2019-03H HRA ResolutionHOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MOUND
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 2020
WHEREAS the Housing Redevelopment aoperatesuthority in and for the City of under Minnesota Statutes, Sections
469.001
(the
"HRA") has been duly established
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 2020, 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 the
Mound f follows: Commissioners of the Housing and
Redevelopment Authority in andfor IY
1. The budgets for the Mound
in allsit Cerate respects debtapprservice and maintenance costs for
fiscal year 2020 a Y
2. Staff of the HRA are ba Stat teseSection'rected to file the 469 033, Subdivision g6t with the City in
accordance with Minneso
3. The Board approves a special benefit levy for taxes payable in 2020 pursuant to
Minnesota Statutes, Section 469.033, Subdivision 6, in an amount not to exceed
$248,555, 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
2020, certify such proposed special levy with the Hennepin County Auditor by
September 30, 2019, 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 10th day of September, 2019 by the Board of Commissioners of the Housing
and Redevelopment Authority in and for the City of Mound.
Chair, Raymond J. Salazar
Attest: Catherine Pausche, Clerk