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<br />Councilmember Elvig introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #08-01-004 <br /> <br />RESOLUTION ADOPTING THE 2008 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, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />1) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2008 is hereby adopted for the Economic Development Authority Fund as follows: <br /> <br />ECONOMIC DEVELOPMENT FUND <br />Revenues: <br />Taxes (EDA Levy) <br />Interest Earnings <br />Total Revenues <br /> <br />$393,375 <br />$3.000 <br />$396.375 <br /> <br />Operating and Capital Expenditures: <br />Personal Services <br />Supplies <br />Services and Charges <br />Capital Outlay <br />Other Financing Uses- <br />Operating Transfers <br />Total Operating and Capital Expenditures <br /> <br />19,027 <br />9,000 <br />68,593 <br />296,755 <br /> <br />o <br />$393.375 <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Look, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Elvig <br />Councilmember Look <br />Councilmember Dehen <br />Councilmember Jeffrey <br />Councilmember Strommen <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br />