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File #: Res. 2021-084    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/11/2021 In control: City Council
On agenda: 9/21/2021 Final action: 9/21/2021
Title: Consideration of Resolution Adopting Proposed 2021 Northfield Economic Development Authority (EDA) and Northfield Housing & Redevelopment (HRA) Tax Levies Payable in 2022.
Attachments: 1. 2021 Resolution for 2022 Preliminary EDA HRA levy
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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City Council Meeting Date:                     September 21, 2021

 

To:                                          Mayor and City Council

                                          

From:                                          Ben Martig, City Administrator

Brenda Angelstad, Finance Director

 

Title

Consideration of Resolution Adopting Proposed 2021 Northfield Economic Development Authority (EDA) and Northfield Housing & Redevelopment (HRA) Tax Levies Payable in 2022.

 

Body

Action Requested:                     

Staff recommends approval of the attached Resolution Adopting Proposed 2021 Tax Levies Payable in 2022 with preliminary levy increases of approximately 10% from 2021 to 2022.

 

Summary Report:

Attached is the proposed levies for the EDA and the HRA.  The levies represents an increase of 10.1% and 10.3 respectively.  This increase is based on prior year net tax capacity.

 

Alternative Options:

Council can choose to pass a lower levy than the EDA is recommending.

 

Financial Impacts:                     

This levy impacts the EDA budget.

 

Tentative Timelines:                     

                     The preliminary levy must be submitted to the county by September 30, 2021.

                     The final levy will be considered for adoption in December 2021, at least after the public hearing on December 7, 2021.