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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