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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 02-EDA-165 <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AMENDING THE 2001 BUDGET OF THE EDA FUND AND THE TIF <br />DISTRICT FUNDS FOR PROJECTS AUTHORIZED DURING 2001 AND FOR <br />TRANSFERS TO THE DEBT SERVICE FUNDS <br /> <br />WHEREAS, the City Charter, Section 7.08 gives the City Council authority to <br />amend the budget by resolution; and <br /> <br />WHEREAS, during the year 2001, the Economic Development Authority <br />approved several projects in the E.D.A. Fund that were to be funded by a variety of <br />grants, developer fees, bond sales, and transfers from the TIF Funds; and <br /> <br />WHEREAS, the above projects were approved as follows: <br />I Proj~Ct -- ___1_ ~~=- ResolutioQ _. Ame0(ii-r!~n-t to Budget i <br />Hi hway 10 Revitalization ~ Resolution 01-EDS-145 $95,000 i <br />~c~u~i~~ ~b16 Cty B9_l-f?_i_Resolution 01-EDAJ18 -.=-__~-==If[5~,:9015_:1 <br /> <br />~~~::~~~~:~:~~:: ~b~~-J~;:~:~::~~ ~~~~DA-14_~_-=-JHH?~l <br />H~c<i!JJ~itio~ ~991 HillYi~VII_____1 Resolution 01-EDA-1!50 ___J;J_QO~P99_' <br />S_~JegfJIE~e~~_~U_~!?~nd_~ L ~~SQI~liQ~ j)1~~QA_~_1~~fAL .. __.~}I~I~ <br /> <br />WHEREAS, most of these projects were completed in 2001, but one, the <br />Edgewood Regional Pond continued into 2002; and <br /> <br />WHEREAS, the City Council adopted Resolution 5735 on March 25, 2002 that <br />authorized a reorganization of funds which included the creation of bond debt service <br />funds separate from the TIF District Funds; <br /> <br />WHEREAS, the City's auditors recommended that the 2001 Annual Financial <br />Report be presented as though these debt service funds had existed from the beginning <br />of the year. <br /> <br />NOW, THEREFORE BE IT RESOLVED, THAT the 2001 ED.A. Fund Budget be <br />amen_<!eg t() lhe following~_ _______ .___________ <br />I ___ _~!='{~NUES: __ ____ <br />I <br />L_~_t~t~ Gr~ tl!? <br />!~_ev~op~r ~e~~ <br />Bond sales <br />..-.-..--.. .-.--.-" <br />Transfers from TIF Districts <br />HU _._. _. ..__ ____ .. _ u_. ___ _ ....__.___. ___ ___._ .__ <br />Total Revenues <br />- __.. __. .0..- ___ <br />EXPENDITURES: <br />.--....--- <br /> <br />--~~~s~i~~el _______________ _ +- ___.____ $86,~~~ <br />-ContractualServices I -----1]fS3,726 <br />Capital outlay--H-- 1-----460~885 <br />=~~~~=~Io[81_E~pendituresr--- ~__=j1,632:3j1 J <br /> <br />$24,256 <br />.-- ----.-..--.-..--..- <br />23,423 <br />737,900 <br />....-.--.,--.. <br />846,792 <br />$1 ,632~~?1 <br />