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<br /> <br />City of Arden Hills <br />Apnl 14,2006 <br />Page Twelve <br /> <br />Economic Development Authority <br /> <br />The Economic Development Authority had actIvity for the first time in 1997 and will account for tax increments and <br />projects within the TIF districts. The Development/Redevelopment TIF capital projects fund was dosed into this fund <br />in 1997, <br /> <br />Community Service <br /> <br />Th1s fund will provide for various parks, recreation and public safety needs in the community as determined by the <br />Council and permined hy Minnesota statute. <br /> <br />Park <br /> <br />This fund is used to fInance and plan future new park capital improvements. The revenue mainly results from park <br />dedication fees. <br /> <br />Cable TV <br /> <br />The fund balance is expected to be used for cabIe cqu1pmcnt and programming activities at the City halJ. <br /> <br />TCAAP <br /> <br />The fund balance is expected to be used for future development implementation planning activities. <br /> <br />Risk .Management <br /> <br />This fund exists to pay deductible costs on insurance claims. The revenue win come from insurance dividends received <br />from the League of Minnesota Cities Insurance Trust. <br /> <br />9S2.R:J,'}.9090 . Fax 952.tJ:\S.:l261 <br /> <br />wWW.aeulqm,;.U)1ll <br /> <br />. <br /> <br />. <br /> <br />. <br />