HomeMy WebLinkAbout06-192 - ADMIN Resolution - City Council - 2006/12/18•
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RESOLUTION NO. 06-192
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 "Authority"); and
WHEREAS, pursuant to the EDA Act, the City Council granted to the Authority 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 Authority 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 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,
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 ax upon the taxable property of the City as the Authonty may determine, subject to the
limita ions contained in the HRA Act.
Rev
r Administration.
Adopted by the City Council December 18, 2006
City
Attest:
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City Clerk
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