Laserfiche WebLink
Page 1 of 3 <br /> <br />DATE: December 8, 2014 <br /> <br />TO: EDA Chair and Commissioners <br />Patrick Klaers, EDA Secretary <br /> <br />FROM: Sue Iverson, EDA Treasurer <br /> <br />SUBJECT: Proposed EDA 2015 Budgets <br /> <br /> <br />Background/Discussion <br /> <br />The EDA is a blended component unit of the City of Arden Hills which makes EDA Funds <br />Special Revenue Funds of the City. Annually we are required by the State to set budgets for the <br />City’s General Fund and all Special Revenue Funds (which includes all the EDA Funds). <br /> <br />These EDA Funds are: <br /> <br /> EDA General Fund <br /> EDA Revolving Loan Fund <br /> EDA TIF District #2 Round Lake <br />EDA TIF District #3 Cottage Villas <br />EDA TIF District #4 Presbyterian Homes <br /> <br />The EDA discussed these budgets at its September 9, 2014 meeting. The City Council will <br />approve the City’s overall budgets at the December 8, 2014 City Council meeting after the <br />Truth-in-Taxation hearing. <br /> <br />The following are the EDA budgets for approval: <br /> <br /> <br />OLD BUSINESS – 4A <br /> <br /> <br />MEMORANDUM <br />