08-17 EDA Resolution No. 25 (2)
EDA RESOLUTION NO. 25
RESOLUTION AUTHORIZING REVISION OF THE 2020 BUDGET OF THE
ECONOMIC DEVELOPMENT AUTHORITY OF RICHFIELD
WHEREAS, Resolution No. 14 appropriated funds for personal services and other
expenses for the Economic Development Authority for the year 2020, and
WHEREAS, The Executive Director has requested a revision of the 2020 budget as
detailed in the 2021 budget document.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
of Richfield, Minnesota as follows:
Section 1. That the 2020 appropriation for the Economic Development Authority
General Fund is revised as follows:
$163,340 increase
Section 2. Estimated 2020 gross revenue of the Economic Development
Authority General Fund from all sources, as the same is more fully
21 budget
document, are hereby revised as follows:
$500 decrease
Section 3. That the Executive Director bring into effect the provisions of this
resolution.
Adopted by the Economic Development Authority in and for the City of Richfield,
Minnesota this 17th day of August, 2020.
Mary Supple, President
ATTEST:
John Stark, Executive Director