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HomeMy WebLinkAboutEDA RES 2009-18COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2009-18 RESOLUTION AUTHORIZING EXECUTION OF A TAX INCREMENT PLEDGE AGREEMENT WITH THE CITY OF COLUMBIA FIGHTS RELATING TO $580,000 TAXABLE GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2009B BE IT RESOLVED by the Board of Conunissioners of the Columbia Heights Economic Development Authority (the "Authority "), as follows: 1. The President and the Executive Director of the Authority are hereby authorized to execute and deliver a Tax Increment Pledge Agreement with the City of Columbia Heights, Minnesota (the "City "), substantially in the form on file in City Hall, providing for the pledge of tax increment for the payment of the principal of, premium, if any, and interest on the City's $ 580,000 Taxable General Obligation Tax Increment Bonds, Series 2009B. 2. This Resolution shall be effective as of the date hereof. Passed this 23rd day of June, 2009. Offered by: Williams Second by: Kelzenberg Ayes: Kelzenberg, Williams, Szurek, Herriurger, Diehm Nay: Nawrocki r Vice •esident, Marla Je16 ek ATTEST: �A - -N Secretary, Shell Hanson