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HomeMy WebLinkAbout2022-033CITY OF COLUMBIA HEIGHTS, MINNESOTA RESOLUTION NO.2022-33 RESOLUTION APPROVING THE REMOVAL OF A PARCEL FROM TAX INCREMENT FINANCING DISTRICT NO.9 WITHIN THE DOWNTOWN CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT BE IT RESOLVED by the City Council (the "City Council") of the City of Columbia Heights, Minnesota (the "City") as follows: Section 1. Recitals. 1.01. The City Council and the Board of Commissioners of the Columbia Heights Economic Development Authority (the "Authority") previously approved a tax increment financing plan (the "TIF Plan") for Tax Increment Financing District No. 9 (the "TIF District"), a redevelopment district within the Downtown Central Business District Redevelopment Project in the City, pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the "TIF Act"). 1.02. The parcel identified by property identification number 35-30-24-14-0151 and legally described in EXHIBIT A attached hereto (the "Parcel") was included in the TIF District. 1.03. The City and the Authority propose to amend the TIF Plan to remove the Parcel from the TIF District, thereby reducing the size thereof. On March 7, 2022, the Board of Commissioners of the Authority adopted a resolution approving the removal of the Parcel from the TIF District, contingent upon the City Council's approval thereof. 1.04. The current net tax capacity of the Parcel to be eliminated from the TIF District equals or exceeds the net tax capacity of the Parcel in the TIF District's original tax capacity, as determined under Section 469.177, subdivision 1 clause (e) of the TIF Act, Therefore, this amendment to the TIF Plan is accomplished pursuant to Section 469.175, subdivision 4, clause (e)(2)(A) of the TIF Act, by action of the City without the need for public hearing and other notice and processing which would otherwise apply to substantial amendments to tax increment financing districts. Section 2. Approvals; Further Actions. 2.01. The TIF Plan for the TIF District is hereby amended to remove the Parcel. 2.02. The City authorizes and directs the Authority to notify the Manager of Property Records and Taxation, as County Auditor, of Anoka County, Minnesota of the removal of the Parcel pursuant to Section 469.175, subdivision 4, clause (e) of the TIF Act, and to file the amendment to the TIF Plan with the Commissioner of Revenue and the State Auditor pursuant to Section 469.175, subdivision 4a of the TIF Act. CL205-11-781107.v1 Approved this 10 day of March, 2022, by the City Council of the City of Columbia Heights, Minnesota. Offered by: Jacobs Seconded by: s ky Ayes ye Roll Call: All Ayes May& � U ATTEST: City Clerk CL205-11-781107.v1 EXHIBIT A LEGAL DESCRIPTION OF PARCEL Lot 1, Block 1, Northwestern 2nd Addition, County of Anoka, State of Minnesota A-1 CL205-11-781107.v1