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HomeMy WebLinkAboutEDA RES 2004-16COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2004-16 AUTHORIZING THE LEVY OF A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES, SECTION 469.033, SUBDIVISION 6 AND APPROVAL OF A BUDGET FOR FISCAL YEAR 2005 WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469.1081 ("EDA Act") the City of Columbia Heights ("City") created the Columbia Heights Economic Development Authority (the "EDA"); and WHEREAS, pursuant to City Resolution 2001-62 and Ordinance No. 1442, the City Council granted to the EDA all powers and duties of a housing and redevelopment authority under the provisions of Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Act"), except certain powers that are allocated to the Housing and Redevelopment Authority in and for the City of Columbia Heights (the "HRA"); and WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the EDA and HRA, together, to levy and collect a special benefit levy of up to .0144 percent of taxable market value in the City upon all taxable real property within the City; and WHEREAS, the EDA desires to levy a special benefit levy in the amount of .0144 percent of taxable market value in the City; and WHEREAS, the EDA understands that the HRA does not expect to levy a special benefit tax for fiscal year 2005; and WHEREAS, the EDA has before it for its consideration a copy of a budget for its operations for the fiscal year 2005 and the amount of the levy for collection in 2005 shall be based on this budget. NOW, THEREFORE, Be It Resolved by the' 'Board of Commissioners of the Columbia Heights Economic Development Authority: 1. The budget of $223,790 for the operations of the EDA presented for consideration by the Board of Commissioners of the EDA is hereby in all respects approved. Such budget includes the amount the EDA requests (by separate resolution) to be levied by the City under Minnesota Statutes, Section 460.107, together with the amount to be levied hereunder by the EDA under Minnesota Statutes, Section 469.133, subdivision 6. 2. Staff of the EDA are hereby authorized and directed to file the budget with the City in accordance with. Minnesota Statutes, Section 469.033, Subdivision 6. SJB-236025vl CL205-3 3. Them is hereby levied, subject to the approval of the City Council of the City, a special benefit levy pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in the amount equal to the lesser of a levy at a rate of .0144 percent of taxable market value in City, or $161,366 with respect to taxes payable in calendar year 2005. 4. Staff of the EDA are hereby authorized and directed to seek the approval by resolution of the City Council of the City of the levy of special benefit taxes in 2005 and to take such other actions as are necessary to levy and certify such levy. Motion made this /~ day or Attest by: Wa~ter R. Fel~t, Executive Director ,2004. SJB-236025vl 2 CL205-3