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2017-11H HRA ResolutionHOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND RESOLUTION NO. 17-11H AUTHORIZING THE LEVY OF A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES, SECTION 469.033, SUBDIVISION 6 AND APPROVAL OF A BUDGET FOR FISCAL YEAR 2018 WHEREAS the Housing and Redevelopment Authority in and for the City of Mound (the "HRA") has been duly established and operates under Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Act"); and WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the HRA to levy and collect a special benefit levy of up to .0185 percent of taxable market value in the City upon all taxable real property within the City in order to finance housing and redevelopment activities authorized under the HRA Act; and WHEREAS, the HRA has reviewed a budget for its operations for fiscal year 2018, which budget earmarks the special benefits levy to pay debt service for the Mound Transit Center bonds and any other costs related to HRA administrative, operating and/or capital expenses; and NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound as follows: 1. The budgets for the Mound Transit Center debt service and maintenance costs for fiscal year 2018 are hereby in all respects approved. 2. Staff of the HRA are hereby authorized and directed to file the budget with the City in accordance with Minnesota Statutes, Section 469.033, Subdivision 6. 3. The Board approves a special benefit levy for taxes payable in 2018 pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to exceed $218,404, subject to the consent of the City Council of the City. 4. Staff of the HRA are hereby authorized and directed to seek the approval by resolution of the City Council of the City of the levy of special benefit taxes in 2018, certify such proposed special levy with the Hennepin County Auditor by September 29, 2017, certify the final levy with the County Auditor by the specified date and take such other actions as are necessary to levy and certify such levy. Approved this 22nd day of August, 2017 by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Mound. .� Chair Mark We sc eih d Attest: Catherine Pausche, Clerk