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HomeMy WebLinkAbout15.F.1. 2006 EDA Tax Levy-Res. No. 6470 IS:~ J. CITY OF SHAKOPEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director RE: 2006 EDA Tax Levy Consent Resolution No. 6470 DATE: August 24, 2005 Introduction Attached is Resolution Number 6470, which consents to the EDA tax levy. Background State law MSA 469.107 provides that the City Council may levy a tax at the request of the EDA for economic development purposes. Further, MSA 469.033 provides that the City Council may consent to a levy by theEDA for redevelopment purposes. Accordingly, the attached resolution is provided for Council action. Action Offer Resolution Number 6470, A Resolution Levying A Tax At The Request Of, And Consenting To The Levy Of A Tax By, The Economic Development Authority For The City Of Shakopee, and move its adoption. jA! GreggVoxland Finance Director h:\budget07\budres07 RESOLUTION NO. 6470 A RESOLUTION LEVYING A TAX AT THE REQUEST OF, AND CONSENTING TO THE LEVY OF A TAX BY, THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKO PEE WHEREAS, the Economic Development Authority for the City of Shakopee was created pursuant to Minnesota Statutes, Section 469.091 et. seq. , as amended, and WHEREAS, Section 469.107 states the governing body of the municipality may levy a tax at the request of the Authority, and WHEREAS, Section 469.033 states that for redevelopment purposes, the Economic Development Authority may levy a tax with the consent of the governing municipality, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, MINNESOTA, that the City Council levies a special tax of $60,000 pursuant to MSA 469.107 to be collected in 2007 for the Economic Development Authority by the City of Shakopee. BE IT FURTHER RESOLVED that the City Council of the City of Shakopee consents to a special tax levy of $20,000 pursuant to MSA 469.033 to be collected in 2007 by the Economic Development Authority. Adopted in . session of the City Council of the City of Shakopee, Minnesota held this day of September, 2006. Mayor of the City of Shakopee ATTEST: City Clerk