HomeMy WebLinkAbout15-123 - ADMIN Resolution - City Council - 2015/09/08RESOLUTION NO. 15-123
RESOLUTION AUTHORIZING THE PRELIMINARY HRA LEVY FOR 2016
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
-Developrrierit 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 authonzes the Authority 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 0.0185 percent of estimated
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 in the amount of $1,011,208; 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 2016,
such upon the taxable property of the City as the Authority may determine, subject to the
li ' ati • s contained in the HRA Act.
Reviewe fo; Administration:
Adopted by the City Council September 8, 2015
City
Attest: