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Home My WebLink About2013-12-03_WORK SESSIONAGENDA CITY COUNCILWORK SESSION WITH EDINA HOUSING FOUNDATION CITY OF EDINA, MINNESOTA COMMUNITY ROOM TUESDAY, DECEMBER 3, 2013 5:30 P.M. CALL TO ORDER II. ROLL CALL III. SOUTHWEST LRT CORRIDOR — WIDE HOUSING STRATEGY UPDATE IV. EDINA HOUSING FOUNDATION: AFFORDABLE HOUSING P SIBILITIES — STRATEGY FOR SUPPORTING A FULL RANGE OF HOUSING CHOICES V. ADJOURNMENT The City of Edina wants all residents to be comfortable being part of the public process. If you need assistance in the way of hearing amplification, an interpreter, large -print documents or something else, please call 952- 927 -8861 72 hours in advance of the meeting. SCHEDULE OF UPCOMING MEETINGS /DATES /EVENTS Tues Dec 3 Closed Session — Real Estate Acquisition 5:00 P.M. Tues Dec 3 Work Session —joint Meeting with Edina Housing Foundation 5:30 P.M. Tue Dec 3 Regular Meeting 7:00 P.M. Tues Dec 10 Special Meeting - Public Improvement Hearings 6:00 P.M. Tues Dec 17 Work Session — Residential Redevelopment Update/ 5:30 P.M. 50 & France Parking Update Tues Dec 17 Regular Meeting 7:00 P.M. Tues Dec 24 CHRISTMAS EVE HOLIDAY OBSERVED —City Hall Closed at Noon Wed Dec 25 CHRISTMAS DAY HOLIDAY OBSERVED — City Hall Closed Tues Dec 31 NEW YEAR'S EVE HOLIDAY OBSERVED — City Hall Closed at Noon Wed Jan 1 NEW YEAR'S DAY HOLIDAY OBSERVED —City Hall Closed Tues Jan 7 Work Session - TBD 5:30 P.M. Tues Jan 7 Regular Meeting 7:00 P.M. Mon Jan 20 REV. DR. MARTIN LUTHER KING JR., HOLIDAY OBSERVED — City Hall Closed Tues Jan 21 Work Session — Grandview Advisory Team 5:30 P.M. Tues Jan 21 Regular Meeting 7:00 P.M. in Feb 3 Work Session —TBD 5:30 P.M. .ion Feb 3 Regular Meeting 7:00 P.M. Mon Feb 17 PRESIDENTS DAY HOLIDAY OBSERVED — City Hall Closed Tues Feb 18 Work Session - TBD 5:30 P.M. Tues Feb 18 Regular Meeting 7:00 P.M. COMMUNITY ROOM COMMUNITY ROOM COUNCIL CHAMBERS COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS 1 w. Q'J-'&msWM1 greenmeonsgo. Corridor -Wide Housing Strategy Update Presented to: City of Edina - December 3, 2013 Presentedhy: Southwest Corridor Community Works — Housing Work Group - Cathy Bennett, ULI MN /RCM - Kern Pearce Ruch, Hennepin County - Joyce Repya, City of Edina SW_ TTRT CQfiriiUg-r Housi g Strate�y, Presentation Topics Southwest LRT Community Works Why Housing Strategy is Important Key Points - Completed Housing Inventory Next Steps ffill HI SW.I_RT Cnrririnr HrlutincT4Stratemr SW LRT Community Works EDEN PRAIRIE O MINNETONKA O EDNA O HOPKINS O ST LOUIS PARK O MINNEAPOLIS ULI MN O Minnehaha Watershed District 0 METROPOLRAN COUNCIL Minneapolis Parks and Recreation O Southwest Transit 0 Hennepin County Housing Work Group - Participants • Housing Staff from Southwest Cities • ULI MN \Regional Council of Mayors • Hennepin County Housing and Community Works Staff • MN Housing — Assistant Commissioner • Twin Cities LISC • Met Council — SW LRT Project Office and Housing Staff 9 Wvr k- Ste, ss ion I-fom 1! SWI RT l:orr_idor Hnvicina MI- al -- Why is a Corridor Housing Strategy Important? • Maximize Community /Regional Benefits & Opportunity as a result of the Future LRT • Important part of SW LRT Community Works Vision and Guiding Principles -Critical to being Competitive for Federal Funding Support for the LRT J SW..LRii Corridor Housing Strategy Why Its Important? SOUTHWEST COMMUNITY WORKS VISION Collaborate and portnerso that Southwest Corridor becomes a premier destination that is accessible, livable and vibrant. SOUTHWEST COMMUNITY WORKS GUIDING PRINCIPLE Provide a Full Range of Housing Choices Positioning the Southwest LRT communities as a place for all to rive _w�� SW ,I_RTC.nrririnrHnusinaStrateav Why Its Important? Federal (FTA) New Starts Guidance (issued In August 2013) • FTA wants to 'have the fundamentals in place to ensure that as service is improved over time there is a mix of housing options for existing and future residents." • For the first time, affordable housing is included as a measure in the Land Use score calculation & will measure "legally binding affordability restricted housing" • An update to the FTA New Starts application due in May /June 2014 2 1�• ot - , ww#XA COrdder Wldr "_Ing strategy — Stakeholder Completed y Community Input _Carrtd•r Wide CWYhor tive 5troreR "es i rvgmemar o-. HOUSING INVENTORY 17 stations along the SWLRT Corridor analyzed together and individually Stations by City • Minneapolis -5 St. Louis Park- 3 Hopkins -2 +l share • Minnetonka -1 +1 share' Eden Prairie- 5 1. __..._. . 7 C: 3 e HOUSING INVENTORY Demographics Y2 -mile highlights... • Corridor accounts for 4% of Hennepin Co's population and 5% of households • Corridor -wide growth 2000 -2010: +15% (pop) & +16% (hhds) • Overall Younger demographic: 52% of pop under age 35 (25 -34 large cohort) • Population density highest at Blake Road Station then decreases moving west. • Non -White population = 27% Corridor wide • Smaller household sizes = avg. 1.83 Corridor • Higher %Rent Overall = 54% of hhds. vs. 36% Hennepin Co • Corridor Median Income = $50,580 in 2012 -.t w t rr r ;r SWI RT f nrririnr HntiSing Strateg it -�Tn• — -- -- - - -- KeV takeaway: Younger & Older Demographics are attracted to the SW Cities & LRT. • What kind of housing types do these demographic cohorts desire and need to live in the corridor with access -to LRT? (Gaps Analysis) r � i a • s �j o•�'• � 1��rrrl�lrQ,n� HOUSING INVENTORY Employment Y :-mile highlights... • 107,200 corridor -wide jobs 113% of all Hennepin County & 7% of all Metro Area • 1,800 Edina Residents (9% of residents working) are employed within % mile of the SW LRT Station Areas. • 14% of corridor jobs - Professional, Scientific & Technical Svs jobs • Higher wages & educational attainment than Metro Area avg. • 52% earn more than $40,000 /year vs. 47% in Metro • 31% with a bachelor's degree or highervs. 28% in Metro Area 4 Ap J Key takeaway: SW Corridor is Job Rich • What kind of housing do current and future workers choose or need? (Gaps Analysis) 01 HOUSING INVENTORY Education Highlights... Public School Districts: • Enrollment: Minneapolis (31,750 students) I Edina (8,244 students- 956 open enrolled; one of the lowest rates) - t. • Minority Students: Minneapolis (65%) I • """ Edina (17%) ?, • Free /reducedlunches: Minneapolis (64 %)� _ -,C:�• Edina (9°h) Y • 4vea r graduation rates: Edina (93 %)1 t`a MinneapoIis(47 %) Private and Charter Schools: i II • 28 private schools with 7,900 students t t within 2- miles of transit stations "_ Schools within % -mile of stations... _ Public -4 • Charter -7 • Private -10 Key takeaway: SW LRT will be accessible (112 mile) from several public, private & charter schools • Are there opportunities to attract a new student population to the corridor due to the new accessibility? (Gaps Analysis) HIV 5 CORRIDOR HOUSING INVENTORY Rental Housing Highlights • 29,300 rental units 1 401 properties • 80%of units are general occupancy market rate 111.7% subsidized affordable 1 8.1% senior • Minneapolis accounts for 43.5% of all units; Edina 1.4%- 4 projects closest to Louisiana and Hopkins Stations – 2 General Occupancy, 2 Senior - 29 units affordable C arrberwk,.. —I uh•bya ,try a.a.w ma es a.°riry,a0t nr ar. Renal Wn by City Within SW TC.Wd., wr wl I t c u Rental Housing Highlights.....- "'•�"°�°'�°.,W� rte. • 12% of units I < 1/4 mile of proposed stations ' • 51% of units 11/2 to 3/4 miles of proposed stations ' • 84% of units I 1 -mile or less of :. proposed stations • Only 5 stations have rental housing within %mile of the a,�x,t urtn, by P..'" s—. station • 6 stations have no rental housing units within % -mile of station w re.`w.. e Sm 1.°00 4f00 LOOe 3100 I.CN l.fm 40 Rental Housing Highlights..... Corridor -wide Affordability (1/2- mile): • 34% of HHDS <$35k • 50% of HHDS > $50k Naturally Occurring Affordable Housing: • High proportion of market rate rentals have "affordable rents" primarily because they are older • 71% of projects & 53% of total units were built prior to 1980 • 2 of the GO rental projects In Edina offer a mix of the naturally occurring affordable rents. rr..�.sr u un nwr,sa•n s On AM Ut0 Y,1 14M1 LNe . u,.«. v..• w =e�ec.orr,ro•me.r.rrrrw....geym A Key takeaway: Limited rental housing options within mile of proposed stations • Are there ways to improve connections to existing housing and provide added bus service for those outside the %-% mile boundary? (TSAAP) • What kind of housing is needed and where to provide more choices in close proximity to stations? (Gaps Analysis /TSAAP) CORRIDOR HOUSING INVENTORY pipeline Sumary by Heu�In• Type OevelopmentPipeline: _. a000 1 -- •e�.n.an- ,�...� • 9,700 units in pipeline (4,200 units _. aoop n0' after excluding projects closer to -- other LRT stations)"0°° -- - - - - - - - -- - • 70% is G.O. market rate rental I 12 %affordable /subsidized �' p .n W.:w. wr.. cow. 80 %of units in Minneapolis • Only 200A are within % -mile of stations Key takeaway: Development pipeline is led by the luxury sector • How do we get a mix of housing to meet the needs of current residents & new people who want to live /work along or near transit? (Gaps Analysis) W HOUSING INVENTORY Review of city plans and policies Seven jurisdictions: • Corridor cities have adopted policies to address SWLRT potential markets • Policies support higher -density and mixed -uses along the Corridor • Some cities have potential competing interests in their development policies • Most plans were prepared in early to mid- 2000s • Mix of housing policies across the corridor Financial tools review • MN tools are limited compared to other states specifically related to TOD • Important to seek new tools to assist with TOD development The number and type of programs vary significantly from city to city along the SWLRT Corridor. While the Cities of St. Louis Park &Minneapolis offer numerous housing programs (17 +),, Golden Valley and Edina offer very Jew. Hl dJyA%l!frJU o • a •• Key takeaway: An array of city housing policies are evident along the Corridor • Are there opportunities for collaboration and the potential to strengthen tools that are targeted at station areas? (Gaps Analysis) I SWI RT Rnrririmr Hmt�cina Strateg y Next Step Corridor Wide Housing Strategy: Gap Analysis t yl _ Ape, analys/s'Is the dJlere,ue ._, F' '.`?.•- between the current houslnpsrork (n lyJandpre /eyed 4y •• -sk • homhp d..dalonp the SWLRT [cafdor. In It Is d' .0 addition an esertlse mnsfder --path, the prrlersedpath and the diflerena +I hehveen the rvm. 8 A W 'l SWLRT Corridor Hoirsine Strataav Additional Corridor Housing Committee Work: • Present /Gain Feedback from SW Corridor City Leaders — Councils,.EDA, Planning Commissions, H RAs. • Develop Proposed Corridor -Wide Tool & Strategies & Review with SWCW /Cities • Connect to the TSAAP work Monitor & Shape Gap Analysis Work Present Corridor -Wide Strategy for SWCW Consideration —Seek Input from Cities www.southwesttransitway ort; Questions & Comments http_/jAmaysouth west transitway org[dmd_o Cuments(5w-- Housing- Inyento_ry_ Fin -iLpd f 0 6 We r k. S C66 con -r$ewi What Does Affordable Housing Look Like? 1 Location: Edina Completion: 1991 Size: 100 units Affordable Units: 100 units Location: Edina Completion: 1986 Size: 29 units Affordable Units: 29 units 2 a I ERKT0WN CONTINENTAL r 8 Ir' c Location: Edina Completion: 1972 a T Size: 264 units _r Affordable I. ® Residents earn under 60% of area median income ($49,380 for a family of four). Rents are affordable to families earning under 60% of area median income (under $1,000 /month for a two - bedroom unit). Minimum of 20% of project units are set aside as affordable. Property owner records a Land Use Restrictive Agreement pledging to maintain affordability for at least 15 years. Third party compliance review. 6 l rj ■ Minnetonka 1. Resolution - recommends 10 -20% of units in new multifamily housing are affordable if rezoning or variances are required 2. TIF Policy - pool funds within existing TIF districts used for development of affordable units 3. Provide density bonus for affordable housing ■ Plymouth 1. No formal affordable housing policy 2. The City of Plymouth has supported the production of numerous affordable units utilizing TIF, Community Development Block Grant Funds, Plymouth Housing Authority Funds, and other sources. ■ Eden Prairie 1, Supports TIF to include affordable units within multifamily housing development. 2. Comp Plan includes goal to promote affordable housing and lower development costs for affordable and special Interest housing. ■ Utilize Local Financing Resources • Tax Increment Financing • Fee Waivers (SAC /WAC /Park Dedication, etc.) • Density Bonus • Edina Housing Foundation ■ Leverage Outside Financing Resources • Community Development Block Grant Funds • HOME Funds • Met Council Livable Communities Grants ■ Minnesota Housing Funding Programs ■ Volume Limited Tax Exempt Bonds ■ Affordable Housing Tax Credits ■ Hennepin County Affordable Housing Incentive Fund (AHIF) 7 2014 -2015 Budget Public Hearing December 3,2013 • ,N�AI'O1N��O • INHH EdinaMN.gov It w91....................r� OF o e A,'> Cn *0 Toni ht's presentation lot). o. IPPP • Budget process and timeline • Challenges • Budget assumptions and priorities • Budget book redesign preview • Revenue and property taxes EdinaMN.gov k • ,^�bfll'O7N�r'Q • IPPP Budget Process and Timeline ina N.gov Work Plan and Budget Timeline wg1��r� o� e U) 0 • �h��Ortroru+�� lolls May 3 -4 Council Strategic retreat to determine 2014 -15 work plan themes May 21 Work Session Review budget process, challenges and themes June Citizen Partner with Citizen's League & hold 3 citizen Engagement engagement events to collect input June -July Staff Develop work plan and budget details Aug 5 Work Session City Manager recommends 2014 -2015 work plan and budget to Council Sep 3 Council Meeting Nov 19 Work Session Dec 3 Council Meeting Dec 17 Council Meeting Council adopts preliminary 2014 budget & levy Review final proposed budgets and work plans Public hearing - Operating budget and levy Adopt final budget EdinaWgov Biennial Budget Process Second year of biennial budget Plan for next biennial budget Citizen engagement process First year of biennial budget Update operating budget for odd year Review CIP in detail L 0 Vr EdinaMN.gov Citizen Engagement Sessions • Three workshops • June 11, bingo • June 13, wine tasting • June 19, family - friendly • Discussion • Written comments 0 1\ • "Voting " - -to quantify and record views, making sure everyone is heard EdinaMN.gov 2014-2015 Work Plan 'Themes O Infrastructure o J Commercial & mixed use redevelopment s Workforce Community vision Communications & engagement Aviation noise Cn IHHH gov O INHH mm OF owe 0 Budget challenges for 2014 -15 (Internal) • About 70 total requests for $5,000 or more submitted by staff for all funds and departments • Total staff expenditure requests are about $1.4M, although there were also about $700,000 of new revenue opportunities identified & requested • Eight new full -time positions were requested • Several requests also included adjustments to PT staff levels • We have added many new services and costs since development of the 2012- 2013 budgets. So even though we may not be implementing many "new" services at this time, we do need to budget for changes in service levels that have already happened in the past 2 years but not budgeted for. EdinaWgov Budget challenges for 2014 -15 (External) A,11� f`L o e • 'N«RI*OIU`T�O IOI1N • The City will be exempt from certain sales taxes beginning January 1, 2014. We will continue to file sales tax returns with the state every month and pay sales tax on many things, especially for our enterprise operations. • PPACA "pay or play" enforcement has changed • Health insurance rates will increase 13.3% in 2014 • PERA rates are increasing for Police & Fire fund — Employer rates = 14.4 %, 15.3% & 16.2% in 2013, 14 & 15 respectively — Employee rates = 9.6 %, 10.2% & 10.8% in 2013, 14, & 15 respectively • 3% levy limit for tax capacity levies payable in 2014 EdinaMN.gov i challenges -Wudget 0 $700,000 Internal staff requests to enhance services, $300,000 plus restoring equipment program to 2008 level $350,000 plus new external mandates to maintain services +$650., plus inflation (assume 2 %) $2,000,000 Total increase would be a 7.4% levy increase, which is not possible Our solutlonso • Continue to prioritize resources • Find new ways to deliver services more efficiently 0 gov Budget Assumptions and Priorities lcx� ch • '^�UAPOIU+T�O IBIIN EdinaMN.gov 2014 -2015 Budget Themes 0 • ��'urrrow`��`v Iflflfl • Few "new" services -most service level changes are already being implemented in 2013. • 4 new FT positions come with additional revenue • Residential Redevelopment Coordinator (service charge) • Community TV Administrator (service charge) • 2 new dispatchers (Richfield partnership) • New Expenditure Themes • Workforce • Technology • Capital EdinaMN.gov Slide 13 CoE3 Are these themes we (staff) staff identified, or ones that Council did? Can we tie these more directly to 14 -15 Council Work Plan 6 priority areas? City of Edina, 11/18/2013 2014 -2015 Budget Themes • Workforce- related costs: • New positions added during 2012 -13 cycle • Positions newly eligible for health insurance /penalty • Market based compensation strategy • Health insurance • 13.3% rate increase i <A. • Proposed budget addition of $200k would cover 6 -7% of cost. Through Employee Advisory Committee, we changed the plan design to encourage more efficient use of these budget dollars. • Workers compensation insurance • Police /Fire pension increases • Employer rates = 14.4 %, 15.3% & 16.2% in 2013, 14 & 15 • Employee rates = 9.6 %, 10.2% & 10.8% in 2013, 14, & 15 EdinaWgov 2014 -2015 Budget Themes O Fe 7 '_', • '^�YlRI'04V' b� IHHH • Technology • Mobile apps (CATS) to connect with residents • Insight (Finance) improves budget efficiency and quality • Max solutions (Parks and Recreation) improves league and facility scheduling process • Neogov (HR) new modules reduce data entry, redundancy, and increase efficiency for HR staff, supervisors, and employees • Plan review (Fire) shortens time to issue permits • Capital - includes $200k towards capital expenditures in 2015 to address structural imbalances between funding and demand. EdinaWgov What isn't in the proposed budget? o e V, .�o � ��oKroxr�t�'O• IPNH • Changes to Golf Course fund operations • Sports Dome operating budget • Debt service for future debt issues, including Sports Dome • Full funding of Equipment Replacement Program or CIP EdinaMN.gov Spending by Department Community development 2% Parks Fire 8% Pol 11 Debt service 6% Administration rs a man resources 1% Finance 1% o e o ��A EdinaMN.gov Spending by Category Central service 5% Comm 4 �1 o e q O • '��Y� IIYJKI+i Y� IPxx EdinaMN.gov CGII� Oo � �DII�I;� L74- ......... .. IA e 0 EdinaMN.gov The Case for Change OLD BUDGET BOOK: • Designed for use by City Hall insiders, especially City staff • Was the primary way that managers tracked their annual appropriations • Had mostly "numbers- only" pages which did not provide context • Was not easily understood by residents • Improvements made between 2003 -2012 were limited by the old format • Was based on an outdated organization chart. In 2013 the Finance Department rolled out a new tool called Insight that replaced the budget book as the best source of budget information for staff. EdinaMN.gov A. TY OF o� a Cn The Case for Change, Cont. NEW BOOK: • Designed for use by residents, stakeholders, and others interested outside of City Hall. • New design and layout is easily readable and understandable • Significantly reduced "numbers- only" pages • Provides context about how the dollars will be spent and about the outcomes that are achieved (or not achieved). • Based on our current organization chart. The new book is more consistent with national best practices in municipal budgeting. EdinaMN.gov Side by Side CITY OF EDNA ANNUAL BUDGET PAGE .37 FUND, FUMAKes PROD GENERAL GENERAL CKMRNMFN7 I ARF"INISTRATION 1170 SUMMARY OF EXPENDRURES ACCT, RIPTION ACTUAL a ACTUAL lxensng 1 M12 PAWFTFO 2013 BUDGETED ADMINISTRATION - 1130. PERSONAL SERVICES 8010 PAYROLL 0011 OVERTIME 0030 PEISDK. 6014 SOCIAL SECURITY S 671610 10794 0,11• H B9l $ 677.183 13=7 4{767 44827 S 713918 8.080 51,193 52.840 f 715910 SOSO V.to 52.618 S MOM 8242 40652 48 207 S 700.137 SAW 50.05 49.171 aM FLEX RAN Sa 904 59.537 79200 792M 85.780 07075 8045 WORKERS COMPENSATION 124 2333 1133 2 591 831408 83 400 912370 Q I I 814067 0 8 CONTRACTUAL SERVICES' :NO pN0FESSXXAL SERV,CES 6104 CONTINUING EDUCATION LIM DUES a SUBSCRIPTIONS 6100 MEETING EXPENSE 6107 MILEAGE 6120 LEGAL ADVERTISEMENT' 6100 DATA PROCESSING M /2538 10.34D 53,320 1.382 14 .123 17.029 31.009 29.9179 25920 43.440 {417 3070 18.179 3, 6X9 43,000 7.`500 54000 1.`-00 4.000 12000 32.000 28.590 7.500 49000 1500 10 001) 21000 32.000 `5.500 8.000 53 Bin 2000 4 000 21 DM 33 DM 50 500 3.000 51900 2000 1.000 21000 34.0110 0186 TELEPHONE 1420f 152400 1 4 :1: `t'v 219 017 115 1000 1,000 300 1,'00 1.500 too I.SOD 1.WO 500 1500 1000 500 OIYIOOTm& 0405 BOORS AND PAMPME7 •: ape GENERAL SUPPUES 6575 PRIMING 43879 14900 1.417 41.2W IF let t 996 49.536 23.748 1324 40.530 23748 1 924 45.120 24 MA 1 919 45.504 24.904 I CENTRAL SERVICES 6003 GENERAL 6904 CITY HALL WIN EQUIPMENT OPERArJON I M 1 IDS 1041 t 9888'29 ! 153 78 114 57B 1,Q O9R I t7IJO TOTAL ADMINISTRATION ENERGY a ENVIRONMENT -1122. PERSONAL SERVICES: SAIARESa6ENEMS f 2747 S 2221 f f S 3 214? 14 71 40119 ILO 101300 i 1 CONTRACTUAL SERVICES' 8103 PROFESSK7NAL SERVICES 14 , 1 1 J f 5 8 320 10 000 10 730 j IC D00 j 10 000 OTAL ENERGY a Ea1VNONMENT OTALADNNf TRATXNI o e cn o *I is INnn 5a CITY Of EDNJII P11110411SOTA DMINISTRATION DEPARTMENT Karen Kurt, Assistant City Manager 9 kkunQedtnamn gov 19S2026-0401 DEPARTMENTAL OVERVIL W The Admintwation Deparnnem wpp- the City Manager and leads prolKts wsth ocy -wide impact including stratepc planning. pwformance manapemem and rnessur -- oversight of boards and t -vons, leadership develop -m and neighborhood wppom The Department is also respons"it for growing a values -based organintwrial culture in alignment with the Edina IQS (Imegnty. Sernce and QuvnYl. The Adrissni atbn Department contains three dmsions. Eco s- Development (HRAL Elections and Record Management and Liquor Store Operatwns. The Department serves as the 6anon to the Human Rights and Relations Co-von Edina Historical Socety. Edina Com 0 Ioun down and other -proBA .,K. apenoa. >� w MAJOR SERVICE AREAS • Stratepk Plar ing PerformN,ce Management and Mess and Commissions • N.., -0-d Eligagenrm + E=,=B-,d, R t Leadership D- iopment lxensng Values -based Orpnoacion Devel • Elections Liquor Store Operatsom - EXKUO:! ECOmm1_ 11 "n. A55 sltn: L'•w<pmen "_rte _NJ. - - .t "Wa1e• x17 nin : Vrrniir EdmaWgov CITY OF O Pi uj .. • '��NI'C)IIIPtYV IPt1P ,` :• i' injid r A uFe. liwty Taxes EdinaMN.gov How the City collects revenue Special assessments 4% Licenses and permit: 4% Edina's Revenue Sources Liquor sales 16% Utility sales 21% Taxes (all) 35% /NA. Ce: r 0 EdinaMN.gov EdinaMN.gov OF MORK&, 77- 77 A. 0 -7 tax levies Budget �`u'I'I�tt Bu .rroperty 2011 2012 2013 2014 2015 General Fund Levies General Operating Levy $ 21,004,000 $ 21,604,402 $ 21,824,894 $ 22,509,403 $ 23,378,958 General Fund Subtotal 21,004,000 21,604,402 21,824,894 22,509,403 23,378,958 Debt Service Fund Levies City Hall Debt Service 949,850 950,800 949,850 947,600 944,400 Equipment Certificates 164,010 67,500 - - - Gymnasium Debt Service 396,444 41 1,644 396,444 409,244 409,440 Fire Station Debt Service 431,544 432,744 431,544 441,,944 441,940 Public Works Facility Debt Service 1,232,460 1,178,202 1,536,743 1,526,809 1,546,600 Park Bond Market Value Levy 615,837 610,862 615,837 627,800 618,600 NOTE 2 Sports Dome - - - - - Debt Service Fund Subtotal 3,790,145 3,651,752 3,930,418 3,953,397 3,960,980 Construction Fund Levies Equipment Levy 992,072 992,072 992,072 992,072 1,192,072 Construction Fund Subtotal 992,072 992,072 992,072 992,072 1,192,072 Total Property Tax Levy 25,786,217 26,248,226 $ 26,747,384 $ 27,454,872 28,532,010 Increase From Prior Year 1.15% 1.79% 1.90% 2.65% 3.92% Tax Capacity Levy Increase NOTE 1 1.12% 1.86% 1.93% 2.66% 4.05% NOTE 2 • Note 1: Tax capacity calculations exclude the Park Referendum Bond • Note 2: The recently approved Sports Dome project may require a new levy in the future EdinaMN.gov A oe� o Tax Impact: Single Family Residential • Estimated median market value increases from $396,550 for 2013 taxes to $400,000 for 2014. This is a 0.9% increase. • Estimated City portion of taxes on this property would increase from $1,102 to $1,136. • City portion of tax increase is $34, or 3.1 %. EdinaMN.gov Tax Impact: Commercial Cn J ��UI{fY)lin1Y • Estimated median market value increases from $1,562,900 for 2013 taxes to $1,611,400 for 2014. This is a 3.1 %increase. • Estimated City portion of tomes on this property would increase from $5,833 to $6,027. • City portion of tax increase is $ 194, or 3.39 %. EdinaMN.gov 0 Residential vs® C.,ommercial T Based on preliminary levies certified to the County o e .: o 34% of residential single - family properties in Edina will see a decrease or no change in their total tax bill, which includes all taxing jurisdictions (city, school, county, watershed, etc). About 55% of these properties will have an increase between 0.1 % and 4.9 %. 19% of commercial properties in Edina will see a decrease in their total tax bill. About 37% will have increases between 0.1 % and 4.9 %. EdinaMN.gov 'CITY • EDINA U) 0 How does Edina compare to other cities? 1 Plymouth $ 401.81 2 Richfield $ 501.61 3 Maple Grove $ 506.56 4 Eden Prairie $ 532.28 5 St. Louis Park $ 543.08 6 Edina $ 554.21 7 Bloomington $ 557.44 8 Hopkins $ 581.95_ 9 Minnetonka $ 619.81 Minneapolis $ 724.31 11 Golden Valley $ 829.50 Sources: Hennepin County Taxpayer Services & Met Council .. . .... ..... . ..... EdinaWgov lA. �r OF o� Ce: f How does Edina compare to other cities? 1 Plymouth $ 722.05 2 Eden Prairie $ 832.84 3 Richfield $ 933.22 4 Edina $ 948.71 5 St. Louis Park $ 1,027.52 6 Hopkins $ 1,029.71 7Minnetonka $ 1,107.45 8Bloomington $ 1,246.55 9 Golden Valley $ 1,308.24 10 Maple Grove $ 1,472.28 11 Minneapolis $ 2,076.89 Sources: Office of the State Auditor EdinaWgov How does Edina compare to other cities? I Edina $ 1,113 2 Plymouth $ 1,190 3 Eden Prairie $ 1,430 4 Shoreview $ 1,474 5 Minnetonka $ 1,533 6 Eagan $ 1,595 7 Lakeville $ 1,678 8Maple Grove $ 1,680 9 Woodbury $ 1,681 I 0 Shakopee $ 1,693 11 Bloomington $ 1,814 12 Inver Grove Heights $ 1,867 13 Burnsville $ 1,875 14 Maplewood $ 2,029 15 Apple Valley $ 2,047 16 Savage $ 2,281 Source: League of MN Cities Property Tax Calculator Cn \Yl1iIMM IVl11Pt EdinaMN.gov How does Edina compare to other cities? T1 Eden Prairie 1.4% T1 Apple Valley 1.4% 3 Maplewood 2.0% 4 Maple Grove 2.3% 5 Plymouth 2.5% T6 Edina 2.7% T6 Eagan 2.7% T8 Minnetonka 2.8% T8 Woodbury 2.8% 10 Bloomington 3.2% 11 Shoreview 3.3% 12 Lakeville 3.9% 13 Savage 4.2% 14 Inver Grove Heights 4.7% 15 Shakopee 5.4% 16 Burnsville 5.7% Source: MN Department of Revenue �1 o e Cn 0 5C N EdinaMN.gov How does Edina compare to other cities? I Edina $ 1,113 2 Eden Prairie $ 1,430 3 Minnetonka 1,533 4 Bloomington 1,814 5 St. Louis Park 1,856 6 Hopkins 2,489 7 Richfield 2,555 8 Minne ap olis 3,015 Source: League of MN Cities Property Tax Calculator A, �e e Cn �A EdinaMN.gov