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