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HomeMy WebLinkAbout2017-76CITY OF COLUMBIA HEIGHTS RESOLUTION NO. 2017-76 RESOLUTION AUTHORIZING CHANGE IN FUND BALANCE DESIGNATION FOR PARKVIEW VILLA FUNDS WHEREAS, the City Council (the "Council ") of the City of Columbia Heights ( "City ") previously adopted its Resolution No. 2010 -138, which designated certain fund balance classifications and committed certain governmental funds not otherwise subject to external or internal restrictions to specified purposes; and WHEREAS, among the committed funds was the Parkview Villa South Fund 213 (the "PVV Fund "), which was committed by said resolution to senior housing; and WHEREAS, the Housing and Redevelopment Authority in and for Columbia Heights has conveyed the Parkview Villa senior housing facility to a private operator and has ceased all housing operations, and therefore the City finds and determines that it is no longer necessary and desirable to commit the balance of the PVV Fund to senior housing purposes; and WHEREAS, the City is authorized to commit funds to a new purpose by resolution, and has determined that the PVV Fund should be committed to economic redevelopment purposes carried out by the Columbia Heights Economic Development Authority. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights that: 1. The Council hereby amends Resolution No. 2010 -138 to commit all unrestricted fund balance in Parkview Villa South Fund 213 to Redevelopment, effective upon the date of approval of this resolution. 2. The City Manager and Finance Director /Treasurer of the City are authorized to take all actions necessary to effect the commitment of the PVV Fund balance to Redevelopment, pursuant to this resolution. Approved by the City Council of the City of Columbia Heights this 10th day of July, 2017. Offered by: Buesgens Seconded by: Williams Roll Call: All Ayes ry � �, 4 - - Mayor ATTEST: X�1� City Clerk