HomeMy WebLinkAbout04-153 - ADMIN Resolution - City Council - 2004/12/20RESOLUTION NO. 04-153
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. Lows 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 authonty 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 authorized 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 Authonty will levy all or such portion of the
authorized levy as it deems necessary and proper,
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1
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,
tax upon the taxable property of the City as the Authonty may determine, subject to the
ns contained in the HRA Act.
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Review d for Administration.
City Ma ag
Attest••
y54Clerk
d by the City Council December 20, 2004
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