HomeMy WebLinkAboutEDA RES 2017-28WHEREAS, the City of Col'umbia Heights (the "City") established the EDA by ain enabling resolution adopted on
January 8, 19916, pursuant to Minnesota, Stat�utes 469.090 to 469.1081 (the "EDA Act"); and
WHEREAS, the City Council granted the EDA all powers and duties of a housing and redevelopment authority
by an enabling resolution and ordinance aclopteclon October 22, 2001, pursuant to Minnesota Statutes,
469.001 to 469.0147 (the "HRA Act"), except certain powers that are allocated to the Housing and
Redevelopment Authority in and for the City of Columbia Heights, (the "HRA"); and
WHEREAS, under Section 469.033 of the HRA Act, the EDA and HRA, are authorized to levy a special benefit
tax, in an amount not to exceed .0185 percent of the City's estimated market value (the "HRA Levy"); and
WHEREAS, the EDA desires to maintain its HIRA Levy at the amount of .0185 percent of the City's, estimated
market value as authorized by the IHRA Act; and
WHEREAS, the EDA understands that the HRA does not expect to levy a, special benefit tax for the fiscal year of
2018; and
WHEREAS, the EDA has, before it for consideration a copy of its budget for the fiscal year of 2018, and the
amount of the HRA Levy, payable in 2018 shall be based on said budget.
NOW, THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic
Development Authority, that the EDA hereby adopts and requests the City Council approve its budget in the
amount of $448,242 for 2018, and such budget includes the amount the EDA requests to be levied by the City
under Section 469.107 of the EDA Act, and the EDA under Section 4691,033, of the HRA Act; and
BE IT FURTHER RESOLVED, that the EDA hereby directs staff to file its budget with the City in accordance to
Section 469,033 of the HRA Act, and take such actions necessary to levy and certify the HRA Levy in the
amount of $224,592 for taxes payable in 2018.
AI
1.110
Passed this 5th day of September ,20117
Offered by: Bue:sgens
Seconded by: Novits,ky
Roll Call: All ayes
Preside
, Attest:
Secreta
Resolution 2017-28