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Councihnember Jeffrey introduced the following resolution and moved for its adoption: <br />RESOLUTION #10-O1-028 <br />RESOLUTION ADOPTING THE 2010 CITY OF RAMSEY ECONOMIC <br />DEVELOPMENT AUTHORITY FUND DUDGET <br />NOW THEREFORE, BE IT RESOLVED BY THE- CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the annual budget of the City of Ramsey for the fiscal yeaz beginning January 1, <br />2010 is hereby adopted for the Economic Development Authority Fund as follows: <br />ECONOMIC DEVELOPMENT FUND <br />Revenues: <br />Taxes (EDA Levy) $291,705 <br />Interest Earnings $3,000 <br />Total Revenues $294.705 <br />• Operating and Capital Expenditures: <br />Personal Services 80,897 <br />Supplies 8,500 <br />Services andChazges 140,850 <br />Capital Outlay 61,458 <br />Other Financing Uses - <br />Operating Transfers 0 <br />Total Operating and Capital Expenditures $291.705 <br />The motion for the adoption of the foregoing resolution was duly seconded by Councihnember <br />Elvig, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Ramsey <br />Councilmember Jeffrey <br />Councilmember Elvig <br />Councihnember Dehen <br />Councihnember Look <br />Councihnember McGlone <br />Councilmember Wise <br />and the following voted against the same: <br />• None <br />-329- <br />