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NCDA Agenda Item #2a <br /> <br />MEMORANDUM <br />June 17, 2004 <br /> <br />TO: <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />NCDA <br /> <br />Staff <br /> <br />Three Month Budget Extension (July-September) <br /> <br />The second half 2003 and first half 2004 budget was approved by the NCDA for <br />the period July 10, 2003 through June 30, 2004. The budget and funding is <br />sufficient to continue the Northstar development activities for the next three <br />months. Because of the uncertainty of the future direction of Northstar, it is <br />difficult to prepare a budget for the next 12 months. Therefore, staff are <br />recommending that the NCDA extend the term of the current budget through <br />September 30, 2004, with no additional contributions from members. <br /> <br />Action Requested: That NCDA extend the term of the current budget through <br /> September 30, 2004 with no additional contributions from <br /> members. <br /> <br /> Northstar Corridor Development Authority <br />? 100 3"' Avenue, Anoka. Minnesota 55303-2265 f763) 323-5700 Fax: (763) 323-5682 www. northstartrain.or~z <br /> <br /> <br />