HomeMy WebLinkAboutEDA RES 2001-16 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2001-16
RESOLUTION RESCINDING THE. REDEVELOPMENT PROJECT
HOUSING TAX INCREMENT FINANCING DISTRICT NO. 2 AND
RELATED TAX INCREMENT FINANCING PLAN.
BE IT RESOLVED By the Economic Development Authority (the "EDA") of the City of Columbia
Heights, Minnesota (City") as follows:
Section. 1. Backgroundl Findings.
1.01. The City previously established the Central Business District Redevelopment Project and
adopted a related Redevelopment Plan. The City by Resolution, dated October 27, 1997, established Tax
Increment Financing District No. 2 (the "District") and adopted its related Tax Increment Financing Plan (the
"Plan").
1.02. The anticipated development within the Redevelopment Project did not occur.
1.03. A copy of the Resolution adopting the District and the Plan was not sent to the Anoka County
Auditor and the District was therefore not certified by the County.
1.04. A copy of the Resolution adopting the District and its related Plan was not sent to the
Minnesota Department of Revenue.
1.05. It is found and determined by the Board of Commissioners of the EDA that the development
foreseen by the plan is not likely to occur as set forth in the plan.
Section 2. Rescission of Housing District No. 2 and its related Plan.
2.01. The Board hereby rescinds, revokes, and annuls Resolution No. 97-12, establishing the
District and its related Plan.
2.02. The District is hereby dissolved and the Plan is rescinded, revoked and annulled.
2.03. Conditioned upon the approval by the City Council, Resolution No. 97-12 is hereby
rescinded, revoked, and annulled.
Approved by the Board of Commissioners of the Columbia Heights Economic J2~.yelopme.nt
Robert Ruettimann, President
ATYEST:
Walter R. Feb-st, Ex~{tive DireCtor
H:LResolutions2001\ Rrs. EDA TIF P3