HomeMy WebLinkAboutEDA RES 2001-20COLUMBIA IIEIGHTS ECONOMIC DEIVELOPMENT AUTHORITY
CITY OF COLUMBIA HEIGHTS
ANOKA COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2001-20
RESOLUTION ADOPTING A MODIFICATION TO THE DOWNTOWN
CENTRAL BUSINESS DISTRICT (CBD) REVITALIZATION PLAN FOR THE
CBD REDEVELOPMENT PROJECT AND ADOPTING A MODIFICATION TO
THE TAX INCREMENT FINANCING PLAN FOR HOUSING
REDEVELOPMENT TAX INCREiMENT FINANCING DISTRICT NO. I
THEREIN.
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the Economic
Development Authority (the "EDA") and the City of Columbia Heights (the "City"') that the EDA adopt a
Modification to the Downtown Central Business District (CBD) Revitalization Plan for the CBD
Redevelopment Project and adopt a Modification to the Tax Increment Financing Plan (the
"Modifications") for Housing Redevelopment Tax Increment Financing District No. I therein (the
"District"), all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections
469.090 through 469.1081, and Sections 469.174 to 469.179, inclusive, as amended (the "Act"), all as
reflected in the Modifications and presented for the Board's consideration; and
WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the
Modifications to be prepared; and
WHEREAS, the EDA has performed all actions required by law to be performed prior to the
adoption of the Modifications. The EDA has also requested the City Planning Commission to provide for
review of and written comment on the Modifications and that the Council schedule a public hearing on
the Modifications upon published notice as required by law.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
E The EDA hereby reaffirms that the District as modified herein is in the public interest and
is a "redevelopment district" Linder Minnesota Statutes, Section 469.174, Subd. 10 (a)(]) and finds that the
Modifications conform in all respects to the requirements of the Act and will help fulfill a need to develop
an area of the Sate of Minnesota which is already built up and that the adoption of the propose
Modifications will help provide redevelopment to the housing stock and thereby serves a public proposed.
2. The EDA further finds that the Modifications will afford maximum opportunity,
consistent with the sound needs for the City as a whole, for the development or redevelopment of the
project area by private enterprise in that the intent is to provide only that public assistance necessary to
make the private developments financially feasible,
3. Conditioned upon the approval thereof by the City Council following its public hearing
thereon, the Modifications, as presented to the EDA on this date, are hereby approved, established and
adopted and shall be placed on file in the office of the Deputy Clerk.
4. Upon approval of the Modifications by the City Council, the staff, the EDA advisors and
legal counsel are authorized and directed to proceed with the implementation of the Modifications and for
this purpose to negotiate, draft, prepare and present to this Board for its consideration all further plans,
resolutions, documents and contracts necessary for this purpose. Approval of the Modifications does not
constitute approval of any project or a Development Agreement with any developer,
S. Upon approval of the Modifications by the City Council, the Deputy Clerk is authorized
and directed to forward a copy of the Modifications to the Minnesota Department of Revenue,
6, The Deputy Clerk is authorized and directed to for-ward a copy of the Modifications to
the Anoka County Auditor and request that the Auditor certify the original tax capacity of the District as
described in the Modifications, all in accordance with MinnCuota Statute, 469,17T
Approved by the Board of Commissioners of the Economic Development Authority this 17"' day
of December, 2001.
Robert Ruettimann, Presi&4--/
ATTEST:
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