HomeMy WebLinkAbout25-20 - ADMIN Resolution - Economic Development Authority - 2025/09/15EDA Resolution No. 25 - 20
Authorizing the preliminary HRA levy for 2026
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 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 $1,194,133 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 Economic Development Authority that
approval is hereby given for the Authority to levy, for taxes payable in 2026, 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 economic development
authority September 15, 2025:
Karen Barton, executive director Sue Budd, president
Attest:
Melissa Kennedy, city clerk
Docusign Envelope ID: D56E2B84-DF15-4905-84C9-BEBCAAF537C6