HomeMy WebLinkAboutEDA RES 2011-070
114214*9111111
AUTHORIZING THE LEVY OF
A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL
OF A BUDGET FOR FISCAL YEAR 2012
WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469.108,1 ("EDA
Act") the City of Columbia Heights ("City") created' the Columbia Heights Economic
Development Authority (the, "EDA"); and
WHEREAS, pursuant to City Resolution 2001-62 and Ordinance No. 1442, the City
Council granted to the EDA all powers and duties of a housing and redevelopment
authority under the provisions of Minnesota Statutes, Sections 469.001 to 469.047 (the
"HRA Act"), except certain powers that are allocated to the Housing and Redevelopment
Authority in and' for the City of Columbia Heights, (the "HRA"); and
WHEREAS, Section 469,033, Subdivision 6, of the HRA Act permits the EDA and
HRA, together, to levy and 'collect a special benefit levy of up to .0185 percent of taxable
market value in the, City upon all taxable real property within the City; and
WHEREAS, the EDA desires to levy a special benefit levy in the amount of .0185
percent of taxable market value in the City; and
WHEREAS, the EDA understands that the HRA does not expect to levy a special
benefit tax for fiscal year 2012; and
WHEREAS, the EDA has before it for its consideration a copy of a budget for its
operations for the fiscal year 2012 and the amount of the levy for collection in fiscal year
20112 shall be based on this budget.
NOW, THEREFORE, Be It Resolved by the Board of Commissioners of the
Columbia, Heights Economic Development Authoriity:
1. The budget of $340,154 for the operations of the EDA presented for
consideration by the Board of Commissioners of the EDA is hereby in all respects
approved. Such budget includes the amount the EDA requests (by separate resolution) to
be levied by the City under Minnesota Statutes, Section 469.1107, together with the amount
to be levied hereunder by the EDA under Minnesota Statutes, Section 469.033,
subdivision 16.
2. Staff of the EDA are hereby authorized and directed to file, the budget with
the City in accordance with Minnesota Statutes, Section 469,033, Subdivision 6,
3. There is hereby levied, subject to the approval of the City Council of the City,
a special benefit levy pursuant to Minnesota Statutes, Section 469.033, Subdivision 6, in
the amount equal to the lesser of a levy at a rate of .0185 percent of taxable market value
4. Staff of the EDA are hereby authorized and directed to seek the approval by
resolution of the City Council of the City of the levy of special benefit taxes in 2012 and to
take such other actions as are necessary to levy and certify such levy,
Motion by:
Second by:
Motion passed this 1st day of August 2011
F.'ram"M
Walter R. Fehst,'Executive Director - — wry L. Petefi&n, President
0)