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its adoption:
Member Kathleen Carmody introduced the following resolution and moved
EDA RESOLUTION NO. 98
RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1999
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 1999.
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 $189,051
Intergovernmental Revenue CDBG 240,809
I.D.R.B. Fees 24,000
Investment Earnings 150,000
Transfer from H.R.A. Fund 152.800
Total Revenue by Source $756,660
APPROPRIATIONS:
Redevelopment $293 ,012
CDBG programs 240,809
Special Studies Projects 222.839
Total Appropriations $756,660
2. that a copy of this resolution be submitted to the City Council of the City of Brooklyn
Center.
September 14, 1998
Date P`fesident
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
and the following voted against the same: none; P e p p e
whereupon said resolution was declared duly passed and adopted.