HomeMy WebLinkAboutEDA RES 2013-12AUTHORIZING THE LEVY OF
A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.03i3, SUBDIVISION 6 AND APPROVAL
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OF A BUDGET FOR FISCAL YEAR 2014
WHEREAS, pursuant to Minnesota Statutes, Section 469.09O to 469.1081 ("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 469.1047 (the
"HRA Act"), except certain, p• at are allocated to the Housing and Redevelopment
Authority in and for the City of Columbia Heights (the "HRA"); and
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WHEREAS, the EDA desires to levy a special benefit levy in the amount of .01185
percent of taxable market value in the City-, and
WHEREAS, the EDA understands that the H'RA does not expect to levy a special
benefit tax for fiscalll year 20114; and
WHEREAS, the EDA has before it for its consideration a copy of a budget for its
operations for the fiscal year 201'4 and the amount of the levy for colllection in fiscal year
20114 shall' be based on this budget.
NOW, THEREFORE, Be, It Resolved by the Board of Commissioners of the
Columbia Heights Economic Development Authority:
1 . The budget of $272,332 for the operations of the EDA presented A
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onsideration by the Board of Commissioners of the EDA is, hereby in all respects
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to be levied hereunder by the EDA under Minnesota Statutes, Section 469.033,
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.
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 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 2014 and to
take such other actions as are necessary to levy and certify such levy.
Attest by-,
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Walter R. Fehsf, Executive Director
Gary L Peterkon, President