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HomeMy WebLinkAboutResolution No. 2012-051 RESOLUTION 2012-51 CITY OF COLUMBIA HEIGHTS,MINNESOTA A RESOLUTION REQUESTING ALL UNOBLIGATED FUNDS,FISCAL YEAR 2008-2012 FROM THE ANOKA COUNTY HRA LEVY AND APPORPRIATION FROM CITY FUND 420 FOR THE PURCHASE OF 3927 CENTRAL AVE WHEREAS,the City Council was invited by the Anoka County Housing and Redevelopment Authority(ACHRA) to participate in ACHRA economic development activities; and, WHEREAS,Council passed a resolution on September 10,2007 to participate in the Anoka County Housing and Redevelopment Authority(ACHRA)economic development activities; and, WHEREAS,the ACHRA would levy a tax in Columbia Heights each year of participation, for a minimum of five years; and, WHEREAS,that the City,by participation in the ACHRA economic development activities, can request funds to support the City's redevelopment and housing maintenance and improvement goals; and, WHEREAS,the Make Heights Your Home unobligated balance of$144,444 will be relinquished for this transaction and the program will be terminated; and WHEREAS,Anoka County Community Development staff indicated that redevelopment would be a qualified expenditure; and, WHEREAS, on May 7, 2012 the City's Economic Development Authority Approved a Purchase Agreement for the acquisition of 3927 Central Avenue with the purpose of substantial redevelopment; and WHEREAS,the funds needed to complete this acquisition were identified as the unobligated Anoka County HRA Levy and the City's Capital Improvement Development Fund -420. NOW THEREFORE BE IT FURTHER RESOLVED THAT 1. The City of Columbia Heights requests the remaining balance ($144,444) of Make Heights Your Home funds be transferred for the purchase of 3927 Central Avenue. 2. The City of Columbia Heights requests all of the unobligated funds, fiscal year 2008-2012, from the Anoka County HRA Levy be obligated for the purchase of 3927 Central Avenue. 3. The City of Columbia Heights appropriates funds from 420—Capital Improvement Development Fund for the purchase of 3927 Central Avenue per EDA Resolution 2012-08. Passed this 14th day of May. Offered by: Williams Seconded by: Schmitt Roll Call: Ayes: Peterson, Williams,Diehm, Schmitt Nay: awrock' ! - Mayor Gary L. Peterson A .-st: Patricia Muscovitz !MC City Clerk/Council S -tart'