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<br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #25-223 <br /> <br />RESOLUTION ADOPTING THE “PROPOSED” 2026 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, 2026 is hereby adopted for the Economic Development Authority Fund as <br />follows: <br /> <br /> ECONOMIC DEVELOPMENT FUND <br /> <br /> Revenues: <br /> Taxes (EDA Levy) $86,367 <br /> Interest Earnings 4,800 <br /> Total Revenues $91,167 <br /> <br /> Operating and Capital Expenditures: <br /> Personal Services $ 1,080 <br /> Supplies 44,000 <br /> Services and Charges 46,087 <br /> Total Operating and Capital Expenditures $91,167 <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Peters and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Heineman <br /> Councilmember Riley <br /> Councilmember Peters <br /> Councilmember Buscher <br /> Councilmember Olson <br /> Councilmember Specht <br /> Councilmember Stewart <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br /> <br /> <br />