HomeMy WebLinkAbout06-147 - ADMIN Resolution - City Council - 2006/09/05•
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RESOLUTION NO. 06-147
RESOLUTION AUTHORIZING THE HRA LEVY FOR 2007
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 "Authonty"); 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 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 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
authonzed levy as it deems necessary and proper;
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 in 2007,
such tax upon the taxable property of the City as the Authority may determine, subject to the
li . tions contained in the HRA Act.
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Adopted by the City Council September 5, 2006
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