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� CITY OF ARDEN HILLS
<br />RAMSEY COUNTY
<br />STATE OF MINNESOTA
<br />RESOLUTION NO. 97-18
<br />A RESOLUTION TRANSFERRING
<br />VARIOUS BUDGETARY, FINANCIAL, PROPERTY, AND PERSONNEL
<br />TO THE ARAEN HILLS ECONOMIC DEVELOPMENT AUTHORITY
<br />WHEREAS, the City Council ofthe City of Arden Hills, Minnesota adopted Resolution No. 96-
<br />0$, Enabling the Establishment of an Economic Development Authority; an.d
<br />WHEREAS, Minnesota Statutes, Sectian 469.094, Subd. 2, allows the City to transfer the
<br />control, autharity, and operation of any project as defined in Section 469.174, Subd. 8, ar any
<br />other prograrn or praject authorized by Sections 469.OQ1 ta 469.047 or �69.124 to 469.134
<br />lQcated within the City, from the government agency that established the project to the Economic
<br />Development Authority; and
<br />WHERTAS, the City is operating Development District Nv. 1 and Tax Incrernent Financing
<br />Districts Nas. 1, 2 and 3 within the Development Program; and
<br />� WHEREAS, the City Council has expressed a desire to transfer to the Economic Developnnent
<br />Authority all activities, programs, operations, and control of budgeting, fina:ncing, property
<br />awnership, and personnel related to the economic development activities taking place within
<br />these districts.
<br />NOW THEREFaRE, BE IT RESOLVED BY THE CITY COUNGIL OF THE CITY OF
<br />ARDEN HILLS, MINNESOTA:
<br />The City txansfers all activities, programs, operations, and contral of budgeting,
<br />financing, property ownership, and persQnnel related to the economic developmant
<br />activities taking place within Development District No. 1 and Tax Increment Financing
<br />Districts Nos. 1, 2 and 3. In addi#ion, the City hereby transfers to the Economic
<br />Developrnent Autharity, the budgetary components of the Municipal
<br />Development/Kedeveloprnent Fund (No. 522), which includes activities related tQ
<br />Development District No. 1 and Tax Increrx►ent Financir�Districts N�. 1, 2 and 3.
<br />PASSED AND ADOPTED BY THE CITY COUNCIL O HE C��OF RDEN HII.LS
<br />THIS 14TH DAY QF APRIL,1997. /�__� �j�
<br />ST, MAYOR
<br />ATTEST: � ,
<br />,� �t/•
<br />� '" , �- ,---� � �/
<br />—�'' E�•�=,�
<br />BRIAN FR�TSINGER, CITY ADMINISTR.ATOR
<br />,'�, , - � .� �.r.
<br />
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