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HomeMy WebLinkAboutCity Council Resolution 2008-386CITY OF PLYMOUTH RESOLUTION No. 2008 - 386 A RESOLUTION TO AUTHORIZE THE 2009 HRA LEVY WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469.108 (the "EDA Act"), the City Council of the City of Plymouth created the Housing and Redevelopment Authority in and for the City of Plymouth, Minnesota (the "Authority"); and WHEREAS, pursuant to the HRA Act, the City Council granted to the Authority all of the powers and duties of a housing and redevelopment authority under the provisions of Minnesota Statutes; and WHEREAS, Section 469.033, subdivision 6 of the HRA Act permits the Authority to levy a tax upon all taxable property within the City to be expended for the purposes authorized by the Act; and WHEREAS, such levy may be in an amount not to exceed 0.0144 percent of taxable market value of the City; and WHEREAS, the Authority has filed its budget for the special benefit levy in accordance with the budget procedures of the City; and WHEREAS, based upon such budgets, the Authority will levy all or such portion of the authorized levy as it deems necessary and proper. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that approval is hereby given for the Authority to levy $551,277, for taxes payable in 2009, upon the taxable property of the City as the Authority may determine, subject to the limitations contained in the HRA Act. APPROVED THIS 9TH DAY OF DECEMBER 2008.