Laserfiche WebLink
HRA Levy by EDA approved by City Council <br />2003 (Pay 2004) Taxable Market Value $1,620,183,500 <br />Statutory Maximum Levy Rate 0.0144% <br />Maximum Levy Amount $233,306.42 <br />Tax Levy per Dollar of Market Value (Max. $ <br />Levy) 0.000144 <br /> $ <br />Tax Levy for $150,000 home 21.60 <br /> $ <br />Tax Levy for $200,000 home 28.80 <br /> $ <br />Hypothetical Levy Amount(s) 100,000 $ 150,000 <br /> $ <br />Tax Levy per Dollar of Market Value 0.000062 $ 0.000093 <br /> $ <br />Tax Levy for $150,000 home 9.26 $ 13.89 <br /> $ <br />Tax Levy for $200,000 home 12.34 $ 18.52 <br /> <br />Recommendation: <br /> <br />In order to address future needs for land acquisition and participate in future redevelopment <br />opportunities, it would be prudent for the EDA to seek additional funding and to recommend to <br />City Council to levy the full amount of $233,306.42 utilizing the HRA Levy. <br /> <br />Review Chccldist: <br /> <br />City Administrator, Jim Norman <br />Associate Planner, Amy Geisler <br />Finance Director, Diana Lund <br /> <br />El)A: 09.08.03 <br /> <br />14 <br /> <br /> <br />