HRA RES 1998-14 - 00001021RESOLUTION NO. HRA 14 - 1998
A RESOLUTION ADOPTING A 1998 TAX LEVY
COLLECTIBLE IN 1999
BE IT RESOLVED by the Board of Commissioners (the "Commissioners") of the
Housing and Redevelopment Authority in and for the City of Fridley,
Minnesota (the "Authority"), as follows:
Section 1. Recitals.
1.01. The Authority is authorized by Minnesota Statutes Section 469.033
to adopt a levy on all taxable property within its area of operation, which
is the City of Fridley, Minnesota (the "City").
1.02 The Authority is authorized to use the amounts collected by the
levy for the purposes of Minnesota Statutes Sections 469.001 to 469.047
(the "General Levy").
Section 2. Findings.
2.01. The Authority hereby finds that it is necessary and in the best
interests of the City and the Authority to adopt the General Levy to
provide funds necessary to accomplish the goals of the Authority and in
furtherance of its Modified Redevelopment Plan.
Section 3. Adoption of General Levy.
3.01. The following sums of money are hereby levied for the current
year, collectible in 1999, upon the taxable property of the City for the
purposes of the General Levy described in Section 1.02 above:
Total General Levy: .01440 of Taxable Market Value
Amount: Maximum Allowed by Law
Section 4. Report to City and Filing of Levies:
4.01 The Executive Director of the Authority is hereby instructed to
transmit a certified copy of this Resolution to the City Council for its
consent to the General Levy.
4.02 After the City Council has consented by resolution to the General
Levy, the Executive Director of the Authority is hereby instructed to
transmit a certified copy of this Resolution to the County Auditor of Anoka
County, Minnesota.
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF FRIDLEY THIS 6TH DAY OF AUGUST 1998.
LAWRENCE R. COMMERS - CHAIRPERSON
ATTEST:
WILLIAM W. BURNS, EXECUTIVE DIRECTOR