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<br />Councilmember Strommen introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #07-01-002 <br /> <br />RESOLUTION ADOPTING THE 2007 CITY OF RAMSEY ECONOMIC <br />DEVELOPMENT 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 />2007 is hereby adopted for the Economic Development 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 />$396375 <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 />19,080 <br />9,000 <br />68,540 <br />296,755 <br /> <br />o <br />$393375 <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Olson, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Strommen <br />Councilmember Olson <br />Councilmember Dehen <br />Councilmember Elvig <br />Councilmember Jeffrey <br />Councilmember Look <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br />