EDA RES 2024-06 Requesting a Budget from the CityOTSEGO ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2024-06
REQUESTING A BUDGET FROM THE CITY
WHEREAS, the Board of Commissioners of the Economic Development Authority (the EDA) shall, annually submit a budget
request to the City of Otsego (the City); and
WHEREAS, the Board of Commissioners of the EDA has reviewed the proposed budget and has determined the budget is
adequate to fund the respective operations and debt service requirements for the year 2025,
NOW, THEREFORE, BE IT RESOLVED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF OTSEGO, MINNESOTA:
1. That the following revenues and expenditures (summarized) be submitted to the City as the final budget for the
Economic Development Authority for 2025 as follows:
Revenues
Property Taxes $500
Bond Proceeds 442,259
Total Revenues 442 759
Expenditures
Operating $500
Debt Service 442,259
Total Expenditures 5442o759
ADOPTED by the Board of Commissioners this 9th day of December, 2024.
MOTION BY:
SECONDED BY:
IN FAVOR:
OPPOSED:
Goede
Dahl
Stockamp,
one
Dahl, Dunlap, Goede,
rl
and Moores
Oore EGO ECONOMIC DEVELOPMENT AUTHORITY
Jessica Stockamp, President
f- ATTEST:
Audra Etzel, Secretary