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
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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,
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OR � INTO I R My I III I �
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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
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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
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