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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #19-293 <br />RESOLUTION ADOPTING THE 2020 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, 2020 <br />is hereby adopted for the Economic Development Authority Fund as follows: <br />ECONOMIC DEVELOPMENT FUND <br />Revenues: <br />Taxes (EDA Levy) $ 91,413 <br />Interest Earnings $ 7,500 <br />Other Financing Sources $ 0 <br />Total Revenues $98,913 <br />Operating and Capital Expenditures: <br />Personal Services $ 2,163 <br />Supplies $ 49,000 <br />Services and Charges $ 47,750 <br />Total Operating and Capital Expenditures $ 98,913 <br />That the motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />and upon vote being taken thereon, the following voted in favor: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the loth day of December, 2019. <br />Mayor <br />ATTEST: <br />