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HomeMy WebLinkAboutEDA RES 2010-15 (2)WO 0101111", SECTION 469.033, SUBDIVISION w AND APPROVAL O A BUDGET ." FISCAL YEAR WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469.1081 ("EDA Act") the City of Columbia Heights ("City"') created the Columbia Heights Economic: Development Authority y and authority WHEREAS, pursuant to City Resolution 2001-62 and Ordinance No. 1442, the City Council granted to the EDA all powers and d'uties of a housing and redevelopment w_ the provisions of w w Statutes, Sections 4691-1001 4691,047 ^ "HRA Act"'), except certain powers that are allocated to the Housing and Redevelopment Authority in an•' for the City of • • w A' i and WHEREAS, Section 4619,033, Subdivision 6, of the H'RA Act permits the EDA and HRA, together, to levy and collect a special benefit levy of up to .0185 percent of taxable .,-narket value in the City upon all taxable real property within the City; and WHEREAS, _ EDA desires to levy a special beriefit levy in the amount of .0 1,85 percent of taxable market value in the City-, and WHEREAS, the ED,A understands that the, HRA does, not expect to levy a special benefit tax for w year 2011, and WHEREAS, A before w, its consideration a i• of budget N operations f• fiscal year • and amount of the levy for w w 2011 be based on this budget. Be NOW, THEREFORE, It Resolved by the Board of M i ., of _ Columbia Heights Economic Development Authority 1. The budget of $326,166 for the operations of the EDA presented for r r^ w r s w MEN IN w 11 IN III! MORE I III • I I _ �y be levied by the City under Minnesota Statutes, Section 469,107, together with the amount to be levied hereunder by the ED,A under Minnesota Statutes, Section 469.633, !111 1111, Jill 11 w #r Jill lr11111 OR � INTO I R My I III I � IIIIIIIIIIIN I III I � 11 i I I I � ;� a special benefit levy pursuant to Mlininesiota 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 11111 IWIP 1111111111!P11 1 11)5111 liplil I take such other actions as are necessary to levy and certify such levy, Motion by: Second by: Roll Call: Ayes: Nay: ESIMISEEMIMI Attest by: N Director nary L. 4Zrsonr P�e -�ent Walter R. Feh9t, Execufive N