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HomeMy WebLinkAboutEDA RES 2017-24I I I - ITUIT-9,11,T407RIZING XrM PMATION #F CERTAIN FUNDS FOR ECONOMIC REDEVEL,OPMEPJ PURPOSES 11 111 1111111111111111 1111 , Oil 1111111 !11 11111 111 11111 1 5 1:1 i � I WHEREAS, the Housi�ng and Redevelopment Authority in anid for the City of Columbia Heights (the "HRA")i on this date has considered Resolution No. 20117-03, a resolution authorizing an interfund' transfer of the entire P,arkview Villa Soluth Fund 213 (thie "PVV Fund") balance, in, the amount of $1,025,445 to the EDA Redevelopment Project Fund 408 (the "Redevelopment Project Fund"); and WHEREAS, the EDA is authorized to accept an interfund transfer and appropriate such transferred funds to a project budget by resolution, provided that the resolution states the purpose of the expenditure and WHEREAS, the EDA has determined that the transferred funds into the Redevelopment Project Fund should be appropriated for economic redevelopment expenditures in connection to the Commercial Revitalization Project. NOW', THEREFORE BE IT RESOLVED, that the Columbia Heights Economic Development Authority is hereby authorized to accept and appropriate $1,025,445 of the PVV Fund transfer from the HRA into the, Redevelopment Project Fund for economic redevelopment purposes, subject to approval of HRA Resolution No. 2017-03; and BE 1'T' FURTHER RESOLVED, this resolution shall be effective immediately upon, its enactment by the Columbia Heights Economic Development Authority. [4210] Passed this 7thdayof August 2017 Offered by: Herringer Seconded by: Buesgens Roll Call : All ayes Attest, Secretary Resolution 2017-24 1, President\ RESOLUTION 1 0.2011 -24 "Mr, M11MIMIMM�VVM PURPOSES RMIZIMMKIMMM A 111 111, 1 1 WHEREAS, the Housing and Redevelopment Authority in and for the City of Columbia Heights (the "HRA") on t�hils date has considered Resolution No. 2017�03, a resolution aluthorizing an, int�erfunid transfer of the entire Parkview Villa South Fund 213 (the "'PVV Fund") balance in, the aimolunt of $1,025,445 to the EDA Redevelopment Project Fund 408 (the Redevelopment Project Fuind"); and WHEREAS, the ED�A is authorized' to accept an interfund tranisfer and appropriate such transferred funds to a project budget by resolution, provided that the resolution states the purpose of the expenditure and corresponding amount to be appIroprialted; and WHEREAS, the EDA has determined that the transferred funds into the Redevelopment Project Fund should be appropriated for economic redevelopment expenditures in connection, to the Commercial Revitalization Project. NOW, THEREFORE BE IT RESOLVED, that the Columbia Heights Economic Development Authority is hereby authorized to accept and appropriate $1,025,445 of the IPVV Fund transfer from the HRA into the Redevelopment Project Fund for economic redevelopment purposes, subject to a,pproval of HRA Resolution No. 2017-03; and BE' IT FURTHER RESOLVED,, this resolution shall be effective immediately upon its enactment by the Columbia, Heights Economic Development Authority. Attest: Secretary Resolution 2017-24