HomeMy WebLinkAbout14-181 - ADMIN Resolution - City Council - 2014/12/15RESOLUTION NO. 14-181
RESOLUTION APPROVING THE 2015 FINAL HRA LEVY
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 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 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 0.0185 percent of taxable
market value of the City; and
WHEREAS, for 2015, the Final HRA Levy amount will be $953,238; 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 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 Authonty to levy, for taxes payable in 2015,
su h tax upon the taxable property of the City as the Authonty may determine, subject to the
h tation contained in the HRA Act.
Review : s I
1611'
City Manage ' M
dministration:
Ado the City Council December 15, 2014
ayor
Attest:
City Clerk