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HomeMy WebLinkAboutResolution 2001-64RESOLUTION NO. 2001-64 RESOLUTION RESCINDING THE REDEVELOPMENT PROJECT HOUSING TAX INCREMENT FINANCING DISTRICT NO. 2 AND ITS RELATED TAX INCREMENT FINANCING PLAN WHEREAS, it has been recommended by the Board of Commissioners of the Economic Development Authority (the "EDA") for the City of Columbia Heights (''the City"), pursuant to EDA Resolution No. 2001-16 which is hereby incorporated by reference, that the City rescind, revoke, and annul Housing Tax Increment Financing District No. 2 (the "District') and its related Tax Increment Financing Plan (the "Plan"). WHEREAS, the EDA previously adopted the Central Business District Redevelopment Project and Redevelopment Plan thereof. WHEREAS, by Resolution, dated October 21, 1997, the EDA adopted the District and its related Plan; and WHEREAS, a copy of the District and its related Plan were not sent to the Anoka County Auditor and the District was therefore not certified by the County; and WHEREAS, a copy of the District and its related Plan was not sent to the Minnesota Department of Revenue; and WHEREAS, the development foreseen by the Plan is not likely to occur as set forth in the Plan. WHEREAS, it is found and determined by the City that the findings and determinations of EDA Resolution No. 2001-16 are incorporated by reference. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: 1. The City hereby rescinds, revokes and annuls Resolution No. 97-58, adopting the District and its related Plan. 2. The District is hereby dissolved and the plan rescinded, revoked and annulled. 3. The staff of the City, City advisors and legal counsel are authorized and directed to take whatever action and to execute and deliver such documents that are necessary to give effect to this Resolution. Passed this 22nd day of October 2001. Offered by: Nawrocki Second by: Wyckoff Roll Call: All ayes - Peterson, Szurek, Wyckoff, Nawroc~, Willi i~Ol~ar~ L. l~ters~n Pahicia Muscovitz, Deputy City C~trk