HomeMy WebLinkAboutEDA RES 2020-13RESOLUTION NO. 2020 -13
A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET
FOR THE FISCAL YEAR OF 2021 AND AUTHORIZING A SPECIAL BENEFIT 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 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 has before it for consideration a copy of its budget for the fiscal year of 2021, and the
amount of the HRA Levy, payable in 2021, is 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 $504,625 for 2021, and such budget includes both the amount the EDA requests to be levied by the
City under Section 469.107 of the EDA Act, and the amount levied by 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 $250,000 for taxes payable in 2021.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 8th day of September, 2020
Offered by:
Seconded by:
Roll Call:
President
Attest:
Secretary
Resolution 2020 -13