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<br />amount of$9,159,173 and adopt the resolution adopting the 2008 City of Ramsey General Fund <br />Operating Budget in the amount of $10,049,236. <br /> <br />Motion carried. V oting Yes: Chairperson Strommen, Mayor Gamec and Councilmember Look. <br />Voting No: None. Absent: Councilmember Elvig. <br /> <br />Case #2: <br /> <br />Adopt Resolution Approving Proposed 2008 EDA <br /> <br />Finance Officer Lund stated that this amount was also the same as presented on September 11, <br />2007 at $393,375. <br /> <br />Mayor Gamec stated that he would like to know the fund balance in the EDA account. <br /> <br />Motion by Mayor Gamec. seconded by Councilmember Look. to recommend that the City <br />Council adopt the resolution Adopting the 2007, payable 2008 EDA tax levy in the amount of <br />$393,375. <br /> <br />Motion carried. V oting Yes: Chairperson Strommen, Mayor Gamec and Councilmember Look. <br />Voting No: None. Absent: Councilmember Elvig. <br /> <br />COMMITTEE INPUT <br /> <br />There was none. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Look, seconded by Mayor Gamec, to close the regular meeting of the <br />Finance Committee. <br /> <br />Motion carried. <br /> <br />The regular meeting of the Finance Committee adjourned at 5:36 p.m. <br /> <br />Respectfully submitted, <br /> <br />f) ~ .-L-J <br /> <br />Diana Lund <br />Finance Officer <br /> <br />Finance Committee I December 11, 2007 <br />Page 2 of3 <br />