Laserfiche WebLink
1 The EDA follows the budget process for City departments as provided by the City <br />as implemented by the City Council and Mayon, <br />All official actions of the EDA must be consistent with the adopted <br />comprehensive plan of the City, and any official controls or oversight by the City <br />implementing the comprehensive plan-, <br />4. The City Council may by resolution require the EDA to transfer any portion of <br />reserves generated by activities of the EDA that the City Council determines is <br />not necessary for the successful operation of the authority to the debt service fund <br />of the City, to be used solely to reduce tax levies for bonded indebtedness of the <br />city. <br />SECTION 2. Effective Date <br />This resolution shall become effective immediately upon adoption and publication in the official <br />newspaper of the City of Lake Elmo, <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE 5TH DAY OF <br />FEBRUARY,2013. <br />el <br />Adam Bell <br />City Clerk <br />