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<br />Councilmember LeTourneau introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #15-09-220 <br /> <br />RESOLUTION ADOPTING THE “PROPOSED” 2016 CITY OF RAMSEY ECONOMIC <br />DEVELOPMENT AUTHORITY FUND BUDGET <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the “Proposed” annual budget of the City of Ramsey for the fiscal year beginning <br />January 1, 2016 is hereby adopted for the Economic Development Authority Fund as <br />follows: <br /> <br />ECONOMIC DEVELOPMENT FUND <br /> <br /> <br /> Revenues: <br /> Taxes (EDA Levy) $ 75,618 <br /> Interest Earnings $ 10,000 <br />Total Revenues <br /> $ 85,618 <br /> <br /> Operating and Capital Expenditures: <br /> Personal Services $ 5,928 <br /> Supplies $17,000 <br /> Services and Charges $ 62,690 <br />Total Operating and Capital Expenditures <br /> $ 85,618 <br /> <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Strommen <br /> Councilmember LeTourneau <br /> Councilmember Kuzma <br /> Councilmember Shryock <br /> <br />and the following voted against the same: <br /> <br /> Councilmember Riley <br /> Councilmember Williams <br /> <br />and the following abstained: <br /> <br /> None <br /> <br /> <br /> <br />