HomeMy WebLinkAbout1996-026 EDAR1
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Member Kristen Mann introduced the following resolution and
moved its adoption:
RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1996
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 1996.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority for the City of Brooklyn Center that the budget of the Economic Development
Authority for said City shall be:
1. APPROPRIATIONS:
Administration
Redevelopment
Rehab of Private Property
Special Studies Projects
TOTAL APPROPRIATIONS
2. ESTIMATED REVENUES:
EDA RESOLUTION NO. 95 -26
General Property Taxes $171,903
Intergovernmental Revenue CDBG 270,083
Investment Earnings 105,000
Transfer from H.R.A. Fund 137,060
TOTAL REVENUE BY SOURCE $684,046
BE IT FURTHER RESOLVED that a copy of this resolution be submitted to the
City Council of the City of Brooklyn Center.
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Date
$152,087
396,876
100,777
34,306
$684,046
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RESOLUTION NO. 95 -26
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody and upon vote being taken thereon, the following voted in
favor thereof: Myrna Kragness, Kristen Mann, Debra Hilstrom and Kathleen Carmody;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.