HomeMy WebLinkAboutEDA RES 2014-09I
AUTHORIZING THE LEVY OF
Gres
SECTION 469.033, SUBDIVISION 6 AND APPROVAL
OF A BUDGET FOR FISCAL YEAR 2015
WHEREAS, pursuant to Minnesota Staitutesi, Section 469,,0901 to 469.1081 ("EDA Act") the
City of Columlbia Heights ("City") created the Columbia Heights Economic Development Authority
and
=TVHEREAS, pursuant to City Resolution 20011-62 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 thie Housing and Redevelopment Authority in and for the City of
Columbial Heights (the "FIRA"); and
I
WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the EDA and HR
together, to levy and Collect a special benefit levy of u mto: I
0 to .01: �LeXLW�
Eff riffil MCFA I., III,
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 2015; and
WHEREAS, the EDA has, before it for its consideration a copy of a budget for its operatio
for the fiscal year 2015 and the amount of the levy for collection in fiscal year 2015 shall be ba
on this budget, sl
NOW, THEREFORE, Be It Resolved by the Board of Commissioners of the Columbia Heights
Economic Development Authority:
e budget of $230,775 for, the **P y _-Ox
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 469,107, together with the amount to be levied hereunder by the
3701 Mg.
2. Staff of the EDA are hereby authorized and directed to file the budget with the City
in accordance with Minnesota Statutes, Section 469.0133, Subdivision 6.
I 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
of $176,578, which is .0185 percent of the market value in the City.
4. Staff of the ED'A are hereby aluthorilzed and directed to seek the approval by
resolution of the City Council of the City of the levy of special benefit taxes in 2015 and to take
such other actions as are necessary to levy and certify such levy.
Motion by: W i I I i am s
Second by- S c h m i t t
A 1, 1 ayes
Motion passed this 4th day of August 2014
Attest by:
. .........
71
Walter R. Fehsti,ixecutive Director
Gary L. Peterson, President