HomeMy WebLinkAbout1996-022 EDARits adoption:
Member Kathleen Carmody introduced the following resolution and moved
EDA RESOLUTION NO. 96 -22
RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1997
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 1997.
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 $173 ,750
Intergovernmental Revenue CDBG 258,971
I.D.R.B. Fees 17,000
Investment Earnings 105,000
Transfer from H.R.A. Fund 139.483
Total Revenue by Source $694,204
APPROPRIATIONS:
Redevelopment $334 ,684
CDBG programs 258,971
Special Studies Projects 100.549
Total Appropriations $694,204
2. that a copy of this resolution be submitted to the City Council of the City of Brooklyn
Center.
September 9, 1996
Date
Y1 7 2-0A-44-e■--
O Presdent
The motion for the adoption of the foregoing resolution was duly seconded by member
Kristen Mann and upon vote being taken thereon, the following voted in favor
thereof:
Myrna Kragness, Kathleen Carmody, Debra Hilstrom, Kristen Mann, and Charles Nichols;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.