HomeMy WebLinkAbout1998 09-14 EDAP Regular Session EDA MEETING
• City of Brooklyn Center
September 14, 1998 AGENDA
1. Call to Order
2. Roll Call
3. Approval of Agenda
-The following items are considered to be routine by the Economic Development Authority
and will be enacted by one motion. There will be no separate discussion of these items
unless a Commissioner so requests, in which event the item will be removed from the
consent agenda and considered at the end of Commission Consideration Items.
a. Approval of Minutes
- Commissioners not present at meetings will be recorded as abstaining from the vote
on the minutes.
1.
4. Commission Consideration Items
• a. Preliminary EDA 1999 Tax Levy and Budget
1. Resolution Approving the Preliminary Brooklyn Center Economic Development
Authority Budget for the year 1999 Pursuant to MSA Chapter 469.107,
Subdivision 1
2. Resolution Requesting the City of Brooklyn Center to Levy Taxes for the Benefit
of the Brooklyn Center Economic Development Authority for the Year of 1999
5. Adjournment
MEMORANDUM
TO: Michael J. McCauley, City Manager
FROM: Charlie Hansen, Finance Director C N
DATE: September 8, 1998
SUBJECT: Preliminary E.D.A. 1999 Tax Levy and Budget
Attached are resolutions adopting a preliminary 1999 E.D.A. Budget and requesting the
City Council to levy a preliminary 1999 property tax on behalf of the E.D.A.
The E.D.A. is limited by state law to a property tax levy of no more than 0.01813% of the
City's taxable market value. For 1999, we recommend levying the maximum which will
raise $194,898 less $5,847 for the 3 % estimated uncollectible allowance, for net revenue
of $189,051. The E.D.A. will also receive a variety of other revenues as shown on the
attached budget resolution.
• The E.D.A. is the City's primary vehicle for carrying out housing programs and economic
redevelopment.
•
Member introduced the following resolution and moved
its adoption:
EDA RESOLUTION NO.
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.
Date President
The motion for the adoption of the foregoing resolution was duly seconded by member
and upon vote being taken thereon, the following voted in favor
thereof:
•
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
Member introduced the following resolution and moved
• its adoption:
EDA RESOLUTION NO.
RESOLUTION REQUESTING THE CITY OF BROOKLYN CENTER TO LEVY
TAXES FOR THE BENEFIT OF THE BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY FOR THE YEAR 1999
WHEREAS, Minnesota statutes currently require certification to the Hennepin
County Auditor of a preliminary tax levy on or before September 15, 1998 and a final tax levy on
or before December 28, 1998.
NOW, THEREFORE, 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 1999 at a rate not to exceed 0.01813 % of taxable property, real and personal, situated
within the corporate 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 for the year 1999 in the City of Brooklyn Center's certification to the
Hennepin County Auditor of a preliminary tax levy on or before September 15, 1998 and a final
tax levy to on or before December 28, 1998.
Date President
The motion for the adoption of the foregoing resolution was duly seconded by member
and upon vote being taken thereon, the following voted in favor
thereof:
and the following voted against the same:
• whereupon said resolution was declared duly passed and adopted.