HomeMy WebLinkAboutEDA RES 2005-18
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2005-18
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 2006
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 2006; and
WHEREAS, the EDA has before it for its consideration a copy of a budget for its
operations for the fiscal year 2006 and the amount of the levy for collection in 2006 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 $246,331 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
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the City in accordance with Minnesota Statutes, Section 469.033, Subdivision 6.
3. There 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 2006.
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 2006 and to
take such other actions as are necessary to levy and certify such levy.
Motion by:
Second by:
Attest by:
Motion passed this o'2d-..dayof No VQ-rvJy.../~ , 2005.
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