RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, HOUSING AND REDEVELOPMENT AUTHORITY, FOR THE YEAR 2005.
BY COUNCILOR NESS:
RESOLVED, that pursuant to Minnesota Statutes, Sec. 469.033, Subd. 6, the city council adopts the following proposed property tax levy.
Section 1. The sum to be raised by taxation for the year 2005 for the housing and redevelopment authority taxing district’s operations is hereby determined to be the sum of $615,900 which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts as set forth in the following sections, viz:
Section 2. That pursuant to Minnesota Statute 469.033, Subd. 6, there will be levied for the purpose of providing for the housing and redevelopment authority special taxing district the sum of $615,900.
STATEMENT OF PURPOSE: This resolution sets the proposed tax levy for the year 2005 for the Duluth Housing and Redevelopment Authority. The proposed levy will increase at the request of the Authority $93,200 or 17.8 percent over 2004. The amount requested for 2005 is based on the full levy allowed by law of .0144 percent of market value.