HomeMy WebLinkAboutEDA RES 2013-11COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
ANOKA COUNTY, MINNESOTA
RESOLUTION NO'. 2013-11.
RESOLUTION APPROVING THE ELIMINATION OF A PARCEL
FROM THE CITY-WIDE SCATTERED SITE HOUSING TAX
INCREMENT FINANCING DISTRICT WITHIN THE CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT OF THE CITY OF
COLUMBIA HEIGHTS.
WHEREAS, on October 10, 2011, the City of Columbia Heights (the "City") approved creation
by the Columbia Heights Economic Development Authority ("EDA") of the City-Wide Scattered Site
Housing Tax Increment Financing District (the "TIF District") within its Central Business District
Redevelopment Project (the "Project"), by approval of a tax increment financing plan (the "TIT Plarn) for
the TIF District; and
WHEREAS, under Minnesota Statutes, Section 469.176, subd. 4(e), an authority may modify the
TIF Plan without the hearings and findings required for creation of a new district, if the only modification
is to eliminate a parcel from the district, and the current net tax capacity of the parcel at least equals the
original net tax capacity of the parcel; and
WHEREAS, the following property, by property identification number, was included in the 'TIF
District: 26-30-24-43-0074
referred to as the ``Subject Parcel,` and
WHEREAS, the current net tax capacity of the Subject Parcel is $0 (because it is owned by the
EDA), and the original net tax capacity of the Subject Parcel is likewise $0 (because it was owned by the
EDA at the time the TIT District was filed for certification); and
WHEREAS, the City desires by this resolution to amend the TIF Plan to remove the Subject
Parcel frorn the T11', District, thereby reducing the size thereof, and
NOW THEREFORE, BE IT RESOLVED by the board of cornmissioners of the EDA as follows:
The TIF Plan for the TIF District is hereby amended to remove the Subject Parcel,
2. EDA staff are authorized and directed to maintain a copy of this resolution with the
records for the TIF District, and to send copies of this resolution to the Anoka County Auditor in
accordance with Minnesota Statutes, Section 469.175, Subdivision 4, clause (c), and to the
Minnesota Commissioner of Revenue and the State Auditor in accordance with Minnesota
Statutes, Section 469, 175, 4a.
Passed this day of August 2 3
.4. A
Gary Peterson, President
ATTEST:
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Shelley Hanson, Secretary