HomeMy WebLinkAbout09 19 2013 EDA rept 7A attach 1
RESOLUTION 13-xxEDA
A RESOLUTION TO APPROVE THE PROPOSED
2014 ECONOMIC DEVELOPMENT AUTHORITY TAX LEVY AND BUDGET
Motion By: Second By:
WHEREAS, State Statute 469.107 subd. 1 provides that a city may, at the request of the Economic
Development Authority, levy a tax in any year for the benefit of the authority in an
amount not to exceed 0.01813 percent of taxable market value; and
WHEREAS,The EDA proposes a 2014 tax levy for economic development purposes in the amount
of $150,000; and
WHEREAS, The EDA proposes a 2014 annual budget in the amount of $151,571.
NOWTHEREFOREBE IT HEREBY RESOLVED BY THE ECONOMIC DEVELOPMENT
,
AUTHORITY OF PRIOR LAKE, MINNESOTA
as follows:
1. The recitals set forth above are incorporated herein.
2. The EDA requests that the Prior Lake City Council levy a special tax of $150,000 to be collected in
2014 pursuant to Minnesota Statutes 469.107.
3. The EDA requests that the Prior Lake City Council adopt the 2014 annual budget in the amount of
$151,571.
th
PASSED AND ADOPTED THIS 19 DAY OF AUGUST, 2013.
YES NO
Hedberg Hedberg
Choudek Choudek
Chromy Chromy
Keeney Keeney
Vacant Vacant
______________________________
Frank Boyles, Executive Director
http://splash/teams/EDA/Shared Documents/August 19, 2013/EDA Report 7A attach 1 (2013.08.19).doc