HomeMy WebLinkAboutEDA RES 2017-24I I I - ITUIT-9,11,T407RIZING XrM PMATION #F CERTAIN FUNDS FOR ECONOMIC REDEVEL,OPMEPJ
PURPOSES
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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
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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