HomeMy WebLinkAbout22-198 - ADMIN Resolution - City Council - 2022/12/19Resolution No. 22-198
Resolution authorizing the 2023 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 provisions of Minnesota
Statutes, sections 469.001 to 469.047 (the "HRA Act"); and
Whereas, Section 469.033, subdivision 6 of the Act authorizes the Aut hority 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 taxable
market value of the City; and
Whereas, for 2023, the Final HRA Levy amount will be $1,582,696; 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: That approval is hereby
given for the Authority to levy, for taxes payable in 2023, such tax upon the taxable property of
the City as the Authority may determine, subject to the limitations contained in the HRA Act.
Reviewed for Administration: Adopted by the City Council December 19, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: FA77D9DC-9D69-4BC3-8418-979F09A32ED5