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REQUEST FOR COUNCIL ACTION <br /> Date: 9/10/12 <br /> Item No.: 12.c <br />Department Approval City Manager Approval <br />Item Description: Adopt the 2013 Preliminary HRA Tax Levy <br />B <br />ACKGROUND <br />1 <br />State Statute requires all municipalities that have levy authority over other governmental agencies to adopt <br />2 <br />a preliminary tax levy for that agency by September 15th for the upcoming fiscal year. The Roseville <br />3 <br />HRA, while a separate legal entity, does not have direct levy authority. The City Council must adopt a levy <br />4 <br />using its authority along with a designation that the funds go to the HRA. The Final 2013 HRA levy is <br />5 <br />scheduled to be adopted in December. Once the preliminary levy is adopted it can be lowered, but not <br />6 <br />increased. <br />7 <br />8 <br />On August 21, 2012, the HRA formally adopted a resolution calling for a 2013 Recommended Tax Levy in <br />9 <br />the amount of $698,471, an increase of $344,971 or 97% over 2012. A copy of the resolution is attached. <br />10 <br />11 <br />residential <br />The following table summarizes the estimated tax impact on homes, based on the HRA’s <br />12 <br />recommended 2013 tax levy, estimates provided by Ramsey County, and assuming no change in property <br />13 <br />valuation. <br />14 <br />15 <br />16 <br />Value of 20122013$ Increase % Increase <br />HomeActualEstimated(decrease)(decrease) <br />$ 160,000 $ 14$ 26$ 12 82.5 % <br /> 180,000 16301382.5 % <br /> 206,300 19341582.5 % <br /> 220,000 20361682.5 % <br /> 240,000 22391882.5 % <br />17 <br />18 <br />The amounts shown above are independent of the impact that results from the City’s tax levy. <br />19 <br />20 <br />Page 1 of 3 <br /> <br />