City Council Meeting Date: December 3, 2019
To: Mayor and City Council
City Administrator
From: Brenda Angelstad, Finance Director
Title
Consider Adopting the 2019/Payable 2020 HRA Tax Levy.
Body
Action Requested:
The Northfield City Council approves the attached resolution adopting a final levy for the HRA.
Summary Report:
Attached is the final levy resolution for the HRA. The HRA is proposing a 4.3% increase, to correspond with an early estimate of the City’s taxable market value increase.
Attached is the proposed HRA budget as well for your information.
Alternative Options:
Staff is not recommending an alternative. Council has had discussion on the HRA levy and based on discussion there was support for this amount.
Financial Impacts:
The levy affects the HRA budget.
Tentative Timelines:
Council must pass a final levy for the HRA in December to meet submission deadlines to Rice County.