HomeMy WebLinkAbout1997-027 EDARits adoption:
Member Kathleen Carmody introduced the following resolution and moved
EDA RESOLUTION NO. 97 27
RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1998
PURSUANT TO MSA CHAPTER 469.107. SUBDIVISION 1
WHEREAS, the Brooklyn Center Economic Development Authority has considered
the preliminary budget and fords that this budget is necessary for the operation of the Brooklyn
Center Economic Development Authority during the year 1998.
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 for said City is
hereby approved and shall be:
ESTIMATED REVENUES:
General Property Taxes $177,620
Intergovernmental Revenue CDBG 247,856
I.D.R.B. Fees 15,000
Investment Earnings 150,000
Transfer from H.R.A. Fund 142.242
Total Revenue by Source $732,718
APPROPRIATIONS:
Redevelopment
CDBG programs
Special Studies Projects
Total Appropriations
September 8, 1997
Date
$331,000
247,856
153.862
$732,718
2. that a copy of this resolution be submitted to the City Council of the City of Brooklyn
Center.
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, Kathleen Carmody, Debra Hilstrom, Kay Lasman, and Robert Peppe;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.