HomeMy WebLinkAbout04-106 - ADMIN Resolution - City Council - 2004/09/07•
RESOLUTION NO. 04-106
RESOLUTION AUTHORIZING THE HRA LEVY FOR 2005
WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469.108 (the "EDA Act"), the City
Council of the City of St. Louis Park created the St. Louis Park Economic Development Authonty (the
"Authority"); and
WHEREAS, pursuant to the EDA Act, the City Council granted to the Authonty all of the powers
and duties of a housing and redevelopment authority under the provisions of the Minnesota Statutes,
sections 469.001 to 469.047 (the "HRA Act"); and
WHEREAS, Section 469.033, subdivision 6 of the Act authonzes the Authonty to levy a tax upon
all taxable property within the City to be expended for the purposes authonzed by the HRA Act; and
WHEREAS, such levy may be in an amount not to exceed 0.0144 percent of taxable market value
of the City; and
WHEREAS, the Authonty has filed its budget for the special benefit levy in accordance with the
budget procedures of the City; and
WHEREAS, based upon such budgets the Authority will levy all or such portion of the authonzed
levy as it deems necessary and proper;
III) NOW, THEREFORE, BE IT RESOLVED, by the St Louis Park City Council:
1. That approval is hereby given for the Authonty to levy, for taxes payable in 2005, such tax
upon the taxable property of the City as the Authority may determine, subject to the limitations contained
in the HRA Act.
Review
Approved this 7th day of September, 2004, by the City Council of the City of St. Louis Park.
ed for Administration
City
Attest:
C: , i'lo it ,L-_____
ty Clerk
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