HomeMy WebLinkAbout08 18 2014 EDA Report 7A Res
RESOLUTION 14-xxEDA
A RESOLUTION APPROVING THE PROPOSED
2015 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 2015 tax levy for economic development purposes in the
amount of $187,500; and
WHEREAS, The EDA proposes a 2015 annual budget in the amount of $195,000.
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 $187,500 to be collected in
2015 pursuant to Minnesota Statutes 469.107.
3. The EDA requests that the Prior Lake City Council adopt the 2015 annual budget in the amount of
$195,000.
th
PASSED AND ADOPTED THIS 18 DAY OF AUGUST, 2014.
YES NO
Hedberg Hedberg
Bump Bump
Choudek Choudek
Chromy Chromy
Keeney Keeney
______________________________
Frank Boyles, Executive Director
http://splash/teams/EDA/Shared Documents/August 18, 2014/08 18 2014 EDA Report 7A Res.docx