HomeMy WebLinkAboutEDA RES 2015-15COLUMBIA !��IJ%V,61wyvk VA-k 1iffi AUTHORIZING THE LEVY OF A SPECIAL BENEFIT LEVY PURSUANT TO MI.fi SECTION 469.0133:, SUBDIVISION 6 AND APPROVAL OF A BUDGET FOR FISCAL YEAR 2016 WHEREAS, pursuant to Minnesota Statutes, Section 469.090 to 469-1081 ("EDA Act") the City of Columbia Heights (ty") created the Columib�ia Heights Economic Development Authority (the "EDA"T and TTHEREAS, Section 469033, Subdivision 6, of the HRA Act permits, the EDA and HRA, together, to levy and collect a special benefit levy of up to .0185 percent of taxable market value in the City upon all taxable real property within the City; and 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 2016; and NOW, THEREFORE, Be It Resolved' by the Board Of Commissioners of the Columbia Heights Economic Development Authority: The budget of $301,193 for the Operations of the, EDA presented for r- s, 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 11 Minnesota Statutes, Section 469.107, together with the amount to be levied hereunder by til III I F IF III I 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. 3. 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 $202,364, which is .01,85 percent of the market value in the City, 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 20116 and to take such other actions as are necessary to levy and certify such levy. Motion by: Second by: Motion passed this 3'd day of August 2015. Attest by: Walter R .-Fehs�,' Executive Director Gary L. Peterson, President