HomeMy WebLinkAbout2024.12.12 EDAPE conomic Development
Authority
City Hall Council Chambers
December 2, 2024
AGE NDA
1.Call to Order
The City Council requests that attendees turn off cell phones and pagers during the meeting. A
copy of the full C ity Counc il packet, including E D A (E conomic Development Authority ), is
available to the public. The packet ring binder is located at the entrance of the council
chambers.
2.Roll Call
3.Approval of Consent Agenda
The following items are considered to be routine by the Economic Development Authority (E D A)
and will been acted by one motion. There will be no separate disc ussion of these items unless a
Commissioner so requests, in whic h event the item will be removed from the c onsent agenda
and considered at the end of Commission Consideration I tems.
4.Commission Consideration Items
a.Resolution A pproving the F inal Budget for the Economic Development
Authority of B rooklyn Center, Minnesota, for F iscal Year 2025
-Motion to approve the 2025 Economic Development Authority annual
budget.
5.Adjournment
Economic Development Authority
DAT E:12/2/2024
TO :C ity C ouncil
F R O M:D r. Reggie Edwards, City Manager
T H R O U G H :N/A
BY:A ngela H olm, D irector of F iscal & S upport S ervices
S U B J E C T:Res olu/on A pproving the F inal Budget for the Economic D evelopment A uthority of
Brooklyn C enter, Minnes ota, for F iscal Year 2025
Requested Council A con:
-Moon to approve the 2025 Economic D evelopment A uthority annual budget.
B ackground:
B udget I ssues:
I nclusive C ommunity Engagement:
A nracist/Equity Policy Effect:
S trategic Priories and Values:
AT TA C H M E N TS :
D escrip/on U pload D ate Type
E DA Budget 2025 11/26/2024 Backup M aterial
Commissioner introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO.
RESOLUTION APPROVING THE FINAL BUDGET FOR THE ECONOMIC
DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA,
FOR FISCAL YEAR 2025
WHEREAS, the Economic Development Authority of Brooklyn Center,
Minnesota, has considered the final budget for Fiscal Year 2025.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority of Brooklyn Center, Minnesota, that revenues and appropriations for the Economic
Development Authority for the 2025 fiscal year are hereby adopted as follows:
Economic Development Authority
Revenues
Miscellaneous Revenue
Other Financing Sources
$ 115,244
606,595
Total Economic Development Authority $ 721,839
Appropriations
EDA Operations $ 721,839
Total Economic Development Authority $ 721,839
December 2, 2024
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
and upon vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.