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HomeMy WebLinkAbout2000-015 EDAR1 its adoption: Member Robert Peppe introduced the following resolution and moved EDA RESOLUTION NO. 2000 -15 RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 2001 PURSUANT TO MSA CHAPTER 469.107. SUBDIVISION 1 WHEREAS, the Brooklyn Center Economic Development Authority has considered the preliminary budget and finds that this budget is necessary for the operation of the Brooklyn Center Economic Development Authority during the year 2001. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority for the City of Brooklyn Center as follows: 1. that the preliminary budget of the Economic Development Authority #1 Fund for said City is hereby approved and shall be: ESTIMATED REVENUES: Intergovernmental Revenue CDBG $240,212 I.D.R.B. Fees 9,000 Investment Earnings 5.000 Total Revenue by Source $254,212 APPROPRIATIONS: Redevelopment $419,103 CDBG programs 240.212 Total Appropriations $659,315 2. that the preliminary budget of the Economic Development Authority #2 Fund for said City is hereby approved and shall be: ESTIMATED REVENUES: General Property Taxes $210,229 Investment Earnings 25,000 Transfer from H.R.A. Fund 169.874 Total Revenue by Source $405,103 APPROPRIATIONS: Redevelopment $0 CDBG programs 0 Total Appropriations $0 1 EDA RESOLUTION NO. 2000 15 3. that a copy of this resolution be submitted to the City Council of the City of Brooklyn Center. September 11, 2000 Date _J/1.7 The motion for the adoption of the foregoing resolution was duly seconded by member Kay Lasman and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert Peppe; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.