08-17 EDA Resolution No. 24
EDA RESOLUTION NO. 24
RESOLUTION APPROVING PROPOSED 2021 ECONOMIC DEVELOPMENT
AUTHORITY BUDGET AND CERTIFYING THE 2021 TAX LEVY
BE IT RESOLVED by the Housing and Redevelopment Authority of the City of
Richfield, Minnesota as follows:
Section 1. The budget for the Economic Development Authority
General Fund of Richfield for the year 2021 in the amount of
$398,250 is hereby ratified.
Section 2. The estimated gross revenue of the Economic Development
Authority General Fund of Richfield from all sources, including
general ad valorem tax levies as hereinafter set forth for the year
2021, and as the same are more fully detailed in the Executive
21, in the
amount of $532,140 is hereby approved.
Section 3. There is hereby levied upon all taxable property in the City of
Richfield an ad valorem tax in 2020, payable in 2021 for the
following purposes:
Economic Development Authority $529,190
Section 4. A certified copy of this resolution shall be transmitted to the County
Auditor.
Adopted by the Economic Development Authority in and for the City of Richfield,
Minnesota this 17th day of August, 2020.
Mary B. Supple, President
ATTEST:
John Stark, Executive Director