HomeMy WebLinkAbout1993-041 EDAR1
Member Barb Kalligher introduced the following resolution and
moved its adoption:
WHEREAS, Minnesota statutes currently require certification of a
proposed tax levy to the Hennepin County Auditor on or before September 15, 1993
and a final tax levy on or before December 25, 1993.
December 20, 1993
EDA RESOLUTION NO. 93 -41
RESOLUTION REQUESTING THE CITY OF BROOKLYN CENTER TO LEVY
TAXES FOR THE BENEFIT OF THE BROOKLYN CENTER ECONOMIC DEVELOPMENT
AUTHORITY FOR THE YEAR 1994
BE IT RESOLVED by the Economic Development Authority of the
City of Brooklyn Center as follows:
Section 1: That the Economic Development Authority requests the
City of Brooklyn Center to levy a property tax for the benefit of
the Economic Development Authority, for the year 1994, in the amount
of $131,894 and at the rate not to exceed 0.01813% of taxable property,
real and personal, situated within the coroporate limits of the City of
Brooklyn Center, Minnesota and not exempted by the Constitution of the
State of Minnesota or the valid laws of the State of Minnesota, for
the purpose of maintaining the E.D.A. Special Operating Fund pursuant
to MSA Chapter 469.107, Subdivision 1.
Section 2: The City of Brooklyn Center will include the Economic
Development Authority's tax levy in the City of Brooklyn Center's proposed
tax levy to the Hennepin County Auditor on or before September 15, 1993,
and a final tax levy on or before December 25, 1993.
Date President
The motion for the adoption of the foregoing resolution was duly seconded
by member Dave Rosene and upon vote being taken thereon, the following
voted in favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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1
1
EDA RESOLUTION NO. 93 -41
REVENUES
E.D.A. Tax Levy:
General Property Taxes
Less Estimated Uncollectable
Net Property Taxes
Homestead Credit
Transfer from H.R.A. Fund
Grant C.D.B.G. Programs
Investment Earnings
Development Bond Proceeds
Equity Transfer Debt
Service Fund
Apartment Rents
TOTAL REVENUE
EXPENDITURES
C.D.B.G. PROGRAMS
Rehab Housing Grants
Scattered Site Redevelop
Commercial /Industrial Study
Brooklyn Blvd. Study
Community Resource Partner
H.O.M.E. Program
Head Start Program
TOTAL C.D.B.G. PROGRAMS
Administration
Rental to Owner Conversions
Spot Renewal Program
E.B.H.C. Operational Study
Brooklyn Blvd. Study Phase II
Apartment Building Maintenance
Contingency
TOTAL EXPENDITURES
Fund Balance, January 1
Fund Balance, December 31
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
SPECIAL OPERATING FUND
ANNUAL OPERATING BUDGET
1991 1992
Actual Actual
141,983 142,859
180,440 251,747
135,810 125,917
11,558
1,000,000
5,010
1,458,233 537,091
103,892
55,184
22,515
122,899
84,234
32,926
1,940
181,591 241,999
111,024 137,715
4,440
25,674 96,414
849,971 1,989,915 2,046,438
1,989,915 2,046,438 1,483,221
1993
Adopted
148,579
(5,489)
143,090
34,760
141,250
217,491
110,000
1994
Budget
131,894
(2,638)
129,256
36,483
139,360
235,627
100,000
15,000
646,591 655,726
100,491 109,527
265,217 50,000
30,000 30,000
12,000 8,000
38,100
407,708 235,627
197,123 199,784
68,000
481,100 185,315
8,500
41,652
15,000
5,725 20,000
318,289 480,568 1,209,808 655,726
EDA RESOLUTION NO. 93 -41
REVENUES
Convention Center:
Room Rental Revenue
Equipment Rental Revenue
Other Revenue
Inn on the Farm:
Guest Room Rentals
Facility Rentals
Other Revenue
Commercial Office Rentals:
Office Rent
Cleaning Services
Other Revenue
Catering Revenues
TOTAL REVENUES
III EXPENSES
Salaries Wages
?ringe Benefits
Supplies
Consulting
Communications /Advertising
Repairs, Rentals, Maint.
Other Contractual Services
Insurance
Utilities
Capital Outlay
Interest
Merchandise, Food Bever.
Contingency
Catering Expenses
TOTAL EXPENSES
Loss Before Transfer
Transfer from T.I.F. Dist.
1 Iet Income (Loss)
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
EARLE BROWN HERITAGE CENTER
ANNUAL OPERATING BUDGET
1991 1992 1993
Actual Actual Adopted
217,729 317,488 410,000
36,327 48,291 59,500
26,788 57,236 37,500
132,155 166,515 190,000
5,624 8,930 12,100
15,380 9,735 9,830
88,399 108,842 112,975 116,363
2,337 3,629 3,960 4,620
182 802 340 340
62,065 73,689 100,000 958,125
586,986 795,157 936,205 1,879,298
370,192 503,923 490,715 534,349
63,488 100,918 108,732 116,761
62,643 60,577 73,432 74,627
45,496 16,277 9,450 11,686
145,110 151,482 140,285 117,315
48,660 42,365 39,860 53,420
81,235 95,079 101,823 109,849
9,108 9,433 9,625 8,620
94,562 120,713 107,683 119,265
35,716 22,537
10,423 9,142 6,000 8,000
15,194 19,975 9,856 11,750
10,000
834,516
946,111 1,129,884 1,133,177 2,032,695
(359,125) (334,727) (196,972) (153,397)
359,125 334,727 196,972 153,397
0
0
1994
Budget
465,000
63,000
60,500
189,400
12,100
9,850
0 0
EDA RESOLUTION NO. 93 -41
REVENUES
Tax Increments
Land Sale
TOTAL REVENUE
EXPENDITURES
Debt Service:
Bonds of 1985
Bonds of 1991
Refinanced Bonds of 1992
Internal Borrowing Interest
Projects:
E.B.H.C. Projects
E.B.H.C. Capital Outlay
County Administration Expense
Legal Fees from Land Transaction
Transfer to E.B.H.C. Fund
TOTAL EXPENDITURES
Fund Balance, January 1
Fund Balance, December 31
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
E.B. FARM TAX INCREMENT DISTRICT FUND
ANNUAL OPERATING BUDGET
1992
Actual
1,379,425
336,327
1,715,752
308,102
620,000
249
119,511
104,530
38,862
1,041
18,840
334,727
1993
Estimated
560,000
640,000
95,000
1,042
180,000
(2,441,218) (2,271,328)
1993
Budget
560,000
640,000
170,000
1,100
1994
Budget
1,535,200 1,196,750 1,350,000
1,535,200 1,196,750 1,350,000
600,000
650,000
104,000
1,100
200,058 153,397
1,545,862 1,476,042 1,571,158 1,508,497
(2,212,170)
(2,271,328) (2,212,170) (2,370,667)