HomeMy WebLinkAboutEDA RES 2000-15COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 2000 - 15
RESOLUTION APPROVING A MODIFIED REDEVELOPMENT PLAN
FOR THE CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
AND A TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT (REDEVELOPMENT) NO. 9
BE IT RESOLVED By the Board of Commissioners ("Board") of the Columbia Heights Economic
Development Authority ("Authority") as follows:
Section 1. Recitals.
1.01. The City of Columbia Heights ("City") has previously established the Central
Business District Redevelopment Project (the "Project") and a redevelopment plan therefor (the
"Redevelopment Plan"), originally administered by the Housing and Redevelopment Authority in
and for the City of Columbia Heights ("HRA").
1.02. By resolution approved January 8, 1996, the City transferred the control, authority
and operation of the Project from the HRA to the Authority.
1.03. The Authority is acting as set forth herein in order to administer the Authority's
development and redevelopment efforts more efficiently, and in accordance with the Redevelopment
Plan and pursuant to Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Law").
Specifically, the Authority finds that action is needed within the expanded Project area to correct
blight, prevent the emergence or spread of blight or blighting conditibns, and facilitate development
of adequate, safe and sanitary dwellings in order to protect the health, safety, morals and welfare of
the citizens of the City.
1.04. The Authority has also proposed the establishment within the Project of Tax
Increment Financing District (Redevelopment) No. 9 (the "TIF District") and a Tax Increment
Financing Plan ("TIF Plan") therefor, pursuant to the HRA Law and Minnesota Statutes, Sections
469.174 through 469.179 ( the "TIF Act").
1.05. The Authority has caused to be prepared a document titled "City of Columbia
Heights, Minnesota, Columbia Heights EDA Tax Increment Financing Plan for Tax Increment
Financing District (Redevelopment) No. 9 (Transition Block Redevelopment Project - Crest
View/Real Estate Equities)" (the "Plan").
1.06. The City Planning and Zoning Commission has provided a written comment to this
Board finding that the Plan is. consistent with the comprehensive City plan.
1.07. The Authority has reviewed and discussed with the proposed developer of the
redevelopment described in the Plan the developer's proposed financing for such redevelopment and
on the basis of that review has determined that the proposed public financing set forth in the Plan
is appropriate.
Section 2. Plan Adopted; Further Proceedings.
2.01. The Plan is hereby approved and adopted and the Redevelopment Plan is hereby
modified accordingly.
2.02. The Board hereby makes all the find, ings set forth in the Plan, which is incorporated
herein by reference.
2.03. The Board hereby transmits the Plan to the Council and recommends that the Council
hold the required public heating and adOpt the Plan, such recommendation contingent upon the
Council's determination that the proposed public financing of the development set forth in the Plan
is adequate, sufficiently detailed, and appropriate for such development.
2.04. Upon approval of the Plan by the Council, Authority staff and consultants are
authorized to take all actions necessary to implement the Plan, including negotiation and preparation
of agreements in connection with development and redevelopment within the TIF District and
Project area.
Approved by the Board of Commissioners of the Columbia Heights Economic Development
Authority this 25th day of September, 2000.
Pre~iden~"l~obert Ruettimanrf'- - -
Attest:
Executive Director Walter R. Fehst
H:~EDA Resolution 2000-15, TIF District No. 9