HomeMy WebLinkAboutRes 18-01 Approving the Proposed 2019 Economic Dev Authority Tax Levy and BudgetRESOLUTION 18-01 EDA
A RESOLUTION APPROVING THE PROPOSED
2019 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 2019 tax levy for economic development purposes in the amount
of $150,000; and
WHEREAS, The EDA proposes a 2019 annual budget in the amount of $150,227.
NOW THEREFORE, BE 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
2019 pursuant to Minnesota Statutes 469.107.
3.The EDA requests that the Prior Lake City Council adopt the 2019 annual budget in the amount of
$150,227.
PASSED AND ADOPTED THIS 10th DAY OF SEPTEMBER 2018.
VOTE Chromy Braid Sheehan-
Kerber
Briggs Boucher-
Hoese
Aye ☐ ☐ ☐ ☐ ☐
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐☐ ☐ ☐
Abstain ☐☐ ☐ ☐ ☐
______________________________
Frank Boyles, Executive Director
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Briggs Sheehan-Kerber