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:
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City Clerk