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RESOLUTION NO. 16-EDA-295 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> APPROVING THE FINAL SPECIAL BENEFIT TAX LEVY FOR THE PURPOSE OF <br /> DEFRAYING THE COSTS INCURRED BY THE MOUNDS VIEW ECONOMIC <br /> DEVELOPMENT AUTHORITY FOR THE YEAR 2017 <br /> WHEREAS, the Mounds View Economic Development Authority (the "EDA") was <br /> created by the City Council of the City of Mounds View (the "City Council") by its adoption of an <br /> "Enabling Resolution" No. 4532, dated March 28, 1994 pursuant to Minnesota Statutes, <br /> Sections 469.090 to 469.1081 (the "EDA Act"); and <br /> WHEREAS, the Enabling Resolution was amended by Resolution No. 8467 dated <br /> November 23, 2015, whereby the EDA was granted all of the powers, rights, duties, and <br /> obligations set forth in Minnesota Statutes Sections 469.001 to 469.047 (the "HRA Act"); and <br /> WHEREAS, pursuant to Section 469.033, Subd. 6 of the HRA Act, with the consent of <br /> the City, the EDA is authorized to levy a special benefit tax within its area of operation, not to <br /> exceed 0.0185 percent of the City's taxable estimated market value, for the purpose of <br /> defraying its operational costs (the "HRA Levy"); and <br /> WHEREAS, the EDA adopted resolution 16-EDA-293 approving a preliminary HRA levy <br /> of$100,000 which has been reduced after refining the EDA budget. <br /> NOW, THEREFORE, BE IT RESOLVED by the Mounds View Economic Development <br /> Authority Board of Commissioners as follows: <br /> 1. That an HRA Levy for the year 2017 in the amount of$40,000, is hereby approved <br /> pursuant to Section 469.033, Subd. 6 of the HRA Act, as amended, for the purpose of defraying <br /> the EDA's operational costs. <br /> 2. That the City Administrator is hereby authorized and directed to forward this action to the <br /> City Council and to take such other actions as are necessary to effectuate the HRA Levy <br /> approved herein in accordance with Section 469.033, Subd. 6 of the HRA Act. <br /> Adopted this 12th Day of December 2016. <br /> Joe Flaherty, e • 'resident <br /> ATTEST: <br /> James Ericson, Executive Director <br /> (SEAL) <br />