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