HomeMy WebLinkAboutEDA RES 2020-12RESOLUTION NO. 2020 -12
A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET
FOR THE FISCAL YEAR OF 2021 AND SETTING THE 2020 TAX LEVY, PAYABLE IN 2021.
BE IT RESOLVED, by the Columbia Heights Economic Development Authority (the "EDA ") as follows:
WHEREAS, the City of Columbia Heights (the "City ") established the EDA by an enabling resolution adopted on
January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the "EDA Act "); and
WHEREAS, the City Council of the City has given to the EDA the responsibility for all development and
redevelopment projects and programs; and
WHEREAS, under Section 469.107 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 EDA Act, subject to the approval of the City
Council.
NOW, THEREFORE BE 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 $504,625 for 2021; and
BE IT FURTHER RESOLVED, that the EDA adopts and requests the City Council's approval of its tax levy in the
amount of $254,625 for taxes payable in 2021; 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.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 8th day of September, 2020
Offered by:
Seconded by:
Roll Call:
Presiders
Attest: Qk�� t-t�
Secretary
Resolution 2020 -12