HomeMy WebLinkAboutHEDRA Resolution No 4-2009HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT
AUTHORITY
Resolution No. ~-ZC~C~~/'
August 13, 2009
G THE LEVY OF A SPECIAL BENEFIT
TAX
wtv 469.033, ~UBll1YIS1ON 6, AND APPR
OF A BUDGET FOR FISCAL YEAR 2010
Camrnissioner Tc5 p{}~~ n introduced the following resolution and moved its
adoption:
WHEREAS, the Hastings Economic Development and Redevelopment Authority
(the "Authority) was created by the City Council of the City of Hastings {the `°City")
pursuant to Minnesota Statutes, Sections 469.090 to 469.1081; and
WHEREAS, the Authority was granted all of the powers of a municipal housing
and redevelopment authority under Minnesota Statutes, Sections 469.001 to 469.047 {the
"Act"); and
WHEREAS, Section 469.033, Subdivision 6, ofthe Act, as amended, permits the
Authority to levy and collect a special benefit tax of up to .0185 percent of taxable
market value in the City upon all taxable property, real and personal, within the City;
WHEREAS, the Authority desires to levy such tax in the amount of .0185 percent
of taxable market value in the City; and
WHEREAS, the levy of such a special benefit tax is subject to the approval by
resolution of the City Council of the City; and
WHEREAS, the Authority is required pursuant to Section 469.033, Subdivision 6,
of the Act to, in connection with the levy of such a special benefit tax, formulate and file
a budget in accordance with the budget procedure of the City in the same manner as
requued of executive departments of the City; and
WHEREAS, the Authority has before it for its consideration a copy of a budget
for its operations for the fiscal year 2010.
NOW, THEREFORE, be it resolved by the Board ofConunissioners ofthe
Authority.
Section 1. The budget for the operations of the Authority presented for
consideration by the Authority is hereby in all respects approved.
Section 2. The Authority hereby authorizes and forwards said budget to the City
Council for its approval.
Section 3. There is hereby levied, subject to the approval of the City Council, a
special benefit tax pursuant to Minnesota Statutes. Section 469.033, Subdivision 6, in the
amount of .0185 percent of taxable market value within the City.
Section 4. The Authority hereby requests the approval by resolution ofthe City
Council of the City of Hastings of the special tax benefit so levied pursuant to this
Resolution and requests the City Council to take such other actions as are necessary to
levy and certify such tax.
Commissioner k ~' ~ Y1 ~- seconded the resolution and upon being put
to a vote it was adopted:
Ayes: L~
Nays: CJ
Absent: 3
President
Attest:
' ector -<