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<br /> " <br /> . . <br /> . CITY OF ARDEN HILLS ECONOMIC DEVELOPMENT AUTHORITY <br /> RAMSEY COUNTY <br /> STATE OF MINNESOTA <br /> EDA RESOLUTION NO. 97-04 <br /> RESOLUTION ADOPTING THE 1998 BUDGET <br /> WHEREAS, the Executive Director and SecretarylTreasurer have prepared an annual budget <br /> and the Economic Development Authority (EDA) Commissioners have previously met for the <br /> purpose of discussing the 1998 budget; and <br /> WHEREAS, funds have been established to monitor specific EDA activities, including <br /> segregating individual Tax Increment Financing (TIF) District transactions. <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF <br /> THE ECONOMIC DEVELOPMENT AUTHORITY ("ED A") OF THE CITY OF ARDEN <br /> HILLS, MINNESOTA that the following 1998 Budget be adopted and approved: <br /> Revenue and Expenditures and <br /> EDA Fund No. Transfers In Transfers Out <br /> General Activities 701 $ 3,600 $ 15,000 <br /> . Revolving Business Loan 702 302,500 200,000 <br /> TIF District No. I 703 39,000 39,000 <br /> (Round Lake Housing) <br /> TIF District No.2 704 3,053,000 3,043,750 <br /> (Round Lake Office) <br /> TIF District No.3 705 61.000 58.540 <br /> (Cottage Villas Apartments) <br /> TOTALEDA $3.459.100 $3.356.290 <br /> PASSED AND ADOPTED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF <br /> THE CITY OF ARDEN HILLS THIS 15TH DAY OF DECEMBER, 1997. <br /> DENNIS PROBST, PRESIDENT <br /> ATTEST: <br /> BRIAN FRITSINGER, SECRETARYITREASURER <br /> . <br />