HomeMy WebLinkAboutEDA Resolution No. 2022-05COLT]MBIA IIEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO.2022-05
RESOLI.]TION APPROVING THE REMOVAL OT A PARCEL
FROM TAX INCREMENT FINANCING DISTRICT NO. 9 WTIIIINTHE DOWNTOWI\ CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT
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 Council of the City of Columbia Heights, Minnesota (the "City") and the Board
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 469J74 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.
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 l, clause (e) of the TIF Act. Therefore, this amendment to the TIF Plan is
accomplished pursuant to Section 469 .17 5, subdivision 4, clause (e)(2XA) 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. Authority staff and consultants are authorized and directed 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 .17 5 , subdivision 4, clause (e) of the TIF Ac! 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.
2.03. This resolution shall be in full force and effect upon the approval by the City Council of the
City of the removal of the Parcel from the TIF District.
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Approved this 7th day of March, 2022, by the Board of Commissioners of the Columbia Heights
Economic Development Authority.
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EXIIIBIT A
LBGAL DESCRIPTION OF PARCEL
Lot 1, Block 1, Northwestern 2nd Addition, County of Anoka, State of Minnesota
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