HomeMy WebLinkAboutEDA RES 2017-19COI-XMI31A HEIGITI'S ECONOMIC DEVELOPMENT AUTHORITY
CITY OF COLUMBIA, 11FIGHTS
ANOKA COUNTY
STATE OF MINNESOTA
REsOEu,nON NO., 2017-19
RESOLUTION APPROVINGTnE ELIMINATION OF PARCELS FROM THE
K-NIART/CENTRAL AVENUE TAX INCREMENT FINANCING DISTRICT
(COUNTY IDENTIFIER T4) WtTHIN THE CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT IN THE CITY OF COLUMBIA HEIGHTS,
WHEREAS, on September 22, 2003, the City ofColumbia Heights (the "City") created its
hrrounty c. "b�apdenfirDistrict"win its Central Business District Redevelopment Project (the "Proje) proval of a tax increment
financing plan (the "TfF Plan) for the 'I District; and
WHEREAS, the Columbia Heights Economic Development Authority (the "EDA.") is the
administrative authority for the TIF District; and
WIJEREAS, the following properties, by property identification number, were included in the
TIF District:
25-30-24-32-0064
25-30-24-32-0065
25-30-24-32-0072
WHEREAS, the EDA desires by this resolution to amend the TIF Plan to remove the above-
described parcels front the TIF District, thereby reducing the size thereof- and
WHEREAS, the total current net tax capacity of the parcels to be eliminated from theTIF District
equals or exceeds the net tax capacity of those parcels in the TI F District's original net tax capacity and,
therefore this amendment to the TIF Plan is accomplished pursuant to Minnesota S atraes, Sectioll
469,175, S'ubdivision 4, clause (e)(2) (A).
NOW THEREFORE, BE IT RESOLVED that the TIF Plan for the TIF District is hereby
amended to remove the described parcels and the Executive Director is authorized and directed to notify
the County Auditor thereof pursuant to Minnesota Statutes, Section 469.175, Subdivision 4, clentse (q),
ADOPTED: July 10, 2017
Vice President
(Sea])
Secretary