HRA Res 2017-08 Budget Levy
HRA RESOLUTION NO. 2017 - 08
RESOLUTION ADOPTING A 2017 TAX LEVY
COLLECTIBLE IN 2018
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"). The amount of the levy shall not exceed 0.0185 percent of estimated market
value.
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.
Section 3. Adoption of General Levy.
3.01. The following sums of money are hereby levied for the current year, collectible in 2018,
upon the taxable property of the City for the purposes of the General Levy described in
Section 1.02 above:
Total General Levy: .0185% of the Estimated Market Value
Amount: $477,023
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.
HRA Resolution No. 2017 - 08 Page 2
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 HOUSING AND REDEVELOPMENT AUTHORITY
TH
IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 7DAY OF SEPTEMBER,
2017.
PATRICIA E. GABEL- CHAIRPERSON
ATTEST:
_____________________________________________
WALTER T. WYSOPAL - EXECUTIVE DIRECTOR