUNCIL CHAMBERS
AUGUST 16, 2021
7:15 PM (IMMEDIATELY FOLLOWING THE HRA MEETING)
Call to Order
Oath of office of Richfield Economic Development Authority Commissioner, Lee Ohnesorge.
Open Forum: To participate live in the open forum to address the HRA on items not on the current agenda dial 612-861-
0651
Approval of the Minutes
Approval of the minutes of the regular Economic Development Authority meeting of April 19, 2021.
AGENDA APPROVAL
1.Approval of the Agenda
RESOLUTIONS
2.Consider resolutions approving proposed property tax levy for payable 2022 for certification to Hennepin County.
Staff Report No. 6
EDA DISCUSSION ITEMS
3.EDA Discussion Items
EXECUTIVE DIRECTOR REPORT
4.Executive Director's Report
CLAIMS
5.Claims
6.Adjournment
Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96
hours in advance to the City Clerk at 612-861-9738.
ECONOMIC DEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
April 19, 2021
CALL TO ORDER
The meeting was called to order by President Supple at 8:04 p.m. via Webex.
EDA Members Mary Supple, President; Maria Regan Gonzalez; Sue Sandahl; Lee
Ohnesorge; and Erin Vrieze Daniels.
EDA Members
Absent None
Staff Present: John Stark, Executive Director; Julie Urban, Housing Manager; and LaTonia
DuBois, Administrative Assistant.
OPEN FORUM
President Supple provided instructions to call in for the open forum.
No callers.
APPROVAL OF THE MINUTES
M/Sandahl, S/Regan Gonzalez to approve the regular Economic Development Authority
meeting minutes of January 19, 2020.
Motion carried 5-0
Item #1
APPROVAL OF THE AGENDA
M/Sandahl, S/Regan Gonzalez, to approve the agenda.
Motion carried 5-0
Item #2
CONSIDER THE ADOPTION OF A RESOLUTION APPROVING REVISIONS TO
THE INCLUSIONARY AFFORDABLE HOUSING POLICY. (S.R. NO. 5)
EDA Meeting Minutes -2- April 19, 2021
Executive Director Stark explained this is the same item approved by the Housing and
Redevelopment Authority meeting earlier this evening and explained the resolution lists the
appropriate percentages, but the attachment has an error and motion should be made to approve
the Policy with adjustments.
Housing Manager Urban presented an overview of the Staff Report No. 5
M/Sandahl, S/Regan Gonzalez to adopt a resolution approving revisions to the Inclusionary
Affordable Housing Policy with the percentages as set forth on the front page of the staff report.
Motion carried 5-0
Item #3
EDA DISCUSSION ITEMS
Commissioner Vrieze Daniels inquired about where businesses located in the future Lynk65
site may be relocating to.
Executive Director Stark informed the Commission that several businesses have reached
out for the EDA’s business grant and that several are remaining in the community including Lyn 65.
Item #4
EXECUTIVE DIRECTOR REPORT
None
Item #5
CLAIMS AND PAYROLLS
M/Sandahl, S/Regan Gonzalez that the following claims and payroll be approved:
U.S. BANK 4/19/2021
EDA Checks: 20633-20646 $8,724.00
TOTAL $8,724.00
Motion carried 5-0
Item #8
ADJOURNMENT
The meeting was adjourned by unanimous consent at 8:15 p.m.
Date Approved:, 2021
Mary B. Supple
President
LaTonia DuBois John Stark
Administrative Assistant Executive Director
AGENDA SECTION:RESOLUTIONS
AGENDA ITEM #2.
STAFF REPORT NO. 6
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
8/16/2021
REPORT PREPARED BY: Chris Regis, Finance Director
OTHER DEPARTMENT REVIEW: N/A
EXECUTIVE DIRECTOR REVIEW: John Stark, Executive Director
8/10/2021
ITEM FOR COUNCIL CONSIDERATION:
Consider resolutions approving proposed property tax levy for payable 2022 for certification to
Hennepin County.
EXECUTIVE SUMMARY:
The bylaws of the Richfield Economic Development Authority (EDA) require that an annual budget be
submitted to the EDA Commissioners for approval. Accordingly, the 2022 Proposed Budget and Tax Levy and
2021 Revised Budget are presented for approval.
In addition, Minnesota State Statutes require adoption of a preliminary tax levy from each taxing authority.
The proposed tax levy must be certified to the Hennepin County Auditor by September 30, 2021. Any
amendments to the proposed budget, which would increase the property tax levy, must be made prior to
September 30, 2021. No increases in the tax levy are permissible after that date, only reductions. Final
certification of the EDA tax levy is part of the City’s budget process.
The recommended tax levy as proposed represents a 3.00% increase from the previous year’s levy.
RECOMMENDED ACTION:
By motion: Adopt the attached resolutions approving the 2022 Proposed Economic Development
Authority Budget and Tax Levy and 2021 Revised Economic Development Authority Budget.
BASIS OF RECOMMENDATION:
A.HISTORICAL CONTEXT
N/A
B.POLICIES (resolutions, ordinances, regulations, statutes, etc):
Minnesota Statutes require adoption of a preliminary levy from each taxing authority.
The budget and accompanying proposed levy for 2022 are ready for consideration.
Even though a public hearing for the EDA tax levy is not required by State Statute, this does not
preclude the EDA from opening this item up for public discussion if the EDA desires to do so.
C.CRITICAL TIMING ISSUES:
As required by State Statutes, each taxing authority must certify its proposed tax levy for the
payable year 2022 to the County Auditor on or before September 30, 2021.
D.FINANCIAL IMPACT:
The Proposed 2022 EDA levy represents a 3.00% increase from the previous year’s levy.
The levy is approximately $171,651 less than the maximum EDA levy established by law of the
.01813% of the City’s total estimated taxable market value.
E.LEGAL CONSIDERATION:
N/A
ALTERNATIVE RECOMMENDATION(S):
The EDA could adopt a preliminary levy greater than the one proposed herein. However, the levy
proposed provides the necessary funding to provide for programs that are recommended in the 2022
Proposed/2021 Revised budget.
PRINCIPAL PARTIES EXPECTED AT MEETING:
N/A
ATTACHMENTS:
Description Type
2022 EDA Proposed Budget and Tax Levy Resolution Resolution Letter
2022 EDA Revised Budget Resolution Resolution Letter
EDA RESOLUTION NO.
RESOLUTION APPROVING PROPOSED 2022 ECONOMIC DEVELOPMENT
AUTHORITY BUDGET AND CERTIFYING THE 2022 TAX LEVY
BE IT RESOLVED by the Housing and Redevelopment Authority of the City of
Richfield, Minnesota as follows:
Section 1. The budget for the Economic Development Authority
General Fund of Richfield for the year 2022 in the amount of
$550,660 is hereby ratified.
Section 2. The estimated gross revenue of the Economic Development
Authority General Fund of Richfield from all sources, including
general ad valorem tax levies as hereinafter set forth for the year
2022, and as the same are more fully detailed in the Executive
Director’s official copy of the budget for the year 2022, in the
amount of $563,600 is hereby approved.
Section 3. There is hereby levied upon all taxable property in the City of
Richfield an ad valorem tax in 2021, payable in 2022 for the
following purposes:
Economic Development Authority $556,823
Section 4. A certified copy of this resolution shall be transmitted to the County
Auditor.
Adopted by the Economic Development Authority in and for the City of Richfield,
Minnesota this 16th day of August, 2021.
Mary B. Supple, President
ATTEST:
John Stark, Executive Director
EDA RESOLUTION NO.
RESOLUTION AUTHORIZING REVISION OF THE 2021 BUDGET OF THE
ECONOMIC DEVELOPMENT AUTHORITY OF RICHFIELD
WHEREAS, Resolution No. 24 appropriated funds for personal services and other
expenses for the Economic Development Authority for the year 2021, and
WHEREAS, The Executive Director has requested a revision of the 2021 budget as
detailed in the 2022 budget document.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
of Richfield, Minnesota as follows:
Section 1. That the 2021 appropriation for the Economic Development Authority
General Fund is revised as follows:
$166,490 increase
Section 2. Estimated 2021 gross revenue of the Economic Development
Authority General Fund from all sources, as the same is more fully
detailed in the Executive Director’s official copy of the 2022 budget
document, are hereby revised as follows:
$0 no change
Section 3. That the Executive Director bring into effect the provisions of this
resolution.
Adopted by the Economic Development Authority in and for the City of Richfield,
Minnesota this 16th day of August, 2021.
Mary B. Supple, President
ATTEST:
John Stark, Executive Director