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Councilmember LeTourneau introduced the following resolution and moved for its adoption: <br />RESOLUTION #14 -12 -253 <br />RESOLUTION ADOPTING THE 2015 CITY OF RAMSEY ECONOMIC <br />DEVELOPMENT AUTHORITY FUND BUDGET <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 year beginning January 1, 2015 <br />is hereby adopted for the Economic Development Authority Fund as follows: <br />ECONOMIC DEVELOPMENT FUND <br />Revenues <br />Taxes (EDA Levy) $116,444 <br />Interest Earnings $ 3,000 <br />Other Financing Sources $ 87,857 <br />Total Revenues SZO 7 301 <br />Operating and Capital Expenditures <br />Personal Services $137,651 <br />Supplies $10,750 <br />Services and Charges $ 55,900 <br />Total Operating and Capital Expenditures SZO 4 301 <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Riley and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Strommen <br />Councilmember LeTourneau <br />Councilmember Riley <br />Councilmember Backous <br />Councilmember Johns <br />Councilmember Kuzma <br />Councilmember Tossey <br />and the following voted against the same: <br />None <br />