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<br /> I <br /> CITY OF ARDEN illLLS ECONOMIC DEVELOPMENT AUTHORITY . <br /> RAMSEY COUNTY <br /> STATE OF MINNESOTA <br /> EDA RESOLUTION NO. 98-03 <br /> RESOLUTION ADOPTING THE 1999 BUDGET <br /> WHEREAS, the Executive Director and Secretary/Treasurer have prepared an annual budget <br /> and the Economic Development Authority (EDA) Commissioners have previously met for the <br /> purpose of discussing the 1999 budget; and <br /> WHEREAS, funds have been established to monitor specific EDA activities, including <br /> segregating individual Tax lncrement Financing (TIF) District transactions. <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF <br /> THE ECONOMIC DEVELOPMENT AUTHORITY ("EDA") OF THE CITY OF ARDEN <br /> HILLS, MINNESOTA that the following 1998 Budget be adopted and approved: <br /> EDA Fund No. Revenue and Expenditures and <br /> Number Description Transfers In Transfers Out <br /> 701 Genera! Activities $ 5,000 $ 4,090 . <br /> 702 Revolving Business Loan 3,055 -0- <br /> 703 TIF District No. I 18,500 18,500 <br /> (Round Lake Housing) <br /> 704 TIF District No.2 972,000 2,383,248 <br /> (Round Lake Office) <br /> 705 TIF District No.3 58.900 52.900 <br /> (Cottage Villas Apartments) <br /> TOTALEDA $1.057.455 $2.458_738 <br /> PASSED AND ADOPTED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF <br /> THE CITY OF ARDEN illLLS TillS 14TH DAY OF DECEMBER, 1998. <br /> DENNIS PROBST, PRESIDENT <br /> ATTEST: <br /> BRIAN FRITSINGER, SECRETARY /TREASURER <br /> . <br />