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RESOLUTION NO. 16 -EDA -293 <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />APPROVING THE PRELIMINARYSPECIAL 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") <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 $100,000, 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 September 2016. <br />(ATTEST) <br />(SEAL) <br />*0 <br />Joe Flah, <br />J 'A <br />ZIP <br />Q ,strator <br />