HomeMy WebLinkAbout1992-033 EDAR1
Member Dave Rosene
its adoption:
introduced the following resolution and moved
EDA RESOLUTION NO. 92-33
RESOLUTION APPROVING THE PROPOSED BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1993 PURSUANT TO
MSA CHAPTER 469.107, SUBDIVISION 1
WHEREAS, the Brooklyn Center Economic Development Authority has
considered the attached proposed budget and finds that this budget is
necessary for the operation of the Brooklyn Center Economic Development
Authority during the year 1993:
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority for the City of Brooklyn Center that the attached budget of
the Economic Development Authority for said City is hereby approved.
BE IT FURTHER RESOLVED that a copy of this resolution, together
with the attached budget, be submitted to the City Council of the City
of Brooklyn Center.
August 24, 1992
Date President
The motion for the adoption of the forgoing resolution was duly seconded
by member Jerry Pedlar and upon vote being taken thereon, the
following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
1
(EDABUD)
REVENUES
TOTAL EXPENDITURES
III and Balance, January 1
and Balance, December 31
EDA RESOLUTION NO. 92 33
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
SPECIAL OPERATING FUND
ANNUAL OPERATING BUDGET
MISCELLANEOUS REVENUE
Interest 60,199 135,810
Land Sales 18,000
Total Misc. Revenue 78,199 135,810
GENERAL PROPERTY TAXES
Ad Valorem Levy 177,850
OTHER SOURCES OF FUNDS
Transfer from H.R.A. Fund 123,605
Transfers from G.D.B.G. Fund:
Year XV 170,936
Year XVI
Year XVII
Year XVIII
Equity Transfer Debt
Service Fund
1990 1990 As of 1992 1993
Actual Actual 6/30/92 Budget Budget
141,983
180,440
1,000,000
Administration 78,440 111,024
Rehabilitation Grants 79,035 103,892
Scattered Site Redevelopment 72,412 55,184
Commercial Industrial Study 8,090 22,515
Brooklyn Blvd Redevelopment Plan
C.D.B.G. Redevelopment /Purchase
C.D.B.G. C.R.P. Project
C.D.B.G. Home Program
Rental to Owner Conversions
Spot Renewal Program 25,674
Loan Repayment
237,977 318,289
110,000 110,000
75,000
0 185,000 110,0004
149,570 141,250
3,621 215,761
216,000
Total Other Sources 294,541 1,322,423 3,621 365,331 357,250
li r OTAL REVENUE OTHER SOURCES 372,740 1,458,233 3,621 550,331 645,100
EXPENDITURES
53,372 165,434 227,744
44,023 115,761 49,000
1,613 75,000 75,000
25,000
50,000
30,000
12,000
61,000 63,356
216 108,136 78,000
60,000
99,224 550,331 645,100
715,208 849,971 1,989,915 1,989,915
849,971 1,989,915 1,989,915 1,989,915