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Counc/lmember Strommen introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-01-015 <br /> <br />RESOLUTION ADOPTING THE 2005 <br />DEVELOPMENT FUND BUDGET <br /> <br />CITY OF RAMSEY ECONOMIC <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) <br /> <br />That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2005 is hereby adopted for the Economic Development Fund as follows: <br /> <br />ECONOMIC DEVELOPMENT FUND <br /> <br />Revenues: <br /> Taxes (HRA Levy) <br /> Interest Earnings <br />Total Revenues <br /> <br />$172,347 <br /> $ 3,000 <br />$175~347 <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 />26,265 <br /> 9,000 <br />58,200 <br />78,882 <br /> <br />$172,34'7 <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmembcr Elvig, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Strommen <br />Councilmember Elvig <br />Councilmember Cook <br />Councilmember Jeffrey <br />Counci Imember Olson <br />Counci hnember Pearson <br /> <br />and tile Ibllowing voted against the same: <br /> <br />NOlle <br /> <br />and the fbllowing abstained: <br /> <br />NOlle <br /> <br /> <br />