2A, Economic Development Authority

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CITY OF ARDEN HILLS RAMSEY COUNTY STATE OF MINNESOTA RESOLUTION NO. 97-18 A RESOLUTION TRANSFERRING VARIOUS BUDGETARY,FINANCIAL,PROPERTY,AND PERSONNEL TO THE ARDEN HILLS ECONOMIC DEVELOPMENT AUTHORITY WHEREAS,the City Council of the City of Arden Hi.Ils,Minnesota adopted Resolution No. 96- 08,Enabling the Establishment of an Economic Development Authority; and WHEREAS,Minnesota Statutes, Section 469.094, Subd. 2, allows the City to transfer the control,authority,and operation of any project as defined in Section 469.174,Subd. 8,or any other program or project authorized by Sections 469.001 to 469.047 or 469.124 to 469.134 located within the City,from the government agency that established the project to the Economic Development Authority;and WHEREAS,the City is operating Development District No. 1 and Tax Increment Financing Districts Nos. 1,2 and 3 within the Development Program;and WHEREAS,the City Council has expressed a desire to transfer to the Economic Development Authority all activities,programs,operations, and control of budgeting,financing,property ownership, and personnel related to the economic development activities taking place within these districts. NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS,MINNESOTA.- The City transfers all activities,programs,operations,and control of budgeting, financing,property ownership,and personnel related to the economic development activities taking place within Development District No. 1 and Tax Increment Financing Districts Nos. 1,2 and 3. In addition,the City hereby transfers to the Economic Development Authority,the budgetary components of the Municipal Development/Redevelopment Fund(No. 522),which includes activities related to Development District No. 1 and Tax Increment Financ' Districts N . 1,2 and 3. PASSED AND ADOPTED BY THE CITY COUNCIL O HE CI OF RDEN HILLS THIS 14TH DAY OF APRIL, 1997. S PR BST,MAYOR ATTEST: BRIAN FRfTSINGER, CITY ADMINISTRATOR