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<br />'" <br /> <br />RESOLUTION NO. 89-153 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING PAYMENT OF ADMINISTRATIVE CHARGES <br /> <br />WHEREAS, administrative charges are made to assess a service fee between <br />two City operations; <br /> <br />WHEREAS, the City has in place administrative charges for liquor, <br />engineering, and the utilities; <br /> <br />WHEREAS, the City also has used these charges for 5 of the 17 tax <br />increment districts; <br /> <br />WHEREAS, the extension of this practice to all of the districts would <br />be desirable and is financially possible; <br /> <br />Now, therefore be it resolved that, <br /> <br />1. An annual administrative charge of not more than 5% of the increment <br />shall be collected from the districts. <br /> <br />2. The proceeds above the amount already being collected shall be <br />dedicated to development purposes and shall be accounted for in the Tax <br />Increment Development Fund. <br /> <br />3. This Resolution shall be effective for 1989. <br /> <br />Adopted this <br /> <br />28th <br /> <br />day of November. 1989 <br /> <br />ATTEST, <br /> <br /> <br />~d~ <br /> <br />Finance Director/City Clerk <br /> <br />/If ^ () \ <br />\~. <br /> <br />(SEAL) <br /> <br />~ 1 <br />