HomeMy WebLinkAbout05-179 - ADMIN Resolution - City Council - 2005/12/19•
RESOLUTION NO. 05-179
RESOLUTION AUTHORIZING THE HRA LEVY FOR 2006
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 Authority (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 authorizes 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 Authority 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 authorized levy as it deems necessary and proper;
in 2
subjec
NOW, THEREFORE, BE IT RESOLVED, by the St. Louis Park City Council:
1. That approval is hereby given for the Authority to levy, for taxes payable
6, such tax upon the taxable property of the City as the Authority may determine,
to the limitations contained in the HRA Act.
Revi:w, for Administration:
City
Attest:
nager
sae. 9,
City Clerk
ted by the City Council December 19, 2005
Mayor