2016-08-29_EDA_Agenda_Packet - Laserfiche WebLink

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REQUEST FOR ECONOMIC DEVELOPMENTAUTHORITY ACTION Date:August 29, 2016 Item No.: 8.c Department ApprovalCity Manager Approval Item Description:Consider2017 Economic Development Authority Budget Options and Adopt a Resolution Adopting A Preliminary Tax Levy in 2016 Collectible in 2017 1 B ACKGROUND 2 Per the by-laws adopted by the Roseville Economic Development Authority(REDA), the REDA must 3 review and recommend a preliminary budget the first meeting in August. Staff has put together the 4 attached budget (Attachment A) with a range of options for consideration. Included in the budget are 5 three staffing options in an effort to align staffing and staffing capacity with the priorities articulated by 6 the REDA. The maximum amount the REDA can levy for2017 is $787,000. 7 8 To requesta preliminaryEDA levy,the REDA must adopt a budget for subsequent considerationbythe 9 City Councilvia resolution. The 2017 EDApreliminary budget is scheduled to go to the City Council 10 on September 12. Assuming approval, the REDA budget will be includedin the City budget and levy 11 request that is submitted to RamseyCounty.Once the initial EDAlevy request is approved in August, 12 the levy can still be lowered but cannot be raised above the preliminary level.No EDA levy was 13 approved in2016,howeverin 2014 and 2015the HRA levy was $703,579. The impact on a median- 14 valued home of approximately $226,800will rangedepending on the 2017 budget option selected. 15 The attached budgetspreadsheetreflects the cost of three varying budgetoptionsincluding three 16 different staffing structures.Funds for programmingin each budget option are the same with the 17 exception of the as-is option, Option 1. Option 1 does not include any funds dedicated to site 18 acquisition. 19 STAFFING OPTIONS 20 In 2016, $177,000 was allocated to housing and economic development staffing.In an effort to align 21 staff with the priorities of the REDA, the Interim Community Development Director has developed 22 three staffing options for REDA consideration. 23 24 Option 1 –Existing Staff Structure 25 Staffing Option1 reflects the current 2016 staffing structure, with one staffing reclassification 26 suggested. Due to the conversion from a Housing and Redevelopment Authority (HRA) to an Economic 27 Development Authority (EDA), the only change that must be considered is thereclassification of the 28 HRA Executive Director. In Option 1,the HRA Executive Director would be reclassified to a Housing 29 & Economic Development Program Manager. The reclassification would result in a small salary 30 decrease as this role would no longer have the responsibilities and authority managing a monthly board. 31 The role would continue to assist the Community Development Director in managing existing housing 32 programs, business retention/visitation/outreach efforts, and review public assistance applications. This 33 Page 1of 5