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HomeMy WebLinkAboutEDA RES 2018-14BE IT RESOLVED. �,v t�e Coluill A j,"weivromans invas 0 IIEKU TT- le KA WHEREAS, the City Council granted the EDA all powers and duties of a housing and redevelopment authority by an enabling resolution and ordinance adopted on October 22, 2001, pursuant to Minnesota Statutes 469.001 to 469.047 (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 HRA Levy at the amount of .0185 percent of the City's estimated market value as authorized by the HRA Act, and WHEREAS, the EDA understands that the HRA does not expect to levy a special benefit tax for the fiscal year of 2019; and WHEREAS, the EDA has before it for consideration a copy of its budget for the fiscal year of 2019, and the amount of the HRA Levy, payable in 2019 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 $494,600 for 2019, 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 469.033, 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 $247,000 for taxes payable in 2019. Passed this 4th day of September, 2018 Offered by: Buesgens Seconded by: Schmitt Roll Call: All ayes LLI President Attest, Secretary Resolution 2018-14