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HomeMy WebLinkAboutEDA RES 2017-27NMI I WHEREAS, the City of Columbia Heights (the "City") established the EDA by an enabling resolution adopted January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the, "EDA Act"), and I WHEREAS, the City Council of the City has given to the EDA the responsibility for all development and redevelopment projects and programs; and WHEREAS, undler Section 460.107 of the EDA Act, the City is authorized to levy a tax for the benefit of the EDA on its area of operation for the purposes authorized under the EDIA Act, subject to the approval of the City Council. NOW, THEREFORE IRE IT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic Development Authority, that the EDA adopts and requests the City Council's approval of its budget in the amount of $448,242 for 2018; and BE IT FURTHER RESOLVED, that the EDA adopts and requests the City Council's approval of its tax levy in the amount of $220,100 for taxes payable in 2018; and BE IT FURTHER RESOLVED, that the Executive Director is instructed to transmit a copy of this resolution to the City Manager, Finance Director, and City Clerk of the City of Columbia Heights, Minnesota. ......... . . .... . . .... ...... . ........... - ------ Passed this St day of se2tember —12017 Offered by: Buesgens Seconded by: Williams Roll Call: All ayes A President Attest: \ Resolution 2017-27