HomeMy WebLinkAbout08 17 2015 EDA Res 01
RESOLUTION 15-01EDA
A RESOLUTION APPROVING THE PROPOSED
2016 ECONOMIC DEVELOPMENT AUTHORITY TAX LEVY AND BUDGET
Motion By: Chromy Second By: Keeney
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 2016 tax levy for economic development purposes in the
amount of $155,000; and
WHEREAS,
The EDA proposes a 2016 annual budget in the amount of $181,425.
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 $155,000 to be collected in
2016 pursuant to Minnesota Statutes 469.107.
3. The EDA requests that the Prior Lake City Council adopt the 2016 annual budget in the amount of
$181,425.
PASSED AND ADOPTED THIS 17th DAY OF AUGUST, 2015.
VOTE Hedberg Keeney Choudek Chromy Sheehan-
Kerber
Aye X X X X X
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, Executive Director