HomeMy WebLinkAboutEDA Resolution No. 2021-09COLT]MBIA IIEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2O2I-09
RESOLUTION ADOPTING A MODIFICATION TO TIIE
DOWNTOWN CBD REVITALIZATION PLAN FOR .THE
DOWNTOWI\ CENTRAL BUSINESS REDEVELOPMENT
PROJECT, ESTABLISHING TI{E ALATUS TIF DISTRICT
THEREIN, AND ADOPTING A TAX INCREMENT FINATICING
PLAN TIIEREFOR
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Columbia Heights Economic
Development Authority (the "Authority") as follows:
Section 1. Recitals.
1.01. The City of Columbia Heights, Minnesota (the "City") and the Authority have previously
approved a Downtown CBD Revitalization Plan (the "Revitalization Plan") for the Downtown Central
Business Redevelopment Project (the "Redevelopment Project") within the City, pursuant to Minnesota
Statutes, Sections 469.001 through 469.047, as amended, and Minnesota Statutes, Sections469.090
through 469.1081, as amended.
1.02. The City and the Authority have determined to modify the Revitalization Plan for the
Redevelopment Project and approve a tax increment financing plan (the "TIF Plan") for the Alatus TIF
District (the "TIF District"), a redevelopment district, pursuant to Minnesota Statutes, Sections 469.174
through 469.1794, as amended (the "TIF Act"), all as described in a plan document presented to the
Board on the date hereof.
1.03. Pursuant to Section 469.175, subdivision 2a of the TIF Act, notice of the proposed TIF
District was presented to the commissioner of Anoka County, Minnesota (the "County") representing the
area to be included in the TIF District at least thirty (30) days before the publication of the notice of
public hearing.
1.04. Pursuant to Section 469.175, subdivision 2 of the TIF Act, the proposed TIF Plan and the
estimates of the fiscal and economic implications of the TIF Plan were presented to the Board of
Education of the Columbia Heights Public Schools and to the Board of Commissioners of the County at
least thirty (30) days before the date of the public hearing.
1.05. On June 14, 202l,the City Council of the City will conduct a duly noticed public hearing
on the adoption of the modified Revitalization Plan and the TIF Plan.
Section 2. Approvals: Further Actions.
2.01. The modified Revitalization Plan is hereby approved in substantially the form now on file
with the Board, subject to approval thereof by the City Council.
2.02. The creation of the TIF District and the TIF Plan therefor are hereby approved, subject to
approval thereof by the City Council.
CL205-78-723373.v1
2.03. The Board hereby transmits the modified Revitalization Plan and the TIF Plan to the City
Council and recommends that the City Council approve the modified Revitalization Plan, the creation of
the TIF District, and the TIF Plan.
2.04. Upon approval of the TIF Plan by the City Council, Authority staff are hereby authorized
and directed to file a request for certification of the TIF District with the Manager of Property Records
and Taxation, as County Auditor, of the County (the "Coungr Auditor") and to file a copy of the TIF Plan
with the Minnesota Commissioner of Revenue and the Office of the State Auditor as required by the TIF
Act.
2.05. Upon approval of the TIF Plan by the City Council, the County Auditor is requested to
certitz the original net tax capacity of the TIF District, as described in the TIF Plan, and to certifu in each
year thereafter the amount by which the original net tax capacity has increased or decreased. Authority
staff are hereby authorized and directed to forthwith transmit this request to the County Auditor in such
form and content as the County Auditor may speci$, together with a list of all properties within the TIF
District for which building permits have been issued during the eighteen (18) months immediately
preceding the adoption of this resolution.
2.06. Authority stafl consultants, and legal counsel are authorized to take all actions necessary to
implement the modified Revitalization Plan and the TIF Plan and to negotiate, draft, prepare and present
to the Board for its consideration all further plans, resolutions, documents, and contracts necessary for this
purpose. Approval of the modified Revitalization Plan and the TIF Plan does not constitute approval of
any project or a development agreement with any developer.
Approved this 7s day of June , 2021, by the Board of Commissioners of the Columbia Heights Economic
Development Authority
lnn 0
Pr"rrd"il-Jln^ a ,[^n I-v- v--
ATTEST:
Secretary
2
C1205-78-723373.v1