5.0. EDSR 08-11-1997 •
GENERAL PROPERTYITEM 5
ECONOMIC DEVELOPMENT AUTHORITY
•
1995 1996 1997 1998
ACTUAL ACTUAL ADOPTED PROPOSED
TAX $73,907 $84,495 $82,440 $95,500
INTERGOVERNMENTAL REVENUES 12,107 11,522 12,060 12,050
0
OTHER REVENUES 103,519 10,247 0
TOTAL $189,533 $106,264 $94,500 $107,550
EXPENDITURE ANALYSIS
GENERAL PROPERTY TAX
Ad Valorem Tax $95,500 $95,500
INTERGOVERNMENTAL REVENUES
HACA 12,050 12,050
$107,550
1998
ACTUAL ACTUAL ADOPTED PROPOSED
1995 1996 1997
PERSONAL SERVICES $40,144 $50,335 $46,600 $52,850
SUPPLIES 1,159 1,216 800 900
OTHER SERVICES &CHARGES 39,961 54,190 45,350 51,800
CAPITAL OUTLAY 0 2,316 0 0
TRANSFERS OUT 1,000 1,000 1,000 2,000
TOTAL $82,264 $109,057 $93,750 $107,550
$32,450
12,600
500
4,950
2,350 $52,850
800
100
PERSONAL SERVICES
Regular Pay
Part Time Pay
Over Time Pay
Employee Pensions
Employee Insurance
SUPPLIES
Office Supplies
Motor Fuels & Lubricants 900
OTHER SERVICES &CHARGES
Legal 3,500
Other Professional Services 6,000
17,000
14,500
1,500
1,600
Advertising
Marketing
Printing
Postage
Telephone 1,200
6,000
Miscellaneous(Chamber of Commerce)
Insurance 500 51,800
• TRANSFERS OUT REVENUE ANALYSIS
General Fund 2,000 2,000
$ 107,550
• BUSINESS INCUBATOR
1995 1996 1997 1998
ACTUAL ACTUAL ADOPTED PROPOSED
PERSONAL SERVICES $0 $0 $0 $0
SUPPLIES 0 0 0 1,000
OTHER SERVICES & CHARGES 0 0 0 31,300
CAPITAL OUTLAY 0 0 0 31,200
TOTAL $0 $0 $0 $63,500
EXPENDITURE ANALYSIS
SUPPLIES
Operating Supplies $1,000 $1,000
OTHER SERVICES & CHARGES
Other Professional Services 6,000
Building Rent 19,800
Cleaning Contract 500
• Marketing 5,000 31,300
CAPITAL OUTLAY
Buildings - Leasehold Improvements 31,200 31,200
$ 63,500
RESOLUTION 97 -
A RESOLUTION OF THE ELK RIVER
4111
ECONOMIC DEVELOPMENT AUTHORITY
A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK
RIVER ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF ELK RIVER, MINNESOTA
WHEREAS, Minnesota Statutes, Section 469.107, Subdivision 1,
authorizes the Economic Development Authority to levy an
amount not to exceed .01813 percent of the taxable market
value in the city to fund the Authority's anticipated budget
needs for the fiscal year 1998; and,
WHEREAS, the Elk River Economic Development Authority has adopted
and approved its budget and will forward such to the City of
Elk River pursuant to Minnesota Statutes, Section 469.100,
Subdivision 2.
.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Elk River, Minnesota, that it hereby requests
the City Council of the City of Elk River to levy a tax in the amount of.01813
percent of the taxable market value in the city for the year 1998 for the
benefit of the Authority to be used for Economic Development Authority
purposes as provided by the Statute.
Passed and adopted by the Elk River Economic Development Authority this
11th day of August, 1997.
Patrick Dwyer, President
ATTEST:
Paul T. Steinman, Executive Director