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Home My WebLink AboutEDA RES 2009-21COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2009-21 RESOLUTION DECERTIFYING 1977 CBD REVITALIZATION PLAN (DOWNTOWN REDEVELOPMENT) TAX INCREMENT FINANCING DISTRICT Recitals Section L 1.01. The Authority and the City of Columbia Heights, Minnesota (the "City ") previously established the 1977 CBD Revitalization Plan Tax Increment Financing District (Downtown Redevelopment) (the "TIF District ") and adopted a Tax Increment Financing Plan therefore (the "TIF Plan "), pursuant to Minnesota Statutes, Sections 273.71 through 273.78, since recodified as Sections 469.174 through 469.1799 (the "TIF Act "). The TIF Plan was adopted by the City Council of the City on March 2, 1977. 1.02. Pursuant to Section 469.176, Subdivision lc of the TIF Act, for tax increment financing districts created prior to August 1, 1979, such as the TIP District, tax increment revenues shall not be paid to an authority after August 1, 2009. 1.03. The Board has determined that it is in the best interests of the Authority to recognize the expiration of the TIF District and to formally decertify the TIP District as of August 1, 2009. Section 2. TIF District Decertified, Filing. 2.01. The TIF District is hereby deemed decertified as of August 1, 2009. 2.02. Authority staff is authorized and directed to transmit a copy of this Resolution to the Director of Property'Records and Taxation of Anoka County with instructions to recognize the expiration of the TIT District, it being the intent of the Authority that no collection of tax increment revenues from the TIF District will be distributed to the Authority after August 1, 2009. 2.03. Authority staff is directed to return any remaining tax increment in the accounts established for the TIF District to the Director of Property Records and Taxation of Anoka County for distribution to the taxing jurisdictions within the TIF District. Passed this 25'x' day of August 2009. Motion By: Diehm Second By: Szurek Roll Call: All ayes rJenty L. cterson ATTEST: Secretary Shelle Ianson