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<br />CITY OF ARDEN HILLS ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />e <br /> <br />EDA RESOLUTION NO. 99-03 <br /> <br />RESOLUTION ADOPTING THE 2000 BUDGET <br /> <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 2000 budget; and <br /> <br />WHEREAS, funds have been established to monitor specific EDA activities, including <br />segregating individual Tax Increment Financing (TIF) District transactions. <br /> <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 2000 Budget be adopted and approved: <br /> <br /> EDA Fund No. Revenue and Expenditures and <br />Number Description Transfers In Transfers Out <br />701 General Activities $ 23,750 $ 18,970 e <br />702 Revolving Business Loan 23,562 - 0- <br />703 TIF District No.1 - 0- - 0 - <br /> (Round Lake Housing) <br />704 TIF District No.2 175,000 171,275 <br /> (Round Lake Office) <br />705 TIF District No.3 35.750 31.250 <br /> (Cottage Villas Apartments) <br /> TOTAL EDA $ 258.062 $ 221.495 <br /> <br />PASSED AND ADOPTED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF <br />THE CITY OF ARDEN HILLS THIS 13th DAY OF DECEMBER, 1999. <br /> <br />DENNIS PROBST, PRESIDENT <br /> <br />ATTEST: <br /> <br />JOSEPH P. LYNCH, EXECUTIVE DIRECTOR <br /> <br />e <br />