HomeMy WebLinkAbout03-07-2022 EDA Packet
ECONOMIC DEVELOPMENT AUTHORITY
Public Safety Building—Training Room, 825 41st Ave
NE
Monday, March 07, 2022
6:00 PM
AGENDA
ATTENDANCE INFORMATION FOR THE PUBLIC
Members of the public who wish to attend may do so in-person, by calling 1-312-626-6799 and
entering meeting ID 840 7921 5021 or by Zoom at https://us02web.zoom.us/j/84079215021. For
questions please call the Community Development Department at 763-706-3670.
CALL TO ORDER/ROLL CALL
PLEDGE OF ALLEGIANCE
CONSENT AGENDA
1. APPROVE REGULAR MEETING MINUTES FROM JANUARY 3, 2022
2. APPROVE FINANCIAL REPORTS AND PAYMENT OF BILLS OF DECEMBER 2021 AND
JANUARY 2022
MOTION: Move to approve the Consent Agenda as presented.
BUSINESS ITEMS
3. ESTABLISHMENT OF THE 42ND AND JACKSON TAX INCREMENT FINANCING DISTRICT
MOTION: Move to waive the reading of Resolution 2022-05, there being ample copies
available to the public.
MOTION: Move to adopt Resolution 2022-05, a resolution approving the removal of a
parcel from tax increment financing district NO.9 within the downtown central business
district redevelopment project.
MOTION: Move to waive the reading of Resolution 2022-06, there being ample copies
available to the public.
MOTION: Move to adopt Resolution 2022-06, a resolution adopting a modification to the
downtown central business district revitalization plan for the downtown central business
redevelopment project, establishing the 42nd and Jackson tax increment financing district
therein, and adopting a tax increment financing plan therefor.
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City of Columbia Heights AGENDA March 07, 2022
Economic Development Authority Page 2
MOTION: Move to waive the reading of Resolution 2022-07, there being ample copies
available to the public.
MOTION: Move to adopt Resolution 2022-07, a resolution authorizing an interfund loan for
the advance of certain costs in connection with the 42nd and Jackson tax increment
financing district.
PUBLIC HEARINGS
OTHER BUSINESS
ADJOURNMENT
Auxiliary aids or other accommodations for individuals with disabilities are available upon request when the request is
made at least 72 hours in advance. Please contact Administration at 763-706-3610 to make arrangements.
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ECONOMIC DEVELOPMENT AUTHORITY
Public Safety Building—Training Room, 825 41st Ave
NE
Monday, January 03, 2022
6:00 PM
MINUTES
CALL TO ORDER/ROLL CALL
The meeting was called to order at 6:00 pm by Chair Szurek.
Members present: Connie Buesgens (via Zoom); Gerry Herringer; Kt Jacobs; John Murzyn, Jr; Nick
Novitsky; Amada Márquez-Simula; Marlaine Szurek .
Staff Present: Kelli Bourgeois, City Manager; Aaron Chirpich, Community Development Director; Sara
Ion, City Clerk; Ben Sandell, Communications Coordinator.
PLEDGE OF ALLEGIANCE
CONSENT AGENDA
1. Approve Regular Meeting Minutes of November 1, 2021.
2. Approve Financial Reports and Payment of Bills of October and November 2021.
Treasurer Herringer noted that he liked the old format of the financial reports better.
Motion by Jacobs, seconded by Murzyn, to approve the Consent Agenda as presented. All
Ayes. Motion Passed.
RESOLUTION NO. 2022-01
A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA,
APPROVING THE FINANCIAL STATEMENTS FOR THE MONTHS OF OCTOBER AND NOVEMBER 2021,
AND THE PAYMENT OF THE BILLS FOR THE MONTHS OF OCTOBER AND NOVEMBER 2021 .
WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) is required by
Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all
receipts and disbursements, their nature, the money on hand, the purposes to which the money on
hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or
bills and if correct, to approve them by resolution and enter the resolution in its records; and
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 2
WHEREAS, the financial statements for the months of October, and November 2021 have been
reviewed by the EDA Commission; and
WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both
form and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9,
including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets,
Audits and similar documentation; and
WHEREAS, financials statements are held by the City’s Finance Department in a method outlined by
the State of Minnesota’s Records Retention Schedule,
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic
Development Authority that it has examined the referenced financial statements including the check
history, and they are found to be correct, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check
history as presented in writing is approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia
Heights Economic Development Authority.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 3rd day of January, 2022
Offered by:
Seconded by:
Roll Call:
President
Attest:
Assistant Secretary
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 3
BUSINESS ITEMS
3. Election of Economic Development Authority Officers.
Chirpich requested nominations for Officers. Each year the EDA is required to elect its
Officers at the first meeting of the year. He asked to take nominations for President first,
and noted that per EDA Bylaws the City Manager serves as the Executive Director,
Community Development Director Serves as Deputy Director, t he Finance Director serves
as the Assistant Treasurer and Administrative Assistant to Community Development will
serve as the Secretary.
Jacobs nominated Szurek for President of the Economic Development Authority. The re were
no other nominations. Ayes- All ayes.
Novitsky nominated Buesgens for Vice President of the Economic Development Authority.
There were no other nominations. Ayes- All ayes.
Novitsky nominated Herringer for Treasurer of the Economic Development Authority. There
were no other nominations. Ayes- All ayes.
4. Designate Official Depositories of the Economic Development Authority.
Chirpich reviewed the depositories used for the EDA’s funds and investments. General
banking transactions are completed via Northeast Bank and there is an additional accounts
held at Wells Fargo for additional specialized services. As per EDA standards, these
accounts are held under the name of the City and the recommendation is designate these
accounts as the official depositories as they meet the needs of the EDA.
Motion by Márquez-Simula , seconded by Murzyn to waive the reading of Resolution 2022-
02, there being ample copies available to the public. All Ayes. MOTION PASSED.
Motion by Jacobs, seconded by Novitsky to adopt Resolution 2022-02, a resolution
designating official depositories, for the Columbia Heights Economic Development
Authority. All Ayes. MOTION PASSED.
RESOLUTION NO. 2022-02
A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY DESIGNATING
OFFICIAL DEPOSITORIES
Now, therefore, in accordance with the bylaws and regulations of the Columbia Heights Economic
Development Authority (the Authority), the Board of Commissioners of the Authority makes the
following:
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 4
ORDER OF BOARD
IT IS HEREBY RESOLVED, that Northeast Bank and Wells Fargo Bank of Minnesota, N.A., are hereby
designated as depositories for the Authority’s funds.
IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at these depositories
under the name and federal identification number of the City of Columbia Heights, Minnesota (the
City), together with the funds of the City, provided that separate fund accounting records are
maintained for the respective Authority and City shares of such accounts in a manner consistent with
generally accepted accounting and auditing standards.
IT IS FURTHER RESOLVED, that the responsibility for countersigning orders and checks drawn against
funds of the Authority, assigned in the Authority’s bylaws to the Authority President, is hereby
delegated to the City Mayor.
IT IS FURTHER RESOLVED, that checks, drafts, or other withdrawal orders issued against the funds of
the Authority on deposit with these depositories under the City’s name shall be signed by the
following:
City Mayor
City Manager
City Finance Director
and that said banks are hereby fully authorized to pay and charge said accounts for any such checks,
drafts, or other withdrawal orders issued by the City on behalf of the Authority.
IT IS FURTHER RESOLVED, that Northeast Bank and Wells Fargo Bank of Minnesota, N.A., are hereby
requested, authorized and directed to honor checks, drafts or other orders for the payment of money
drawn in the City’s name on behalf of the Authority, including those drawn to the individual order of
any person or persons whose name or names appear thereon as signer or signers thereof, when
bearing or purporting to bear the facsimile signatures of the following:
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 5
City Mayor
City Manager
City Finance Director
and that Northeast Bank and Wells Fargo Bank of Minnesota, N.A., shall be entitled to honor and to
charge the Authority, or the City on behalf of the Authority, for all such checks, drafts or other orders,
regardless of by whom or by what means the facsimile signature or signatures thereo n may have been
affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly
certified to or filed with the Banks by the City Finance Director or other officer of the Authority or City.
IT IS FURTHER RESOLVED, that the City Finance Director or their designee shall be authorized to make
electronic funds transfers in lieu of issuing paper checks, subject to the controls required by Minnesota
Statutes and by the City of Columbia Heights’ financial policies.
IT IS FURTHER RESOLVED, that all transactions, if any, relating to deposits, withdrawals, re-discounts
and borrowings by or on behalf of the Authority with said depositories, made directly by the Authority
or by the City on the behalf of the Authority, prior to the adoption of this resolution be, and the same
hereby are, in all things ratified, approved and confirmed.
IT IS FURTHER RESOLVED, that any bank designated above as a depository, may be used as a
depository for investment purposes, so long as the investments co mply with authorized investments as
set forth in Minnesota Statutes.
IT IS FURTHER RESOLVED, that any brokerage firm with offices in the State of Minnesota may be used
as a depository for investment purposes so long as the investments comply with the auth orized
investments as set forth in Minnesota Statutes.
IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at such brokerage
firms under the name and federal identification number of the City, together with the funds of the Ci ty,
provided that separate fund accounting records are maintained for the respective Authority and City
shares of such accounts in a manner consistent with generally accepted accounting and auditing
standards.
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 6
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Board of
Commissioners of the Authority with regard to depositories or brokerage firms are superseded by this
resolution.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 3rd day of January, 2022
Offered by:
Seconded by:
Roll Call:
President
Attest:
Secretary
5. Resolution of Support for Tax Increment Financing.
Chirpich reviewed the information related to the Public Safety campus out-lot. In May
2021, the EDA received an application for financial assistance from Reuter Walton
Development requesting a total of $1.8 million of public assistance to construct a 62 -unit
affordable housing complex on the City’s vacant development site located behind the
Public Safety campus. Reuter Walton specifically requested Tax Increment Financing (TIF) in
the amount of $1,498,000 and a local grant of $300,000. The project is proposed to start in
the spring of 2022 with an anticipated project cost of approximately $20 million. Reuter
Walton and the City are also partnering with Southern Anoka Community Assistance
(SACA) to develop a new food shelf on the same development site. The City’s public
financing consultant, Ehlers has reviewed the proposed project; specifically the budget and
pro forma for the apartments based on industry standards for construction, land
acquisition, and project costs. Based on their review, Ehlers has determined that the
requested financial assistance is more than what is necessary for the project to be
financially feasible. Ehlers has concluded that the project would require no more than
$680,000 in TIF assistance payable over a 15 year term. A copy of the memo detailing the
Ehlers analysis was included in the packet of documents for the EDA.
Reuter Walton has asked that the EDA pass a resolution showing support for the use of TIF
on the proposed project, as a resolution of support will assist them in their pursuit of
additional funding for the project from the State of Minnesota and their private investment
partners. A resolution of support in no way obligates the EDA or City to provide any TIF
assistance to the project. Authorization of TIF for the project is solely within the discretion
of the City Council after satisfaction of all conditions required pursuant to State law.
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 7
In September of 2021, the City Council authorized staff to prepare an application for the
Metropolitan Council’s 2021 Livable Communities Demonstration Account (LCDA) grant
funding program to support the project. The City prepared an application on behalf of
Reuter Walton and SACA. Eligible uses of the grant funds include; storm water
management, public realm improvements, renewable energy systems, and site acquisition
and preparation. SACA and Reuter Walton requested a combined total of $1,232,000 in
LCDA funding to support the joint project venture. On December 27, 2021, the City was
informed by the Met Council that the City and the project have been awarded the full
amount of grant funding requested. This is great new, but it is unclear how this new
infusion of grant funding will affect the need for TIF assistance. Staff is coordinating with
Ehlers to review a revised pro forma for the Reuter Walton portion of the project that takes
into consideration the new funding source.
There is also an application by Reuter Walton to the MN Department of Management and
Budget for additional bond funding for the primary financing for the affordable housing
project. If they do receive these funds there will be a recalibration of the TIF.
Passing the resolution will convey the City’s willingness to provide assistance if warranted.
Ultimately, further review of the project pro forma may conclude that zero assistance is
required.
Márquez-Simula stated congratulations and that this was great news.
Chirpich stated that City Planner Minerva Hark undertook this effort and he greatly
appreciated all of her hard work.
Jacobs inquired on when ground would be broken.
Chirpich stated that if all the moving pieces can come together, ear ly spring 2022 and there
would be a one year timeline for completion. SACA is still working on their portions of the
planning and grant applications.
Szurek inquired where SACA is getting their funding and if they will be applying for grant
money or TIF funds. She is worried that SACA will not receive the funding needed and will
not have a place to operate out of.
Chirpich stated that this grant is allowing Reuter Walton to take on the storm water
responsibilities, and SACA will not have to worry about that component. The City cannot
control a lot of the variables, and there is the potential for redevelopment if SACA is not
able to get the funding needed.
Novitsky stated that the apartment building can move forward without there being an
impact to SACA. SACA does have several years remaining on their current lease if
something does not align for this project.
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 8
Bourgeois confirmed that the SACA lease does run through May of 2029.
Motion by Novitsky, seconded by Márquez-Simula to waive the reading of Resolution 2022-
03, there being ample copies available to the public. All Ayes. Roll Call Vote, all Ayes.
MOTION PASSED.
Motion by Novitsky, seconded by Márquez-Simula to adopt Resolution 2022-03, a
resolution of the Columbia Heights Economic Development Authority supporting use of tax
increment financing for a rental housing development project. All Ayes. Roll Call Vote, all
Ayes. MOTION PASSED.
RESOLUTION No. 2022-03
SUPPORTING USE OF TAX INCREMENT FINANCING FOR A RENTAL
HOUSING DEVELOPMENT PROJECT
WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) was created
pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the “EDA Act”), and is authorized
pursuant to Minnesota Statutes, Sections 469.174 to 469.1794 (the “TIF Act”) to use tax increment
financing to carry out the public purposes described herein; and
WHEREAS, the EDA has received a request to provide financial assistance to Reuter Walton
Development, LLC, a Minnesota limited liability company, or an affiliated ent ity (the “Developer”) for an
approximately 62-unit multifamily workforce rental housing apartment building (the “Project”) to be
located on approximately 1.6 acres of land at the intersection of 42nd Avenue NE and Jackson Street
NE in Columbia Heights, Minnesota; and
WHEREAS, in connection with its application to Minnesota Management and Budget for tax-
exempt bonds for the Project, the Developer has requested that the EDA indicate its support of the use
of financial assistance for the Project.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Columbia
Heights Economic Development Authority (the “Board”) as follows:
The EDA supports the use of tax increment financing for the Project in the amount of up to
$680,000, payable over approximately 15 years; provided, however, that authorization of tax increment
financing for the Project is solely within the discretion of the City Council after satisfaction of all
conditions required pursuant to the EDA Act and the TIF Act, including without lim itation (i) a public
hearing; and (ii) a determination that tax increment financing assistance is necessary for the Project,
including verification of development financing need that substantiates that but for the use of tax
increment financing, the Developer would be unable to proceed with the Project.
Adopted by the Board of Commissioners of the Columbia Heights Economic Development Authority
this 3rd day of January, 2022
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Item 1.
City of Columbia Heights MINUTES January 03, 2022
Economic Development Authority Page 9
___________________________________
President
ATTEST:
Executive Director
OTHER BUSINESS
Herringer thanked the City Staff, Fire Department and Public Works for the Christmas
Parade and Santa Visiting via Fire Truck.
Márquez-Simula inquired if the commission had the opportunity to view the tour of the
new City Hall building. A link will be sent to the Commissioners.
ADJOURNMENT
Motion by Murzyn, seconded by Jacobs, to adjourn the meeting at 6:38 pm. Roll call vote, all Ayes.
MOTION PASSED.
Respectfully submitted,
____________________________
Alicia Howe, Recording Secretary
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Item 1.
Resolution 2022-04
RESOLUTION NO. 2022-04
A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA,
APPROVING THE FINANCIAL STATEMENTS FOR THE MONTHS DECEMBER 2021, AND JANUARY 2022, AND
THE PAYMENT OF THE BILLS FOR THE MONTHS OF DECEMBER 2021, AND JANUARY 2022.
WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) is required by Minnesota
Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and
disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied,
the EDA's credits and assets and its outstand ing liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if
correct, to approve them by resolution and enter the resolution in its records; and
WHEREAS, the financial statements for the months of December 2021, and January 2022 have been reviewed
by the EDA Commission; and
WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both fo rm
and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including
but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar
documentation; and
WHEREAS, financials statements are held by the City’s Finance Department in a method outlined by the State
of Minnesota’s Records Retention Schedule,
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic
Development Authority that it has examined the referenced financial statements including the check history,
and they are found to be correct, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check his tory as
presented in writing is approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights
Economic Development Authority.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 7th day of March, 2022
Offered by:
Seconded by:
Roll Call:
President
Attest:
Assistant Secretary
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Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/3Page:01/13/2022 02:30 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 12/01/2021 - 12/31/2021
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 13
199,716.00 12302112/30/21STATE OF MINNESOTA MMBPER RESOLUTION 2021-53 AND RELATED APP204.0000.22000
199,716.00 Total For Check 13
Check 188425
15.00 23752410/31/21BARNA GUZY & STEFFEN LTDCELL TOWER SETTLEMENT408.6314.43050
15.00 Total For Check 188425
Check 188446
2,400.00 8843410/11/21EHLERS & ASSOCIATES INCTIF ADMIN NE BUSINESS CENTER392.7000.43050
2,400.00 Total For Check 188446
Check 188456
283.50 14733709/07/21HASSAN SAND & GRAVEL7 TON LIMESTONE 408.9999.42160.2014
283.50 Total For Check 188456
Check 188468
540.00 283710/12/21JL THEIS, INC.BLOCK408.9999.42160.2014
13,869.00 283710/12/21JL THEIS, INC.RETAINING WALL408.9999.44000.2014
14,409.00 Total For Check 188468
Check 188480
38.43 5797910/18/21MENARDS CASHWAY LUMBER-FRIDLEYMAINT & CONSTRUCTION MATERIALS408.9999.42160.2014
38.43 Total For Check 188480
Check 188495
4,575.75 41406010/15/21SHORT ELLIOT HENDRICKSON INCCELL TOWER DESIGN 093021408.9999.43050.2014
4,575.75 Total For Check 188495
Check 188521
367.18 472510/06/21ANGSTROM ANALYTICAL INCEXPERT & PROFESSIONAL SERV.408.6414.43050
367.18 Total For Check 188521
Check 188528
345.00 23653309/30/21BARNA GUZY & STEFFEN LTDEXPERT & PROFESSIONAL SERV.408.6314.43050
345.00 Total For Check 188528
Check 188531
496.00 CG10205310/13/21BIG BOBS CARPETRAMP ELEVATOR CARPET REPLACEMENT228.6317.44000
496.00 Total For Check 188531
Check 188539
300.00 2028110/22/21CENTER FOR ENERGY & ENVIRONMNTEXPERT & PROFESSIONAL SERV.204.6314.43050
300.00 Total For Check 188539
Check 188543
12.98 13467364211/15/21COMCAST111521 934571297 COMM DEV ADMIN204.6314.43250
12.98 Total For Check 188543
Check 188547
1,750.00 11302021DQ11/30/21DAIRY QUEENLOANS & GRANTS408.6314.44600
1,750.00 Total For Check 188547
Check 188549
42,245.00 12012112/01/21DROBNICK'S CONSTRUCTION CLEAN UPDEMOLTION OF 230, 960 AND 1002 40TH AVE408.6414.43050
42,245.00 Total For Check 188549
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Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/3Page:01/13/2022 02:30 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 12/01/2021 - 12/31/2021
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 188551
405.00 8877711/09/21EHLERS & ASSOCIATES INCEXPERT & PROFESSIONAL SERV.371.7000.43050
1,200.00 8843510/11/21EHLERS & ASSOCIATES INCEXPERT & PROFESSIONAL SERV.408.6314.43050
900.00 8843310/11/21EHLERS & ASSOCIATES INCEXPERT & PROFESSIONAL SERV.408.6314.43050
2,505.00 Total For Check 188551
Check 188556
430.00 5846211/14/21HIGH PROFILE GROUNDS MAINT INCREPAIR & MAINT. SERVICES228.6317.44000
430.00 Total For Check 188556
Check 188559
1,936.76 W5892810/27/21HORWITZ INCREPAIR & MAINT. SERVICES228.6317.44000
1,936.76 Total For Check 188559
Check 188568
917.76 16375510/20/21KENNEDY & GRAVENNE BUSINESS CENTER408.6314.43050
917.76 Total For Check 188568
Check 188602
7,650.00 1465410/21/21SPS INC.MUNICIPAL RAMP CLEANING 228.6317.44000
7,650.00 Total For Check 188602
Check 188629
1,300.27 36302432004610/15/21ANOKA COUNTY PROPERTY RECORDS960 40TH AVE NE408.6414.44390
1,188.24 36302432004210/15/21ANOKA COUNTY PROPERTY RECORDS1002 40TH AVE NE408.6416.44390
2,488.51 Total For Check 188629
Check 188651
99.36 6401438486-712/07/21CENTER POINT ENERGYGAS408.6414.43830
99.36 Total For Check 188651
Check 188703
3,770.00 1882.111/12/21METRO UTILITIES INCWATER DISCONNECT AT 1002 40TH 408.6414.43820
3,770.00 1882.311/12/21METRO UTILITIES INCWATER DISCONNECT AT 960 40TH408.6414.43820
4,120.00 1882.211/12/21METRO UTILITIES INCSEWER DISCONNECT AT 1002 40TH 408.6414.43850
4,570.00 211882.411/12/21METRO UTILITIES INCSEWER DISCONNECT AT 960 40TH408.6414.43850
16,230.00 Total For Check 188703
Check 188724
60.43 99270513211/26/21POPP.COM INC10013121 PHONE COMMDEV ADMIN204.6314.43210
60.43 Total For Check 188724
Check 188750
22.52 093795272012/07/21XCEL ENERGY (N S P)ELECTRIC408.6414.43810
22.52 Total For Check 188750
Check 188790
13.53 13667938312/15/21COMCAST121521 934571297 COMM DEV ADMIN204.6314.43250
13.53 Total For Check 188790
Check 188897
1,134.14 093797649612/07/21XCEL ENERGY (N S P)ELECTRIC228.6317.43810
1,134.14 Total For Check 188897
14
Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 3/3Page:01/13/2022 02:30 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 12/01/2021 - 12/31/2021
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
200,102.94 Fund 204 EDA ADMINISTRATION
11,646.90 Fund 228 DOWNTOWN PARKING
405.00 Fund 371 TIF T4: KMART/CENTRAL AVE
2,400.00 Fund 392 TIF BB2 ALATUS 40TH AV
85,887.01 Fund 408 EDA REDEVELOPMENT PROJECT FD
Fund Totals:
13,869.00 RETAINING WALL408.9999.44000.2014
4,575.75 CELL TOWER DESIGN 093021408.9999.43050.2014
861.93 7 TON LIMESTONE 408.9999.42160.2014
1,188.24 1002 40TH AVE NE408.6416.44390
1,300.27 960 40TH AVE NE408.6414.44390
8,690.00 SEWER DISCONNECT AT 1002 40TH 408.6414.43850
99.36 GAS408.6414.43830
7,540.00 WATER DISCONNECT AT 1002 40TH 408.6414.43820
22.52 ELECTRIC408.6414.43810
42,612.18 EXPERT & PROFESSIONAL SERV.408.6414.43050
1,750.00 LOANS & GRANTS408.6314.44600
3,377.76 CELL TOWER SETTLEMENT408.6314.43050
2,400.00 TIF ADMIN NE BUSINESS CENTER392.7000.43050
405.00 EXPERT & PROFESSIONAL SERV.371.7000.43050
10,512.76 RAMP ELEVATOR CARPET REPLACEMENT228.6317.44000
1,134.14 ELECTRIC228.6317.43810
26.51 121521 934571297 COMM DEV ADMIN204.6314.43250
60.43 10013121 PHONE COMMDEV ADMIN204.6314.43210
300.00 EXPERT & PROFESSIONAL SERV.204.6314.43050
199,716.00 PER RESOLUTION 2021-53 AND RELATED APP204.0000.22000
--- TOTALS BY GL DISTRIBUTION ---
300,441.85 Total For All Funds:
15
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 202 - ANOKA CO COMM DEV PROGRAMS
Revenues
Dept 0000 - NON-DEPARTMENTAL
INTERGOVERNMENTAL
100.00 (692,930.88)692,930.88 692,930.88 0.00 0.00 COUNTY GRANT202.0000.33600
100.00 (692,930.88)692,930.88 692,930.88 0.00 0.00 INTERGOVERNMENTAL
100.00 (692,930.88)692,930.88 692,930.88 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (692,930.88)692,930.88 692,930.88 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6355 - ANOKA CO HRA LEVY PROJECTS
OTHER SERVICES & CHARGES
100.00 (7,006.00)7,006.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.202.6355.43050
100.00 (7,006.00)7,006.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (7,006.00)7,006.00 0.00 0.00 0.00 Total Dept 6355 - ANOKA CO HRA LEVY PROJECTS
100.00 (7,006.00)7,006.00 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (685,924.88)685,924.88 692,930.88 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (7,006.00)7,006.00 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (692,930.88)692,930.88 692,930.88 0.00 0.00 TOTAL REVENUES
Fund 202 - ANOKA CO COMM DEV PROGRAMS:
16
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
56.29 78,246.62 100,753.38 0.00 0.00 179,000.00 EDA CURRENT AD VALOREM204.0000.31011
40.72 45,348.32 31,151.68 0.00 0.00 76,500.00 AREA WIDE TAX204.0000.31014
100.00 (2,121.25)2,121.25 0.00 0.00 0.00 DELNQ. AD VALOREM204.0000.31020
52.46 121,473.69 134,026.31 0.00 0.00 255,500.00 TAXES
CHARGES FOR SERVICES
100.00 (30.00)30.00 0.00 0.00 0.00 ADMINISTRATIVE FEES204.0000.34112
100.00 (2,000.00)2,000.00 0.00 0.00 0.00 DEVELOPER FEES204.0000.34113
100.00 (2,030.00)2,030.00 0.00 0.00 0.00 CHARGES FOR SERVICES
53.25 119,443.69 136,056.31 0.00 0.00 255,500.00 Total Dept 0000 - NON-DEPARTMENTAL
53.25 119,443.69 136,056.31 0.00 0.00 255,500.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
OTHER SERVICES & CHARGES
619.73 (31,183.54)37,183.54 20.09 0.00 6,000.00 EXPERT & PROFESSIONAL SERV.204.6314.43050
11.42 885.85 114.15 0.00 0.00 1,000.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105
147.00 (329.02)1,029.02 66.79 0.00 700.00 TELEPHONE204.6314.43210
104.09 (24.55)624.55 60.31 0.00 600.00 POSTAGE204.6314.43220
82.02 44.95 205.05 13.53 0.00 250.00 OTHER TELECOMMUNICATIONS204.6314.43250
0.00 200.00 0.00 0.00 0.00 200.00 LOCAL TRAVEL EXPENSE204.6314.43310
0.00 500.00 0.00 0.00 0.00 500.00 LEGAL NOTICE PUBLISHING204.6314.43500
100.00 (0.04)3,200.04 266.67 0.00 3,200.00 PROP & LIAB INSURANCE204.6314.43600
100.00 (437.51)437.51 14.54 0.00 0.00 REPAIR & MAINT. SERVICES204.6314.44000
100.00 0.00 7,500.00 7,500.00 0.00 7,500.00 INFORMATION SYS:INTERNAL SVC204.6314.44040
0.00 750.00 0.00 0.00 0.00 750.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330
31.82 750.00 350.00 0.00 0.00 1,100.00 COMMISSION & BOARDS204.6314.44380
232.31 (28,843.86)50,643.86 7,941.93 0.00 21,800.00 OTHER SERVICES & CHARGES
PERSONNEL SERVICES
70.87 46,699.14 113,600.86 7,859.97 0.00 160,300.00 REGULAR EMPLOYEES204.6314.41010
72.12 3,345.60 8,654.40 589.48 0.00 12,000.00 P.E.R.A. CONTRIBUTION204.6314.41210
79.44 2,528.60 9,771.40 629.87 0.00 12,300.00 F.I.C.A. CONTRIBUTION204.6314.41220
85.74 3,378.70 20,321.30 859.44 0.00 23,700.00 INSURANCE204.6314.41300
50.14 648.17 651.83 58.80 0.00 1,300.00 WORKERS COMP INSURANCE PREM204.6314.41510
73.00 56,600.21 152,999.79 9,997.56 0.00 209,600.00 PERSONNEL SERVICES
SUPPLIES
2.83 971.75 28.25 0.00 0.00 1,000.00 OFFICE SUPPLIES204.6314.42000
0.00 500.00 0.00 0.00 0.00 500.00 MINOR EQUIPMENT204.6314.42010
10.53 1,342.06 157.94 0.00 0.00 1,500.00 END USER DEVICES204.6314.42011
0.00 100.00 0.00 0.00 0.00 100.00 GENERAL SUPPLIES204.6314.42171
0.00 100.00 0.00 0.00 0.00 100.00 FOOD SUPPLIES204.6314.42175
5.82 3,013.81 186.19 0.00 0.00 3,200.00 SUPPLIES 17
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Expenditures
CONTINGENCIES & TRANSFERS
108.33 (1,668.75)21,693.75 1,668.75 0.00 20,025.00 OPER. TRANSFER OUT - LABOR204.6314.47100
108.33 (1,668.75)21,693.75 1,668.75 0.00 20,025.00 CONTINGENCIES & TRANSFERS
88.57 29,101.41 225,523.59 19,608.24 0.00 254,625.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
88.57 29,101.41 225,523.59 19,608.24 0.00 254,625.00 TOTAL EXPENDITURES
10,224.83 90,342.28 (89,467.28)(19,608.24)0.00 875.00 NET OF REVENUES & EXPENDITURES
88.57 29,101.41 225,523.59 19,608.24 0.00 254,625.00 TOTAL EXPENDITURES
53.25 119,443.69 136,056.31 0.00 0.00 255,500.00 TOTAL REVENUES
Fund 204 - EDA ADMINISTRATION:
18
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 228 - DOWNTOWN PARKING
Revenues
Dept 0000 - NON-DEPARTMENTAL
MISCELLANEOUS
100.00 0.00 31,200.00 2,600.00 0.00 31,200.00 NONDWELLING RENTS228.0000.36225
100.00 0.00 31,200.00 2,600.00 0.00 31,200.00 MISCELLANEOUS
TRANSFERS & NON-REV RECEIPTS
100.00 0.04 24,999.96 2,083.33 0.00 25,000.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247
100.00 0.04 24,999.96 2,083.33 0.00 25,000.00 TRANSFERS & NON-REV RECEIPTS
100.00 0.04 56,199.96 4,683.33 0.00 56,200.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 0.04 56,199.96 4,683.33 0.00 56,200.00 TOTAL REVENUES
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
100.00 (3,718.20)3,718.20 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.228.6317.43050
100.00 0.04 7,299.96 608.33 0.00 7,300.00 PROP & LIAB INSURANCE228.6317.43600
100.00 (362.85)362.85 175.18 0.00 0.00 UTILITY SERVICES228.6317.43800
98.09 229.15 11,770.85 1,134.14 0.00 12,000.00 ELECTRIC228.6317.43810
15.35 634.91 115.09 0.00 0.00 750.00 WATER228.6317.43820
100.00 (1,073.91)1,073.91 0.00 0.00 0.00 SEWER228.6317.43850
66.58 12,081.85 23,453.85 7,650.00 614.30 36,150.00 REPAIR & MAINT. SERVICES228.6317.44000
100.00 (1,932.00)1,932.00 0.00 0.00 0.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020
89.57 5,858.99 49,726.71 9,567.65 614.30 56,200.00 OTHER SERVICES & CHARGES
SUPPLIES
100.00 (233.95)233.95 0.00 0.00 0.00 GENERAL SUPPLIES228.6317.42171
100.00 (233.95)233.95 0.00 0.00 0.00 SUPPLIES
89.99 5,625.04 49,960.66 9,567.65 614.30 56,200.00 Total Dept 6317 - DOWNTOWN PARKING
89.99 5,625.04 49,960.66 9,567.65 614.30 56,200.00 TOTAL EXPENDITURES
100.00 (5,625.00)6,239.30 (4,884.32)(614.30)0.00 NET OF REVENUES & EXPENDITURES
89.99 5,625.04 49,960.66 9,567.65 614.30 56,200.00 TOTAL EXPENDITURES
100.00 0.04 56,199.96 4,683.33 0.00 56,200.00 TOTAL REVENUES
Fund 228 - DOWNTOWN PARKING:
19
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 371 - TIF T4: KMART/CENTRAL AVE
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (3,405.00)3,405.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.371.7000.43050
100.00 (3,405.00)3,405.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (3,405.00)3,405.00 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (3,405.00)3,405.00 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 3,405.00 (3,405.00)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (3,405.00)3,405.00 0.00 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 371 - TIF T4: KMART/CENTRAL AVE:
20
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 372 - HUSET PARK AREA TIF (T6)
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
194.51 (181,751.46)374,051.46 0.00 0.00 192,300.00 CURRENT AD VALOREM372.0000.31010
100.00 (1,387.61)1,387.61 0.00 0.00 0.00 DELNQ. AD VALOREM372.0000.31020
195.24 (183,139.07)375,439.07 0.00 0.00 192,300.00 TAXES
MISCELLANEOUS
0.00 1,000.00 0.00 0.00 0.00 1,000.00 INTEREST ON INVESTMENTS372.0000.36210
0.00 1,000.00 0.00 0.00 0.00 1,000.00 MISCELLANEOUS
194.23 (182,139.07)375,439.07 0.00 0.00 193,300.00 Total Dept 0000 - NON-DEPARTMENTAL
194.23 (182,139.07)375,439.07 0.00 0.00 193,300.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (8,151.38)8,151.38 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.372.7000.43050
100.00 (77.63)77.63 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING372.7000.43500
100.00 (335,390.74)335,390.74 0.00 0.00 0.00 LOANS & GRANTS372.7000.44600
100.00 (343,619.75)343,619.75 0.00 0.00 0.00 OTHER SERVICES & CHARGES
OTHER FINANCING USES
100.00 0.00 130,000.00 0.00 0.00 130,000.00 PRINCIPAL372.7000.46010
99.91 52.50 59,747.50 0.00 0.00 59,800.00 INTEREST372.7000.46110
39.58 725.00 475.00 0.00 0.00 1,200.00 FISCAL AGENT CHARGES372.7000.46200
100.00 (500.00)500.00 0.00 0.00 0.00 MISCELLANEOUS FISCAL CHARGES372.7000.46210
99.85 277.50 190,722.50 0.00 0.00 191,000.00 OTHER FINANCING USES
279.76 (343,342.25)534,342.25 0.00 0.00 191,000.00 Total Dept 7000 - BONDS
279.76 (343,342.25)534,342.25 0.00 0.00 191,000.00 TOTAL EXPENDITURES
6,908.83 161,203.18 (158,903.18)0.00 0.00 2,300.00 NET OF REVENUES & EXPENDITURES
279.76 (343,342.25)534,342.25 0.00 0.00 191,000.00 TOTAL EXPENDITURES
194.23 (182,139.07)375,439.07 0.00 0.00 193,300.00 TOTAL REVENUES
Fund 372 - HUSET PARK AREA TIF (T6):
21
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 374 - TIF Z2: CENTRAL VALU CENTER
Expenditures
Dept 6412 - 43RD & CENTRAL: HYVEE
OTHER SERVICES & CHARGES
100.00 (1,177.41)1,177.41 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.374.6412.43050
100.00 (1,177.41)1,177.41 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (1,177.41)1,177.41 0.00 0.00 0.00 Total Dept 6412 - 43RD & CENTRAL: HYVEE
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (25.88)25.88 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING374.7000.43500
100.00 (25.88)25.88 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (25.88)25.88 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (1,203.29)1,203.29 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 1,203.29 (1,203.29)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (1,203.29)1,203.29 0.00 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 374 - TIF Z2: CENTRAL VALU CENTER:
22
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 375 - TIF Z6: 47TH & GRAND
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (128,477.73)128,477.73 0.00 0.00 0.00 CURRENT AD VALOREM375.0000.31010
100.00 (128,477.73)128,477.73 0.00 0.00 0.00 TAXES
100.00 (128,477.73)128,477.73 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (128,477.73)128,477.73 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (1,208.61)1,208.61 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.375.7000.43050
100.00 (25.88)25.88 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING375.7000.43500
100.00 (104,786.30)104,786.30 0.00 0.00 0.00 LOANS & GRANTS375.7000.44600
100.00 (106,020.79)106,020.79 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (106,020.79)106,020.79 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (106,020.79)106,020.79 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (22,456.94)22,456.94 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (106,020.79)106,020.79 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (128,477.73)128,477.73 0.00 0.00 0.00 TOTAL REVENUES
Fund 375 - TIF Z6: 47TH & GRAND:
23
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 376 - TIF DISTRICTS A3/C7/C8
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (1,124.62)1,124.62 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.376.7000.43050
100.00 (25.88)25.88 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING376.7000.43500
100.00 (1,150.50)1,150.50 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (1,150.50)1,150.50 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (1,150.50)1,150.50 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 1,150.50 (1,150.50)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (1,150.50)1,150.50 0.00 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 376 - TIF DISTRICTS A3/C7/C8:
24
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 389 - TIF R8 CRESTV/TRANSITION BLK
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (31,556.59)31,556.59 0.00 0.00 0.00 CURRENT AD VALOREM389.0000.31010
100.00 (31,556.59)31,556.59 0.00 0.00 0.00 TAXES
100.00 (31,556.59)31,556.59 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (31,556.59)31,556.59 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (1,432.56)1,432.56 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.389.7000.43050
100.00 (25.88)25.88 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING389.7000.43500
100.00 (26,451.00)26,451.00 0.00 0.00 0.00 LOANS & GRANTS389.7000.44600
100.00 (27,909.44)27,909.44 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (27,909.44)27,909.44 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (27,909.44)27,909.44 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (3,647.15)3,647.15 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (27,909.44)27,909.44 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (31,556.59)31,556.59 0.00 0.00 0.00 TOTAL REVENUES
Fund 389 - TIF R8 CRESTV/TRANSITION BLK:
25
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 11/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 391 - SCATTERED SITE TIF W3/W4
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
100.00 (21,883.98)21,883.98 0.00 0.00 0.00 CURRENT AD VALOREM391.0000.31010
100.00 (21,883.98)21,883.98 0.00 0.00 0.00 TAXES
100.00 (21,883.98)21,883.98 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (21,883.98)21,883.98 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (1,867.74)1,867.74 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.391.7000.43050
100.00 (51.72)51.72 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING391.7000.43500
100.00 (1,919.46)1,919.46 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (1,919.46)1,919.46 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (1,919.46)1,919.46 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (19,964.52)19,964.52 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (1,919.46)1,919.46 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (21,883.98)21,883.98 0.00 0.00 0.00 TOTAL REVENUES
Fund 391 - SCATTERED SITE TIF W3/W4:
26
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 12/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 392 - TIF BB2 ALATUS 40TH AV
Expenditures
Dept 7000 - BONDS
OTHER SERVICES & CHARGES
100.00 (3,770.91)3,770.91 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.392.7000.43050
100.00 (25.88)25.88 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING392.7000.43500
100.00 (3,796.79)3,796.79 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (3,796.79)3,796.79 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (3,796.79)3,796.79 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 3,796.79 (3,796.79)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (3,796.79)3,796.79 0.00 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 392 - TIF BB2 ALATUS 40TH AV:
27
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 13/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 393 - TIF ALATUS 4300 CENTRAL
Revenues
Dept 0000 - NON-DEPARTMENTAL
TRANSFERS & NON-REV RECEIPTS
100.00 (5,935,000.00)5,935,000.00 0.00 0.00 0.00 BOND PROCEEDS393.0000.39310
100.00 (5,935,000.00)5,935,000.00 0.00 0.00 0.00 TRANSFERS & NON-REV RECEIPTS
100.00 (5,935,000.00)5,935,000.00 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (5,935,000.00)5,935,000.00 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER FINANCING USES
100.00 (76,484.65)76,484.65 0.00 0.00 0.00 MISCELLANEOUS FISCAL CHARGES393.7000.46210
100.00 (76,484.65)76,484.65 0.00 0.00 0.00 OTHER FINANCING USES
100.00 (76,484.65)76,484.65 0.00 0.00 0.00 Total Dept 7000 - BONDS
100.00 (76,484.65)76,484.65 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (5,858,515.35)5,858,515.35 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (76,484.65)76,484.65 0.00 0.00 0.00 TOTAL EXPENDITURES
100.00 (5,935,000.00)5,935,000.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 393 - TIF ALATUS 4300 CENTRAL:
28
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 14/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
54.99 78,773.20 96,226.80 0.00 0.00 175,000.00 HRA CURRENT AD VALOREM408.0000.31012
41.72 43,712.89 31,287.11 0.00 0.00 75,000.00 AREA WIDE TAX408.0000.31014
100.00 (1,913.24)1,913.24 0.00 0.00 0.00 DELNQ. AD VALOREM408.0000.31020
51.77 120,572.85 129,427.15 0.00 0.00 250,000.00 TAXES
MISCELLANEOUS
100.00 (1,243.29)1,243.29 0.00 0.00 0.00 OTHER MISC. REVENUE408.0000.36290
100.00 (1,243.29)1,243.29 0.00 0.00 0.00 MISCELLANEOUS
52.27 119,329.56 130,670.44 0.00 0.00 250,000.00 Total Dept 0000 - NON-DEPARTMENTAL
52.27 119,329.56 130,670.44 0.00 0.00 250,000.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
OTHER SERVICES & CHARGES
100.00 (6,257.76)6,257.76 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6314.43050
100.00 (6,750.00)6,750.00 0.00 0.00 0.00 LOANS & GRANTS408.6314.44600
100.00 (13,007.76)13,007.76 0.00 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (13,007.76)13,007.76 0.00 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
Dept 6411 - FACADE IMPROVEMENT GRANT
OTHER SERVICES & CHARGES
100.00 0.00 3,100.00 3,100.00 (3,100.00)0.00 LOANS & GRANTS408.6411.44600
100.00 0.00 3,100.00 3,100.00 (3,100.00)0.00 OTHER SERVICES & CHARGES
100.00 0.00 3,100.00 3,100.00 (3,100.00)0.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT
Dept 6414 - COMMERCIAL REVITALIZATION
OTHER SERVICES & CHARGES
100.00 (75,008.37)75,008.37 42,245.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6414.43050
100.00 (262.39)262.39 22.52 0.00 0.00 ELECTRIC408.6414.43810
100.00 (7,702.82)7,702.82 7,540.00 0.00 0.00 WATER408.6414.43820
100.00 (819.61)819.61 284.38 0.00 0.00 GAS408.6414.43830
100.00 (8,690.00)8,690.00 8,690.00 0.00 0.00 SEWER408.6414.43850
100.00 (84,280.25)84,280.25 0.00 0.00 0.00 PRIOR PERIOD ADJUSTMENT408.6414.44360
100.00 (1,300.27)1,300.27 1,300.27 0.00 0.00 TAXES & LICENSES408.6414.44390
0.00 50,000.00 0.00 0.00 0.00 50,000.00 LOANS & GRANTS408.6414.44600
356.13 (128,063.71)178,063.71 60,082.17 0.00 50,000.00 OTHER SERVICES & CHARGES
PERSONNEL SERVICES
100.00 (1,135.85)1,135.85 0.00 0.00 0.00 REGULAR EMPLOYEES408.6414.41010
100.00 (85.18)85.18 0.00 0.00 0.00 P.E.R.A. CONTRIBUTION408.6414.41210
29
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 15/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Expenditures
100.00 (83.76)83.76 0.00 0.00 0.00 F.I.C.A. CONTRIBUTION408.6414.41220
100.00 (221.41)221.41 0.00 0.00 0.00 INSURANCE408.6414.41300
100.00 (33.28)33.28 0.00 0.00 0.00 WORKERS COMP INSURANCE PREM408.6414.41510
100.00 (1,559.48)1,559.48 0.00 0.00 0.00 PERSONNEL SERVICES
CAPITAL OUTLAY
114.45 (28,893.86)228,893.86 0.00 0.00 200,000.00 LAND408.6414.45110
114.45 (28,893.86)228,893.86 0.00 0.00 200,000.00 CAPITAL OUTLAY
163.41 (158,517.05)408,517.05 60,082.17 0.00 250,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION
Dept 6416 - 3989 CENTRAL AVE
OTHER SERVICES & CHARGES
100.00 (10,498.10)10,498.10 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6416.43050
100.00 (1,188.24)1,188.24 1,188.24 0.00 0.00 TAXES & LICENSES408.6416.44390
100.00 (11,686.34)11,686.34 1,188.24 0.00 0.00 OTHER SERVICES & CHARGES
100.00 (11,686.34)11,686.34 1,188.24 0.00 0.00 Total Dept 6416 - 3989 CENTRAL AVE
Dept 9999 - CONSTRUCTION
OTHER SERVICES & CHARGES
100.00 (293,758.55)274,358.55 0.00 19,400.00 0.00 EXPERT & PROFESSIONAL SERV.408.9999.43050.2014
100.00 (22.00)22.00 0.00 0.00 0.00 LOCAL TRAVEL EXPENSE408.9999.43310.2011
100.00 (311.35)311.35 0.00 0.00 0.00 LEGAL NOTICE PUBLISHING408.9999.43500.2014
100.00 (13,869.00)13,869.00 0.00 0.00 0.00 REPAIR & MAINT. SERVICES408.9999.44000.2014
100.00 (175.00)175.00 0.00 0.00 0.00 RENTS & LEASES408.9999.44100.2014
100.00 (308,135.90)288,735.90 0.00 19,400.00 0.00 OTHER SERVICES & CHARGES
SUPPLIES
100.00 (1,940.78)1,940.78 0.00 0.00 0.00 MAINT & CONSTRUCTION MATERIALS408.9999.42160.2014
100.00 (9.89)9.89 0.00 0.00 0.00 GENERAL SUPPLIES408.9999.42171.2014
100.00 (1,950.67)1,950.67 0.00 0.00 0.00 SUPPLIES
100.00 (310,086.57)290,686.57 0.00 19,400.00 0.00 Total Dept 9999 - CONSTRUCTION
297.32 (493,297.72)726,997.72 64,370.41 16,300.00 250,000.00 TOTAL EXPENDITURES
100.00 612,627.28 (596,327.28)(64,370.41)(16,300.00)0.00 NET OF REVENUES & EXPENDITURES
297.32 (493,297.72)726,997.72 64,370.41 16,300.00 250,000.00 TOTAL EXPENDITURES
52.27 119,329.56 130,670.44 0.00 0.00 250,000.00 TOTAL REVENUES
Fund 408 - EDA REDEVELOPMENT PROJECT FD:
30
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 16/16Page:01/13/2022 02:29 PM
User: suems
DB: Columbia Heights PERIOD ENDING 12/31/2021
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
12/31/2021
ACTIVITY FOR
MONTH
12/31/21
ENCUMBERED
YEAR-TO-DATE
2021
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT
Revenues
Dept 0000 - NON-DEPARTMENTAL
MISCELLANEOUS
100.00 (323.71)323.71 0.00 0.00 0.00 LOAN INTEREST420.0000.36216
100.00 (323.71)323.71 0.00 0.00 0.00 MISCELLANEOUS
100.00 (323.71)323.71 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL
100.00 (323.71)323.71 0.00 0.00 0.00 TOTAL REVENUES
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
0.00 (88,455.00)0.00 0.00 88,455.00 0.00 REPAIR & MAINT. SERVICES420.6317.44000.1915
0.00 (88,455.00)0.00 0.00 88,455.00 0.00 OTHER SERVICES & CHARGES
0.00 (88,455.00)0.00 0.00 88,455.00 0.00 Total Dept 6317 - DOWNTOWN PARKING
0.00 (88,455.00)0.00 0.00 88,455.00 0.00 TOTAL EXPENDITURES
100.00 88,131.29 323.71 0.00 (88,455.00)0.00 NET OF REVENUES & EXPENDITURES
100.00 (88,455.00)0.00 0.00 88,455.00 0.00 TOTAL EXPENDITURES
100.00 (323.71)323.71 0.00 0.00 0.00 TOTAL REVENUES
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT:
177,557.46 (5,634,274.23)5,742,818.53 604,067.91 (105,369.30)3,175.00 NET OF REVENUES & EXPENDITURES
248.87 (1,119,264.44)1,765,720.14 93,546.30 105,369.30 751,825.00 TOTAL EXPENDITURES - ALL FUNDS
994.51 (6,753,538.67)7,508,538.67 697,614.21 0.00 755,000.00 TOTAL REVENUES - ALL FUNDS
31
Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/3Page:02/15/2022 03:06 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 01/01/2022 - 01/31/2022
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 18
13,502.13 190278501/14/22U.S. BANKINTEREST392.7000.46110
13,502.13 Total For Check 18
Check 189047
287.81 INV928873811/01/21MARCO, INCMARCO/MITEL SUPPORT204.6314.43210
287.81 Total For Check 189047
Check 189116
185.02 6401438486-701/06/22CENTER POINT ENERGYGAS408.6414.43830
185.02 Total For Check 189116
Check 189134
3,100.00 01042201/04/22MAHLMANN/DONNAFACADE IMPROVEMENT GRANT AGREEMENT 408.6411.44600
3,100.00 Total For Check 189134
Check 189151
60.43 99270980812/26/21POPP.COM INC122621 10013121 PHONE COMMDEV ADMIN204.6314.43210
6.36 99270647411/30/21POPP.COM INC113021-10010429 COM DEV ADMINISTRATION204.6314.43210
66.79 Total For Check 189151
Check 189178
475.00 6856312/15/21BOND TRUST SERVICES CORPFISCAL AGENT CHARGES372.7000.46200
475.00 Total For Check 189178
Check 189242
19,400.00 5140712/10/21VINCO, INC.COMMUNICATIONS TOWER408.9999.43050.2014
19,400.00 Total For Check 189242
Check 189245
32.44 094338101101/10/22XCEL ENERGY (N S P)ELECTRIC408.6414.43810
32.44 Total For Check 189245
Check 189260
200.00 2059301/14/22CENTER FOR ENERGY & ENVIRONMENTHOME ENERGY AUDIT204.6314.43050
200.00 Total For Check 189260
Check 189268
9,613.00 01102201/10/22COLUMBIA COURT TOWNHOMES2ND HALF 2021 TIF PAYMENT R8389.7000.44600
9,613.00 Total For Check 189268
Check 189269
335,390.74 01102201/10/22COLUMBIA HEIGHTS LEASED2ND HALF 2021 TIF T6372.7000.44600
335,390.74 Total For Check 189269
Check 189270
115,629.95 01102201/10/22COLUMBIA HEIGHTS LEASED2ND HALF 2021 TIF PAYMENT Z6375.7000.44600
115,629.95 Total For Check 189270
Check 189271
14.30 13869311901/15/22COMCAST011522 934571297 COMM DEV ADMIN204.6314.43250
14.30 Total For Check 189271
Check 189273
20,761.00 01102201/10/22CREST VIEW ON 42ND2ND HALF 2021 TIF R8 CV389.7000.44600
20,761.00 Total For Check 189273
32
Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/3Page:02/15/2022 03:06 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 01/01/2022 - 01/31/2022
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
Check 189276
18,720.00 5712301/12/02DORGLASS INCREPLACE STAIRWELL DOORS AT PARKING RAMP420.6317.44000.1915
18,720.00 Total For Check 189276
Check 189293
1,094.50 160793.00-207/21/21LHB, INCTIF ANALYSIS 4300 CENTRAL AVENUE393.7000.43050
1,094.50 Total For Check 189293
Check 189324
1,523.18 094339509601/10/22XCEL ENERGY (N S P)ELECTRIC228.6317.43810
1,523.18 Total For Check 189324
Check 19
11,320.00 01182201/18/22STATE OF MINNESOTA MMBPER RESOLUTION 2021-53 AND RELATED APP204.0000.22000
11,320.00 Total For Check 19
Check 20
11,200.00 01272201/27/22REUTER WALTON DEVELOPMENTASSOCIATED WITH MMB CONDUIT DEBT REQUEST204.0000.22000
11,200.00 Total For Check 20
33
Item 2.
AmountInvoiceInvoice DateVendorInvoice Line DescGL Number
INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 3/3Page:02/15/2022 03:06 PM
User: suems
DB: Columbia Heights
EXP CHECK RUN DATES 01/01/2022 - 01/31/2022
BOTH JOURNALIZED AND UNJOURNALIZED
PAID
23,088.90 Fund 204 EDA ADMINISTRATION
1,523.18 Fund 228 DOWNTOWN PARKING
335,865.74 Fund 372 HUSET PARK AREA TIF (T6)
115,629.95 Fund 375 TIF Z6: 47TH & GRAND
30,374.00 Fund 389 TIF R8 CRESTV/TRANSITION BLK
13,502.13 Fund 392 TIF BB2 ALATUS 40TH AV
1,094.50 Fund 393 TIF ALATUS 4300 CENTRAL
22,717.46 Fund 408 EDA REDEVELOPMENT PROJECT FD
18,720.00 Fund 420 CAP IMPROVEMENT-DEVELOPMENT
Fund Totals:
18,720.00 REPLACE STAIRWELL DOORS AT PARKING RAMP420.6317.44000.1915
19,400.00 COMMUNICATIONS TOWER408.9999.43050.2014
185.02 GAS408.6414.43830
32.44 ELECTRIC408.6414.43810
3,100.00 FACADE IMPROVEMENT GRANT AGREEMENT 408.6411.44600
1,094.50 TIF ANALYSIS 4300 CENTRAL AVENUE393.7000.43050
13,502.13 INTEREST392.7000.46110
30,374.00 2ND HALF 2021 TIF PAYMENT R8389.7000.44600
115,629.95 2ND HALF 2021 TIF PAYMENT Z6375.7000.44600
475.00 FISCAL AGENT CHARGES372.7000.46200
335,390.74 2ND HALF 2021 TIF T6372.7000.44600
1,523.18 ELECTRIC228.6317.43810
14.30 011522 934571297 COMM DEV ADMIN204.6314.43250
354.60 MARCO/MITEL SUPPORT204.6314.43210
200.00 HOME ENERGY AUDIT204.6314.43050
22,520.00 ASSOCIATED WITH MMB CONDUIT DEBT REQUEST204.0000.22000
--- TOTALS BY GL DISTRIBUTION ---
562,515.86 Total For All Funds:
34
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
0.00 179,000.00 0.00 0.00 0.00 179,000.00 EDA CURRENT AD VALOREM204.0000.31011
0.00 76,500.00 0.00 0.00 0.00 76,500.00 AREA WIDE TAX204.0000.31014
0.00 255,500.00 0.00 0.00 0.00 255,500.00 TAXES
0.00 255,500.00 0.00 0.00 0.00 255,500.00 Total Dept 0000 - NON-DEPARTMENTAL
0.00 255,500.00 0.00 0.00 0.00 255,500.00 TOTAL REVENUES
Expenditures
Dept 6314 - ECONOMIC DEVELOPMENT AUTH
PERSONNEL SERVICES
3.80 150,420.36 5,939.64 5,939.64 0.00 156,360.00 REGULAR EMPLOYEES204.6314.41010
3.80 11,281.87 445.13 445.13 0.00 11,727.00 P.E.R.A. CONTRIBUTION204.6314.41210
4.18 11,434.62 498.38 498.38 0.00 11,933.00 F.I.C.A. CONTRIBUTION204.6314.41220
4.06 20,343.08 860.92 860.92 0.00 21,204.00 INSURANCE204.6314.41300
3.67 1,063.51 40.49 40.49 0.00 1,104.00 WORKERS COMP INSURANCE PREM204.6314.41510
0.00 5,800.00 0.00 0.00 0.00 5,800.00 COLA ALLOWANCE204.6314.41810
3.74 200,343.44 7,784.56 7,784.56 0.00 208,128.00 PERSONNEL SERVICES
SUPPLIES
0.00 500.00 0.00 0.00 0.00 500.00 OFFICE SUPPLIES204.6314.42000
0.00 500.00 0.00 0.00 0.00 500.00 MINOR EQUIPMENT204.6314.42010
0.00 1,700.00 0.00 0.00 0.00 1,700.00 END USER DEVICES204.6314.42011
0.00 100.00 0.00 0.00 0.00 100.00 GENERAL SUPPLIES204.6314.42171
0.00 100.00 0.00 0.00 0.00 100.00 FOOD SUPPLIES204.6314.42175
0.00 2,900.00 0.00 0.00 0.00 2,900.00 SUPPLIES
OTHER SERVICES & CHARGES
93.98 132.50 0.00 0.00 2,067.50 2,200.00 EXPERT & PROFESSIONAL SERV.204.6314.43050
0.00 1,000.00 0.00 0.00 0.00 1,000.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105
12.09 439.57 60.43 60.43 0.00 500.00 TELEPHONE204.6314.43210
0.00 500.00 0.00 0.00 0.00 500.00 POSTAGE204.6314.43220
7.15 185.70 14.30 14.30 0.00 200.00 OTHER TELECOMMUNICATIONS204.6314.43250
0.00 200.00 0.00 0.00 0.00 200.00 LOCAL TRAVEL EXPENSE204.6314.43310
0.00 500.00 0.00 0.00 0.00 500.00 LEGAL NOTICE PUBLISHING204.6314.43500
8.33 2,200.00 200.00 200.00 0.00 2,400.00 PROP & LIAB INSURANCE204.6314.43600
0.86 743.58 6.42 6.42 0.00 750.00 REPAIR & MAINT. SERVICES204.6314.44000
8.33 7,058.33 641.67 641.67 0.00 7,700.00 INFORMATION SYS:INTERNAL SVC204.6314.44040
0.00 250.00 0.00 0.00 0.00 250.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330
0.00 900.00 0.00 0.00 0.00 900.00 COMMISSION & BOARDS204.6314.44380
17.49 14,109.68 922.82 922.82 2,067.50 17,100.00 OTHER SERVICES & CHARGES
CONTINGENCIES & TRANSFERS
8.33 20,075.00 1,825.00 1,825.00 0.00 21,900.00 OPER. TRANSFER OUT - LABOR204.6314.47100
8.33 20,075.00 1,825.00 1,825.00 0.00 21,900.00 CONTINGENCIES & TRANSFERS
35
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 204 - EDA ADMINISTRATION
Expenditures
5.04 237,428.12 10,532.38 10,532.38 2,067.50 250,028.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH
5.04 237,428.12 10,532.38 10,532.38 2,067.50 250,028.00 TOTAL EXPENDITURES
230.26 18,071.88 (10,532.38)(10,532.38)(2,067.50)5,472.00 NET OF REVENUES & EXPENDITURES
5.04 237,428.12 10,532.38 10,532.38 2,067.50 250,028.00 TOTAL EXPENDITURES
0.00 255,500.00 0.00 0.00 0.00 255,500.00 TOTAL REVENUES
Fund 204 - EDA ADMINISTRATION:
36
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 228 - DOWNTOWN PARKING
Revenues
Dept 0000 - NON-DEPARTMENTAL
MISCELLANEOUS
16.67 26,000.00 5,200.00 5,200.00 0.00 31,200.00 NONDWELLING RENTS228.0000.36225
16.67 26,000.00 5,200.00 5,200.00 0.00 31,200.00 MISCELLANEOUS
TRANSFERS & NON-REV RECEIPTS
8.33 9,166.67 833.33 833.33 0.00 10,000.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247
8.33 9,166.67 833.33 833.33 0.00 10,000.00 TRANSFERS & NON-REV RECEIPTS
14.64 35,166.67 6,033.33 6,033.33 0.00 41,200.00 Total Dept 0000 - NON-DEPARTMENTAL
14.64 35,166.67 6,033.33 6,033.33 0.00 41,200.00 TOTAL REVENUES
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
8.33 7,425.00 675.00 675.00 0.00 8,100.00 PROP & LIAB INSURANCE228.6317.43600
100.00 (206.20)206.20 206.20 0.00 0.00 UTILITY SERVICES228.6317.43800
0.00 12,000.00 0.00 0.00 0.00 12,000.00 ELECTRIC228.6317.43810
0.00 500.00 0.00 0.00 0.00 500.00 WATER228.6317.43820
0.00 1,500.00 0.00 0.00 0.00 1,500.00 SEWER228.6317.43850
3.22 18,485.70 0.00 0.00 614.30 19,100.00 REPAIR & MAINT. SERVICES228.6317.44000
3.63 39,704.50 881.20 881.20 614.30 41,200.00 OTHER SERVICES & CHARGES
3.63 39,704.50 881.20 881.20 614.30 41,200.00 Total Dept 6317 - DOWNTOWN PARKING
3.63 39,704.50 881.20 881.20 614.30 41,200.00 TOTAL EXPENDITURES
100.00 (4,537.83)5,152.13 5,152.13 (614.30)0.00 NET OF REVENUES & EXPENDITURES
3.63 39,704.50 881.20 881.20 614.30 41,200.00 TOTAL EXPENDITURES
14.64 35,166.67 6,033.33 6,033.33 0.00 41,200.00 TOTAL REVENUES
Fund 228 - DOWNTOWN PARKING:
37
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 372 - HUSET PARK AREA TIF (T6)
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
0.00 190,000.00 0.00 0.00 0.00 190,000.00 CURRENT AD VALOREM372.0000.31010
0.00 190,000.00 0.00 0.00 0.00 190,000.00 TAXES
0.00 190,000.00 0.00 0.00 0.00 190,000.00 Total Dept 0000 - NON-DEPARTMENTAL
0.00 190,000.00 0.00 0.00 0.00 190,000.00 TOTAL REVENUES
Expenditures
Dept 7000 - BONDS
OTHER FINANCING USES
0.00 135,000.00 0.00 0.00 0.00 135,000.00 PRINCIPAL372.7000.46010
0.00 57,300.00 0.00 0.00 0.00 57,300.00 INTEREST372.7000.46110
47.50 525.00 475.00 475.00 0.00 1,000.00 FISCAL AGENT CHARGES372.7000.46200
0.25 192,825.00 475.00 475.00 0.00 193,300.00 OTHER FINANCING USES
0.25 192,825.00 475.00 475.00 0.00 193,300.00 Total Dept 7000 - BONDS
0.25 192,825.00 475.00 475.00 0.00 193,300.00 TOTAL EXPENDITURES
14.39 (2,825.00)(475.00)(475.00)0.00 (3,300.00)NET OF REVENUES & EXPENDITURES
0.25 192,825.00 475.00 475.00 0.00 193,300.00 TOTAL EXPENDITURES
0.00 190,000.00 0.00 0.00 0.00 190,000.00 TOTAL REVENUES
Fund 372 - HUSET PARK AREA TIF (T6):
38
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 392 - TIF BB2 ALATUS 40TH AV
Expenditures
Dept 7000 - BONDS
OTHER FINANCING USES
100.00 (13,502.13)13,502.13 13,502.13 0.00 0.00 INTEREST392.7000.46110
100.00 (13,502.13)13,502.13 13,502.13 0.00 0.00 OTHER FINANCING USES
100.00 (13,502.13)13,502.13 13,502.13 0.00 0.00 Total Dept 7000 - BONDS
100.00 (13,502.13)13,502.13 13,502.13 0.00 0.00 TOTAL EXPENDITURES
100.00 13,502.13 (13,502.13)(13,502.13)0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 (13,502.13)13,502.13 13,502.13 0.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 392 - TIF BB2 ALATUS 40TH AV:
39
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 408 - EDA REDEVELOPMENT PROJECT FD
Revenues
Dept 0000 - NON-DEPARTMENTAL
TAXES
0.00 235,000.00 0.00 0.00 0.00 235,000.00 HRA CURRENT AD VALOREM408.0000.31012
0.00 75,000.00 0.00 0.00 0.00 75,000.00 AREA WIDE TAX408.0000.31014
0.00 310,000.00 0.00 0.00 0.00 310,000.00 TAXES
0.00 310,000.00 0.00 0.00 0.00 310,000.00 Total Dept 0000 - NON-DEPARTMENTAL
0.00 310,000.00 0.00 0.00 0.00 310,000.00 TOTAL REVENUES
Expenditures
Dept 6414 - COMMERCIAL REVITALIZATION
OTHER SERVICES & CHARGES
0.00 50,000.00 0.00 0.00 0.00 50,000.00 LOANS & GRANTS408.6414.44600
0.00 50,000.00 0.00 0.00 0.00 50,000.00 OTHER SERVICES & CHARGES
CAPITAL OUTLAY
0.00 200,000.00 0.00 0.00 0.00 200,000.00 LAND408.6414.45110
0.00 200,000.00 0.00 0.00 0.00 200,000.00 CAPITAL OUTLAY
0.00 250,000.00 0.00 0.00 0.00 250,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION
0.00 250,000.00 0.00 0.00 0.00 250,000.00 TOTAL EXPENDITURES
0.00 60,000.00 0.00 0.00 0.00 60,000.00 NET OF REVENUES & EXPENDITURES
0.00 250,000.00 0.00 0.00 0.00 250,000.00 TOTAL EXPENDITURES
0.00 310,000.00 0.00 0.00 0.00 310,000.00 TOTAL REVENUES
Fund 408 - EDA REDEVELOPMENT PROJECT FD:
40
Item 2.
REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/7Page:02/15/2022 03:07 PM
User: suems
DB: Columbia Heights PERIOD ENDING 01/31/2022
% BDGT
USED
UNENCUMBERED
BALANCE
YTD BALANCE
01/31/2022
ACTIVITY FOR
MONTH
01/31/22
ENCUMBERED
YEAR-TO-DATE
2022
AMENDED BUDGETDESCRIPTIONGL NUMBER
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT
Expenditures
Dept 6317 - DOWNTOWN PARKING
OTHER SERVICES & CHARGES
100.00 (107,175.00)18,720.00 18,720.00 88,455.00 0.00 REPAIR & MAINT. SERVICES420.6317.44000.1915
100.00 (107,175.00)18,720.00 18,720.00 88,455.00 0.00 OTHER SERVICES & CHARGES
100.00 (107,175.00)18,720.00 18,720.00 88,455.00 0.00 Total Dept 6317 - DOWNTOWN PARKING
100.00 (107,175.00)18,720.00 18,720.00 88,455.00 0.00 TOTAL EXPENDITURES
100.00 107,175.00 (18,720.00)(18,720.00)(88,455.00)0.00 NET OF REVENUES & EXPENDITURES
100.00 (107,175.00)18,720.00 18,720.00 88,455.00 0.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 420 - CAP IMPROVEMENT-DEVELOPMENT:
207.83 191,386.18 (38,077.38)(38,077.38)(91,136.80)62,172.00 NET OF REVENUES & EXPENDITURES
18.41 599,280.49 44,110.71 44,110.71 91,136.80 734,528.00 TOTAL EXPENDITURES - ALL FUNDS
0.76 790,666.67 6,033.33 6,033.33 0.00 796,700.00 TOTAL REVENUES - ALL FUNDS
41
Item 2.
ECONOMIC DEVELOPMENT AUTHORITY
AGENDA SECTION BUSINESS ITEM
MEETING DATE MARCH 7, 2022
ITEM: Establishment of the 42nd and Jackson Tax Increment Financing District
DEPARTMENT: Community Development BY/DATE: Aaron Chirpich – 3/2/22
BACKGROUND:
Reuter Walton Development has requested public financial assistance in the form of tax increment financing
(TIF) to facilitate the redevelopment t of the City’s vacant development site located north of and contiguous
with the Public Safety campus. Reuter Walton has received approval from the City to construct a 62-unit
affordable apartment community on the property.
Before the EDA can move to establish a TIF district for the Reuter Walton project, the EDA must amend the TIF
Plan and district boundaries of TIF district No.9. TIF district No. 9 was created in 2000 to facilitate the
development of the Columbia Court Townhomes and Crestview Senior Living projects that are located just to
the south, and east of the City’s vacant development site. At the time of the creation of TIF district No. 9, the
City’s Public Safety site, including the vacant portion being redeveloped by Reuter Walton, was included in the
district boundaries. When TIF district No.9 was established, the City did not have plans to build the Public
Safety campus on the site. Therefore, it was included in the district as a future private redevelopment site.
Before creating a new TIF district for Reuter Walton, the Public Safety parcel , which currently includes the
vacant development site, needs to be removed from TIF district No.9.
To finalize the plans for the new Reuter Walton TIF district, there are several details still being discussed and
reviewed between staff, the EDA’s public financing consultant Ehlers, and Reuter Walton to verify the full
extent of TIF assistance needed. The possible uses for which TIF is being considered include; land acquisition ,
site preparation, affordable housing, and utility related work. Within the City of Columbia Heights, the
Economic Development Authority is authorized to exercise Tax Increment Financing powers; however the EDA
may not exercise any TIF powers without approval of the City Council. Review and approval by the Council is
scheduled for a public hearing at the March 14th regular City Council meeting. Since the EDA is authorized to
exercise TIF powers, the EDA must make certain findings of fact that are detailed in the attached TIF plan
ahead of the Council’s consideration of the new district.
Previously, the EDA and Council established a redevelopment project designated as the Downtown Central
Business District Revitalization Plan. The revitalization plan has encouraged development and re development
throughout the City; however, modifications to the plan must be made to encompass the potential
development being proposed by Reuter Walton. The TIF Plan attached to this report is merely a planning
document that reflects the maximum potential of the proposed TIF district. The plan in no way constitutes the
terms, length, or dollar amount of the proposed TIF district. The term, length, and dollar amount will be part
of a separate document, called the Contract for Private Redevelopment. If the City Council approves the TIF
Plan at their March 14th public hearing, that contract will be considered by the EDA at a subsequent meeting.
The structure of the proposed TIF district and the general outline of the project being contemplated by Reuter
Walton are detailed in the TIF Plan. The project is comprised of a 62-unit income based affordable housing 42
Item 3.
Page 2
complex. The maximum duration of the TIF district is 26 years, and the estimated annual tax increment is
$71,868. Ehlers has completed the TIF Plan on behalf of the City and EDA, and a full copy of the plan is
attached to this report.
Before the 42nd and Jackson TIF district is established, the EDA will incur certain administrative costs related
to the creation of the district. These costs are eligible to be paid (reimbursed) with tax increments generated
by the district. To ensure repayment of these costs, the EDA must approve an interfund loan as part of the
project. This interfund loan will allow the EDA to temporarily finance upfront administrative costs with current
EDA fund reserves. Ehlers has recommended setting this loan amount at $50,000.
Before the EDA there are three (3) resolutions for consideration. Resolution 2022-05, a resolution approving
the removal of a parcel from TIF District No.9, Resolution 2022 -06, a resolution modifying the downtown
revitalization plan, establishing the 42nd and Jackson TIF district, and adopting the TIF plan; and Resolution
2022-07, a resolution authorizing an interfund loan for the EDA to be reimbursed for qualified costs from the
TIF District.
RECOMMENDED MOTION(S):
MOTION: Move to waive the reading of Resolution 2022-05, there being ample copies available to the public.
MOTION: Move to adopt Resolution 2022-05, a resolution approving the removal of a parcel from tax
increment financing district NO.9 within the downtown central business district redevel opment project.
MOTION: Move to waive the reading of Resolution 2022-06, there being ample copies available to the public.
MOTION: Move to adopt Resolution 2022-06, a resolution adopting a modification to the downtown central
business district revitalization plan for the downtown central business redevelopment project, establishing
the 42nd and Jackson tax increment financing district therein, and adopting a tax increment financing plan
therefor.
MOTION: Move to waive the reading of Resolution 2022-07, there being ample copies available to the public.
MOTION: Move to adopt Resolution 2022-07, a resolution authorizing an interfund loan for the advance of
certain costs in connection with the 42 nd and Jackson tax increment financing district.
ATTACHMENT(S):
Resolution 2022-05
Resolution 2022-06
Resolution 2022-07
Site Map
42nd and Jackson TIF District Plan
43
Item 3.
CL205-11-781108.v1
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2022-05
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 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 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.
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. 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 469.175, 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.
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.
44
Item 3.
2
CL205-11-781108.v1
Approved this 7th day of March, 2022, by the Board of Commissioners of the Columbia Heights
Economic Development Authority.
President
ATTEST:
Secretary
45
Item 3.
A-1
CL205-11-781108.v1
EXHIBIT A
LEGAL DESCRIPTION OF PARCEL
Lot 1, Block 1, Northwestern 2nd Addition, County of Anoka, State of Minnesota
46
Item 3.
CL205-81-781098.v1
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2022-06
RESOLUTION ADOPTING A MODIFICATION TO THE
DOWNTOWN CENTRAL BUSINESS DISTRICT
REVITALIZATION PLAN FOR THE DOWNTOWN CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT,
ESTABLISHING THE 42ND AND JACKSON TAX INCREMENT
FINANCING DISTRICT THEREIN, AND ADOPTING A TAX
INCREMENT FINANCING PLAN THEREFOR
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 Central Business District Revitalization Plan (the “Revitalization Plan”) for the
Downtown Central Business District Redevelopment Project (the “Redevelopment Project”) within the
City, pursuant to Minnesota Statutes, Sections 469.001 through 469.047, as amended, and Minnesota
Statutes, Sections 469.090 through 469.1082, 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 42nd and
Jackson Tax Increment Financing District (the “TIF District”), a housing 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 part
of the area to be included in the TIF District at least thirty (30) days before the publ ication 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 Manager of Property Records and Taxation,
as County Auditor, of the County (the “County Auditor”) at least thirty (30) days before the date of the
public hearing.
1.05. On March 14, 2022, 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.
47
Item 3.
2
CL205-81-781098.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 County 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
certify the original net tax capacity of the TIF District, as described in the TIF Plan, and t o certify 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 specify, 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 staff, 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 7th day of March, 2022, by the Board of Commissioners of the Columbia Heights
Economic Development Authority.
President
ATTEST:
Secretary
48
Item 3.
CL205-81-781100.v1
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2022-07
RESOLUTION AUTHORIZING AN INTERFUND LOAN FOR
ADVANCE OF CERTAIN COSTS IN CONNECTION WITH THE
42ND AND JACKSON TAX INCREMENT FINANCING DISTRICT
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. On the date hereof, the Board approved the establishment, contingent upon the approval by
the City of Columbia Heights, Minnesota (the “City”), of the 42nd and Jackson Tax Increment Financing
District (the “TIF District”), a housing district within the Downtown Central Business District
Redevelopment Project (the “Redevelopment Project”), pursuant to Minnesota Statutes, Sections 469.001
through 469.047, as amended, Minnesota Statutes, Sections 469.090 through 469.1082, as amended, and
Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the “TIF Act”), and adopted a
modification to the Downtown Central Business District Revitalization Plan (the “Revitalization Plan”)
and a Tax Increment Financing Plan for the purpose of financing certain improvements within the
Redevelopment Project (the “TIF Plan”). On March 14, 2022, the City Council of the City will conduct a
public hearing on the modification to the Revitalization Plan and the TIF Plan.
1.02. The Authority may incur certain costs related to the TIF District, which costs may be
financed on a temporary basis from legally available funds of the Authority or the City.
1.03. Under Section 469.178, subdivision 7 of the TIF Act, the Authority is authorized to
advance or loan money from any fund from which such advances may be legally made in order to finance
expenditures that are eligible to be paid with tax increments under the TIF Act.
1.04. The Authority expects to incur costs related to the proposed TIF District, including
administrative expenses (the “Qualified Costs”), using Authority or City funds legally authorized for such
purpose, and to reimburse such funds from tax increments from the TIF District when received.
1.05. The Authority intends to designate such advances as an interfund loan in accordance with
the terms of this resolution and the TIF Act.
Section 2. Interfund Loan.
2.01. The Authority hereby authorizes the advance of up to $50,000 in legally available
Authority or City funds, including but not limited to the Economic Development Fund, to pay the
Qualified Costs, together with interest at the rate of 4% per annum (the “Interfund Loan”). Interest shall
accrue on the principal amount of each advance from the date of such advance. The interest rate is no
more than the greatest of the rate specified under Minnesota Statutes, Section 270C.40 and Section
549.09, both in effect for calendar year 2022, and will not be adjusted.
2.02. Principal and interest (the “Payments”) on the Interfund Loan shall be paid semiannually
on each August 1 and February 1 (each a “Payment Date”), commencing on the first Payment Date on
49
Item 3.
2
CL205-81-781100.v1
which the Authority receives Available Tax Increment (defined below), or on any other dates determined
by the Executive Director, through the date of last receipt of tax increment from the TIF District.
2.03. Payments on the Interfund Loan will be made solely from Available Tax Increment,
defined as tax increment from the TIF District received by the Authority from Anoka County, Minnesota
in the six-month period before any Payment Date. Payments shall be applied first to accrued interest, and
then to unpaid principal. Payments on the Interfund Loan may be subordinated to any outstanding or
future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on a
parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax
Increment.
2.04. The principal sum and all accrued interest payable under this Interfund Loan are prepayable
in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall
affect the amount or timing of any other regular payment otherwise required to be made under this
Interfund Loan.
2.05. This resolution is evidence of an internal borrowing by the Authority in accordance with
Section 469.178, subdivision 7 of the TIF Act, and is a limited obligation payable solely from Available
Tax Increment pledged to the payment hereof under this resolution. The Interfund Loan shall not be
deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof,
including, without limitation, the Authority and the City. Neither the State of Minnesota, nor any
political subdivision thereof shall be obligated to pay the principal of or interest on the Interfund Loan or
other costs incident hereto except out of Available Tax Increment. The Authority shall have no obligation
to pay any principal amount of the Interfund Loan or accrued interest thereon, which may remain unpaid
after the final Payment Date.
2.06. The Authority may at any time make a determination to forgive the outstanding principal
amount and accrued interest on the Interfund Loan to the extent permissible under law.
2.07. The Authority may from time to time amend the terms of this resolution to the extent
permitted by law, including without limitation amendment to the payment schedule and the interest rate;
provided that the interest rate may not be increased above the maximum specified in Section 469.178.
subdivision 7 of the TIF Act.
Section 3. Effective Date. This resolution is effective upon the date of its approval.
Approved this 7th day of March, 2022, by the Board of Commissioners of the Columbia Heights
Economic Development Authority.
President
ATTEST:
Secretary
50
Item 3.
51
Item 3.
Adoption Date: March 14, 2022
Columbia Heights Economic
Development Authority
City of Columbia Heights,
Anoka County, Minnesota
MODIFICATION TO THE
Downtown Central Business District
Revitalization Plan
For the Downtown Central Business District
Redevelopment Project
&
Tax Increment Financing (TIF) Plan
Establishment of 42nd and Jackson
Tax Increment Financing District
(a housing district)
BUILDING COMMUNITIES. IT’S WHAT WE DO.
Prepared by:
Ehlers
3060 Centre Pointe Drive
Roseville, Minnesota 55113
52
Item 3.
TABLE OF CONTENTS
Modification to the Downtown Central Business District Revitalization Plan
for the Downtown Central Business District Redevelopment Project 1
FOREWORD 1
Tax Increment Financing Plan for the 42nd and Jackson Tax Increment
Financing District (Reuter Walton) 2
FOREWORD 2
STATUTORY AUTHORITY 2
STATEMENT OF OBJECTIVES 2
DOWNTOWN CENTRAL BUSINESS DISTRICT REVITALIZATION PLAN
OVERVIEW 3
DESCRIPTION OF PROPERTY IN THE DISTRICT AND PROPERTY TO BE
ACQUIRED 3
DISTRICT CLASSIFICATION 4
DURATION & FIRST YEAR OF DISTRICT’S TAX INCREMENT 4
ORIGINAL TAX CAPACITY, TAX RATE & ESTIMATED CAPTURED NET TAX
CAPACITY VALUE/INCREMENT & NOTIFICATION OF PRIOR PLANNED
IMPROVEMENTS 5
SOURCES OF REVENUE/BONDS TO BE ISSUED 6
USES OF FUNDS 7
FISCAL DISPARITIES ELECTION 8
ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS 8
SUPPORTING DOCUMENTATION 11
DISTRICT ADMINISTRATION 11
Appendix A: Map of the Downtown Central Business Distirct
Redevelopment Project and the TIF District 12
Appendix B: Estimated Cash Flow for the District 13
Appendix C: Findings Including But/For Qualifications 14
53
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 1
Modification to the Downtown Central Business District
Revitalization Plan for the Downtown Central Business
District Redevelopment Project
FOREWORD
The following text represents a Modification to the Downtown Central
Busincess District Revitalization Plan for Downtown Central Business District
Redevelopment Project. From and after the date of adoption of this
modification, the names of the plan and project are the “Downtown Central
Business District Revitalization Plan” and the “Downtown Central Business
District Redevelopment Project”. This modification represents a continuation
of the goals and objectives set forth in the Downtown Central Business
District Revitalization Plan for the Downtown Central Business District
Redevelopment Project. Generally, the substantive changes include the
establishment of the 42nd and Jackson Tax Increment Financing District
(Reuter Walton).
For further information, a review of the Downtown Central Business District
Revitalization Plan for the Downtown Central Business District
Redevelopment Project, is recommended. It is available from the Community
Development Director at the City of Columbia Heights. Other relevant
information is contained in the Tax Increment Financing Plans for the Tax
Increment Financing Districts located within Downtown Central Business
District Redevelopment Project.
54
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 2
Tax Increment Financing Plan for the 42nd and Jackson
Tax Increment Financing District (Reuter Walton)
FOREWORD
The Columbia Heights Economic Development Authority (the "EDA"), the City
of Columbia Heights (the "City"), staff and consultants have prepared the
following information to expedite the Establishment of the 42nd and Jackson
Tax Increment Financing District (the "District"), a housing tax increment
financing district, located in the Downtown Central Business Distirct
Redevelopment Project.
STATUTORY AUTHORITY
Within the City, there exist areas where public involvement is necessary to
cause development or redevelopment to occur. To this end, the EDA and City
have certain statutory powers pursuant to Minnesota Statutes ("M.S."),
Sections 469.090 - 469.1082, inclusive, as amended, and M.S., Sections
469.174 to 469.1794, inclusive, as amended (the "Tax Increment Financing
Act" or "TIF Act"), to assist in financing public costs related to this project.
This section contains the Tax Increment Financing Plan (the "TIF Plan") for the
District. Other relevant information is contained in the Modification to the
Downtown Central Business District Revitalization Plan for the Downtown
Central Business District Redevelopment Project.
STATEMENT OF OBJECTIVES
The District will consist of one (1) parcel of land and adjacent roads and
internal rights-of-way after the parcel subdivision is completed. The District is
being created to facilitate the construction of a 62-unit residential apartment
building in the City. The EDA intends to enter into an agreement with Reuter
Walton as the developer. Development is anticipated to begin in the summer
of 2022. This TIF Plan is expected to achieve many of the objectives outlined
in the Downtown CBD Revitalization Plan for the Downtown Central Business
District Redevelopment Project.
The activities contemplated in the Modification to the Downtown Central
Business District Revitalization Plan and the TIF Plan do not preclude the
undertaking of other qualified development or redevelopment activities.
These activities are anticipated to occur over the life of the Downtown Central
Business District Redevelopment Project and the District.
55
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 3
DOWNTOWN CENTRAL BUSINESS DISTRICT REVITALIZATION
PLAN OVERVIEW
Pursuant to the Downtown Central Business District Revitalization Plan and
authorizing state statutes, the EDA or City is authorized to undertake the
following activities in the District:
1. Property to be Acquired - The City currently owns the parcel of
land to be subdivided and included within the District.
2. Relocation - Relocation services, to the extent required by law,
are available pursuant to M.S., Chapter 117 and other relevant state
and federal laws.
3. Upon approval of a developer's plan relating to the project and
completion of the necessary legal requirements, the City may sell
to a developer the subdivided land to be included within the
District or may lease land or facilities to a developer.
4. The EDA or City may perform or provide for some or all necessary
acquisition, construction, relocation, demolition, and required
utilities and public street work within the District.
DESCRIPTION OF PROPERTY IN THE DISTRICT AND PROPERTY
TO BE ACQUIRED
The District encompasses a portion of parcel number 35-30-24-14-0151. This
portion along with adjacent roads rights-of-way and abutting roadways
identified by the parcel listed below.
Parcel number Address Owner
35-30-24-14-0151* 825 41st Ave NE City of CH
*Parcel will be subdivided into three parcels, one of which will be located within the District.
In addition, the parcel listed above is currently located within TIF District No.
9 (Transition Block Redevelopment Project – Crest View/Real Estate Equities
Project). It will be removed from this district prior to establishment of the
42nd and Jackson TIF District (Reuter Walton), and thereafter subdivided into
three parcels, one of which will be located in the District.
Please also see the map in Appendix A for further information on the location
of the District.
56
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 4
The EDA or City may acquire any parcel within the District including interior
and adjacent street rights of way. Any properties identified for acquisition
will be acquired by the EDA or City only in order to accomplish one or more
of the following: storm sewer improvements; provide land for needed public
streets, utilities and facilities; carry out land acquisition, site improvements,
clearance and/or development to accomplish the uses and objectives set
forth in this plan. The EDA or City may acquire property by gift, dedication,
condemnation or direct purchase from willing sellers in order to achieve the
objectives of this TIF Plan. Such acquisitions will be undertaken only when
there is assurance of funding to finance the acquisition and related costs.
The City currently owns the parcel of property to be included in the District.
DISTRICT CLASSIFICATION
The EDA and City, in determining the need to create a tax increment financing
district in accordance with M.S., Sections 469.174 to 469.1794, as amended,
inclusive, find that the District, to be established, is a housing district pursuant
to M.S., Section 469.174, Subd. 11 and M.S., Section 469.1761.
$ The District will consist of one (1) parcel
$ The development will consist of 62 units of multi-family rental housing
$ At least 40% of the units will be occupied by persons with incomes of 60%
or less of area median income
$ No more that 20 percent of the square footage of the building that is
receiving assistance from tax increment consists of commercial, retail or
other non-residential uses.
Pursuant to M.S., Section 469.176, Subd. 7, the District does not contain any
parcel or part of a parcel that qualified under the provisions of M.S., Sections
273.111, 273.112, or 273.114 or Chapter 473H for taxes payable in any of the five
calendar years before the filing of the request for certification of the District.
DURATION & FIRST YEAR OF DISTRICT’S TAX INCREMENT
Pursuant to M.S., Section 469.175, Subd. 1, and Section 469.176, Subd. 1, the
duration and first year of tax increment of the District must be indicated
within the TIF Plan. Pursuant to M.S., Section 469.176, Subd. 1b., the duration
of the District will be 25 years after receipt of the first increment by the EDA
(a total of 26 years of tax increment). The EDA elects to receive the first tax
increment in 2024, which is no later than four years following the year of
approval of the District.
57
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 5
Thus, it is estimated that the District, including any modifications of the TIF
Plan for subsequent phases or other changes, would terminate after 2049, or
when the TIF Plan is satisfied. The EDA reserves the right to decertify the
District prior to the legally required date.
ORIGINAL TAX CAPACITY, TAX RATE & ESTIMATED CAPTURED
NET TAX CAPACITY VALUE/INCREMENT & NOTIFICATION OF
PRIOR PLANNED IMPROVEMENTS
Pursuant to M.S., Section 469.174, Subd. 7 and M.S., Section 469.177, Subd. 1,
the Original Net Tax Capacity (ONTC) as certified for the District by June 30
will be based on the market values placed on the property by the assessor in
2021 for taxes payable 2022.
Pursuant to M.S., Section 469.177, Subds. 1 and 2, the County Auditor shall
certify in each year (beginning in the payment year 2024) the amount by
which the original value has increased or decreased as a result of:
1. Change in tax exempt status of property within the district and any
subdistrict;
2. Reduction or enlargement of the geographic boundaries of the district;
3. Change due to adjustments, negotiated or court-ordered abatements;
4. Change in the use of the property and classification;
5. Change in state law governing class rates; or
6. Change in previously issued building permits.
In any year in which the current Net Tax Capacity (NTC) value of the District
declines below the ONTC, no value will be captured and no tax increment will
be payable to the EDA.
The original local tax rate for the District will be the local tax rate for taxes
payable 2022, assuming the request for certification is made before June 30,
2022). The ONTC and the Original Local Tax Rate for the District appear in
the table below.
Pursuant to M.S., Section 469.174 Subd. 4 and M.S., Section 469.177, Subd. 1, 2,
and 4, the estimated Captured Net Tax Capacity (CTC) of the District, within
the Downtown Central Business District Redevelopment Project, upon
completion of the project within the District, will be in the annual approximate
amount shown in the table below. The EDA requests 100 percent of the
available increase in tax capacity for repayment of its obligations and current
expenditures, beginning in the tax year payable 2024. The Project Tax
Capacity (PTC) listed is an estimate of values when the projects within the
District are completed.
58
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 6
Project estimated Tax Capacity upon completion 122,362
Original estimated Net Tax Capacity 5,250
Fiscal Disparities 0
Estimated Captured Tax Capacity 117,112
Original Local Tax Rate 126.6390%
Pay 2022
Prelim
Estimated Annual Tax Increment $148,310
Percent Retained by the City 100%
Project Tax Capacity
Note: Tax capacity includes a 3.0% inflation factor for the duration of the District. The tax capacity
included in this chart is the estimated tax capacity of the District in year 25. The tax capacity
of the District in year one is estimated to be $15,500.
Pursuant to M.S., Section 469.177, Subd. 4, the EDA shall, after a diligent
search, accompany its request for certification to the County Auditor or its
notice of the District enlargement pursuant to M.S., Section 469.175, Subd. 4,
with a listing of all properties within the District or area of enlargement for
which building permits have been issued during the eighteen (18) months
immediately preceding approval of the TIF Plan by the municipality pursuant
to M.S., Section 469.175, Subd. 3. The County Auditor shall increase the
original net tax capacity of the District by the net tax capacity of
improvements for which a building permit was issued.
The EDA has reviewed the area to be included in the District and determined
no building permits have been issued during the 18 months immediately
preceding approval of the TIF Plan by the City.
SOURCES OF REVENUE/BONDS TO BE ISSUED
The total estimated tax increment revenues for the District are shown in the
table below:
SOURCES
Tax Increment 2,599,298$
Interest 259,930
TOTAL 2,859,228$
59
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 7
The costs outlined in the Uses of Funds will be financed primarily through the
annual collection of tax increments. The EDA reserves the right to incur
bonds or other indebtedness as a result of the TIF Plan. As presently
proposed, the projects within the District will be financed by pay-as-you-go
notes and interfund loans. Any refunding amounts will be deemed a
budgeted cost without a formal TIF Plan Modification. This provision does not
obligate the EDA to incur debt. The EDA will issue bonds or incur other debt
only upon the determination that such action is in the best interest of the City.
The EDA or City may issue bonds (as defined in the TIF Act) secured in whole
or in part with tax increments from the District in a maximum principal
amount of $2,010,851. Such bonds may be in the form of pay-as-you-go
notes, revenue bonds or notes, general obligation bonds, or interfund loans.
This estimate of total bonded indebtedness is a cumulative statement of
authority under this TIF Plan as of the date of approval.
USES OF FUNDS
Currently under consideration for the District is a proposal to facilitate the
construction of a 62-unit residential apartment building. The EDA and City
have determined that it will be necessary to provide assistance to the project
for certain District costs, as described.
The EDA has studied the feasibility of the development or redevelopment of
property in and around the District. To facilitate the establishment and
development or redevelopment of the District, this TIF Plan authorizes the use
of tax increment financing to pay for the cost of certain eligible expenses.
The estimate of public costs and uses of funds associated with the District is
outlined in the following table.
USES
Land/Building Acquisition 150,000$
Site Improvements/Preparation 100,000
Affordable Housing 200,000
Utilities 1,250,000
Other Qualifying Improvements 50,921
Administrative Costs (up to 10%)259,930
PROJECT COSTS TOTAL 2,010,851$
Interest 848,377
PROJECT AND INTEREST COSTS TOTAL 2,859,228$
60
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 8
The total project cost, including financing costs (interest) listed in the table
above does not exceed the total projected tax increments for the District as
shown in the Sources of Revenue section.
Estimated costs associated with the District are subject to change among
categories without a modification to this TIF Plan. The cost of all activities to
be considered for tax increment financing will not exceed, without formal
modification, the budget above pursuant to the applicable statutory
requirements. The EDA may expend funds for qualified housing activities
outside of the District boundaries.
FISCAL DISPARITIES ELECTION
Pursuant to M.S., Section 469.177, Subd. 3, the EDA or City may elect one of
two methods to calculate fiscal disparities.
The EDA will choose to calculate fiscal disparities by clause b (inside).
ESTIMATED IMPACT ON OTHER TAXING JURISDICTIONS
The estimated impact on other taxing jurisdictions assumes that the
redevelopment contemplated by the TIF Plan would occur without the
creation of the District. However, the EDA has determined that such
development or redevelopment would not occur "but for" tax increment
financing and that, therefore, the fiscal impact on other taxing jurisdictions is
$0. The estimated fiscal impact of the District would be as follows if the "but
for" test was not met:
Entity
2021/Pay 2022
Total Net Tax
Capacity
Estimated
Captured Tax
Capacity
(CTC) upon
completion
Percent of
CTC to Entity
Total
Anoka County 410,733,169 117,112 0.0285%
City of Columbia Heights 16,309,127 117,112 0.7181%
ISD 13 (Columbia Heights)22,206,849 117,112 0.5274%
Impact on Tax Base
61
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 9
Entity
Pay 2022
Prelim.
Extension
Rate
Percent of
Total CTC Potential
Taxes
Anoka County 27.5730% 21.77% 117,112 $ 32,291
City of Columbia Heights 67.2230% 53.08% 117,112 78,726
ISD 13 (Columbia Heights)24.8920% 19.66% 117,112 29,152
Other 6.9510% 5.49% 117,112 8,140
126.6390% 100.00% $148,310
Impact on Tax Rates
The estimates listed above display the captured tax capacity when all
construction is completed. The tax rate used for calculations is the
Preliminary Pay 2022 rate. The total net capacity for the entities listed above
are based on Pay 2022 figures. The District will be certified under the Pay
2022 rates, which were unavailable at the time this TIF Plan was prepared.
Pursuant to M.S. Section 469.175 Subd. 2(b):
(1) Estimate of total tax increment. It is estimated that the total amount
of tax increment that will be generated over the life of the District is
$2,599,298;
(2) Probable impact of the District on city provided services and ability
to issue debt. An impact of the District on police protection is
expected. With any addition of new residents or businesses, police
calls for service will be increased. New developments add an
increase in traffic, and additional overall demands to the call load.
The City does not expect that the proposed development, in and of
itself, will necessitate new capital investment in vehicles or facilities.
The probable impact of the District on fire protection is not expected
to be significant. Typically, new buildings generate few calls, if any,
and are of superior construction. The City does not expect that the
proposed development, in and of itself, will necessitate new capital
investment in vehicles or facilities.
62
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 10
The District may impact the public infrastructure. The development
is not expected to significantly impact any traffic movements in the
area or the existing sanitary sewer and water infrastructure.
However, the EDA and City expect there to be an impact on storm
sewer infrastructure as a result of the proposed development. Based
on the development plans, there are no additional costs associated
with street maintenance, sweeping, plowing, lighting and sidewalks.
The probable impact of any District general obligation tax increment
bonds on the ability to issue debt for general fund purposes is
expected to be minimal. It is not anticipated that there will be any
general obligation debt issued in relation to this project, therefore
there will be no impact on the City's ability to issue future debt or on
the City's debt limit.
(3) Estimated amount of tax increment attributable to school district
levies. It is estimated that the amount of tax increments over the life
of the District that would be attributable to school district levies,
assuming the school district's share of the total local tax rate for all
taxing jurisdictions remained the same, is $510,915;
(4) Estimated amount of tax increment attributable to county levies. It is
estimated that the amount of tax increments over the life of the
District that would be attributable to county levies, assuming the
county's share of the total local tax rate for all taxing jurisdictions
remained the same, is $565,943;
(5) Additional information requested by the county or school district. The
EDA and City are not aware of any standard questions in a county or
school district written policy regarding tax increment districts and
impact on county or school district services. The county or school
district must request additional information pursuant to M.S. Section
469.175 Subd. 2(b) within 15 days after receipt of the tax increment
financing plan.
No requests for additional information from the county or school
district regarding the proposed development for the District have
been received.
63
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 11
SUPPORTING DOCUMENTATION
Pursuant to M.S. Section 469.175, Subd. 1 (a), clause 7 the TIF Plan must
contain identification and description of studies and analyses used to make
the determination set forth in M.S. Section 469.175, Subd. 3, clause (b)(2) and
the findings are required in the resolution approving the District.
(i) In making said determination, reliance has been placed upon (1)
written representation made by the developer to such effects, (2)
review of the developer’s proforma; and (3) City staff awareness of
the feasibility of developing the project site within the District, which
is further outlined in the City Council resolution approving the
establishment of the TIF District and Appendix C.
(ii) A comparative analysis of estimated market value both with and
without establishment of the TIF District and the use of tax
increments has been performed. Such analysis is included with the
cashflow in Appendix B and indicates that the increase in estimated
market value of the proposed development (less the indicated
subtractions) exceeds the estimated market value of the site absent
the establishment of the TIF District and the use of tax increments.
DISTRICT ADMINISTRATION
Administration of the District will be handled by the Community Development
Director.
64
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 12
Appendix A: Map of the Downtown Central Business Distirct
Redevelopment Project and the TIF District
65
Item 3.
42nd & Jackson Tax Increment Financing
District (Reuter Walton)
Downtown Central Business District (CBD)
City of Columbia Heights
Anoka County, Minnesota
44TH AVE NE
TIF Distirct
Municipal Boundaries
Parcels
Legend
UNIVERSITY AVE NE
The boundaries of the CBD Redevelopment Project are coterminous with the corporate limits of the City of Columbia Heights.
CENTRAL AVE NE
48TH AVE NE
R E S E R V O IR B L V D N E
40TH AVE NE
66
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 13
Appendix B: Estimated Cash Flow for the District
67
Item 3.
2/18/2022
42nd & Jackson TIF District (Reuter Walton)
City of Columbia Heights, MN
62-Unit Affordable Apartment
ASSUMPTIONS AND RATES
DistrictType:Housing
District Name/Number:
County District #:Exempt Class Rate (Exempt)0.00%
First Year Construction or Inflation on Value 2022 Commercial Industrial Preferred Class Rate (C/I Pref.)
Existing District - Specify No. Years Remaining First $150,000 1.50%
Inflation Rate - Every Year:3.00%Over $150,000 2.00%
Interest Rate:3.00%Commercial Industrial Class Rate (C/I)2.00%
Present Value Date:1-Aug-23 Rental Housing Class Rate (Rental)1.25%
First Period Ending 1-Feb-24 Affordable Rental Housing Class Rate (Aff. Rental)
Tax Year District was Certified:Pay 2022 First $100,000 0.75%
Cashflow Assumes First Tax Increment For Development:2024 Over $100,000 0.25%
Years of Tax Increment 26 Non-Homestead Residential (Non-H Res. 1 Unit)
Assumes Last Year of Tax Increment 2049 First $500,000 1.00%
Fiscal Disparities Election [Outside (A), Inside (B), or NA]Inside(B)Over $500,000 1.25%
Incremental or Total Fiscal Disparities Incremental Homestead Residential Class Rate (Hmstd. Res.)
Fiscal Disparities Contribution Ratio 33.1759%Pay 2022 Prelim First $500,000 1.00%
Fiscal Disparities Metro-Wide Tax Rate 132.5960%Pay 2022 Prelim Over $500,000 1.25%
Maximum/Frozen Local Tax Rate: 126.639%Pay 2022 Prelim Agricultural Non-Homestead 1.00%
Current Local Tax Rate: (Use lesser of Current or Max.)126.639%Pay 2022 Prelim
State-wide Tax Rate (Comm./Ind. only used for total taxes)37.0000%Pay 2022 Prelim
Market Value Tax Rate (Used for total taxes)0.10407%Pay 2022 Prelim
Building Total Percentage Tax Year Property Current Class After
Land Market Market Of Value Used Original Original Tax Original After Conversion
Map ID PID Owner Address Market Value Value Value for District Market Value Market Value Class Tax Capacity Conversion Orig. Tax Cap.
1 35-30-24-14-0151 City of CH 825 41st Ave NE 2,692,300 0 2,692,300 26%700,000 Pay 2022 Exempt - Aff. Rental 5,250 1
2,692,300 0 2,692,300 700,000 0 5,250
Note:
1. Base values are based upon estimate received from the County Assessor's office on 6-9-21.
2. Located in SD # 13 and Mississippi WS (UTA 14013I)
Area/
Phase
Tax Rates
BASE VALUE INFORMATION (Original Tax Capacity)
Prepared by Ehlers
68
Item 3.
2/18/2022
42nd & Jackson TIF District (Reuter Walton)
City of Columbia Heights, MN
62-Unit Affordable Apartment
Estimated Taxable Total Taxable Property Percentage Percentage Percentage Percentage First Year
Market Value Market Value Total Market Tax Project Project Tax Completed Completed Completed Completed Full Taxes
Area/Phase New Use Per Sq. Ft./Unit Per Sq. Ft./Unit Sq. Ft./Units Value Class Tax Capacity Capacity/Unit 2022 2023 2024 2025 Payable
1 Apartments 200,000 200,000 62 12,400,000 Aff. Rental 62,000 1,000 25%75%100%100%2026
TOTAL 12,400,000 62,000
Subtotal Residential 62 12,400,000 62,000
Subtotal Commercial/Ind.0 0 0
Note:
1. Market values are based upon estimates received from the County Assessor's office on 6-9-21.
Total Fiscal Local Local Fiscal State-wide Market
Tax Disparities Tax Property Disparities Property Value Total Taxes Per
New Use Capacity Tax Capacity Capacity Taxes Taxes Taxes Taxes Taxes Sq. Ft./Unit
Apartments 62,000 0 62,000 78,516 0 0 6,452 84,969 1,370.46
TOTAL 62,000 0 62,000 78,516 0 0 6,452 84,969
Note:
1. Taxes and tax increment will vary significantly from year to year depending upon values, rates, state law, fiscal disparities and other factors
which cannot be predicted.
Total Property Taxes 84,969 Current Market Value - Est.700,000
less State-wide Taxes 0 New Market Value - Est.12,400,000
less Fiscal Disp. Adj.0 Difference 11,700,000
less Market Value Taxes (6,452)Present Value of Tax Increment 1,662,642
less Base Value Taxes (6,649) Difference 10,037,358
Annual Gross TIF 71,868 Value likely to occur without Tax Increment is less than:10,037,358
WHAT IS EXCLUDED FROM TIF?MARKET VALUE BUT / FOR ANALYSIS
TAX CALCULATIONS
PROJECT INFORMATION (Project Tax Capacity)
Prepared by Ehlers
69
Item 3.
2/18/2022 Tax Increment Cashflow - Page 3
42nd & Jackson TIF District (Reuter Walton)
City of Columbia Heights, MN
62-Unit Affordable Apartment
TAX INCREMENT CASH FLOW
Project Original Fiscal Captured Local Annual Semi-Annual State Admin.Semi-Annual Semi-Annual PERIOD
% of Tax Tax Disparities Tax Tax Gross Tax Gross Tax Auditor at Net Tax Present ENDING Tax Payment
OTC Capacity Capacity Incremental Capacity Rate Increment Increment 0.36%10%Increment Value Yrs.Year Date
- - - - 02/01/24
100%15,500 (5,250) - 10,250 126.639%12,980 6,490 (23) (647) 5,820 5,649 0.5 2024 08/01/24
100%15,500 (5,250) - 10,250 126.639%12,980 6,490 (23) (647) 5,820 11,215 1 2024 02/01/25
100%46,500 (5,250) - 41,250 126.639%52,239 26,119 (94) (2,603) 23,423 33,284 1.5 2025 08/01/25
100%46,500 (5,250) - 41,250 126.639%52,239 26,119 (94) (2,603) 23,423 55,026 2 2025 02/01/26
100%62,000 (5,250) - 56,750 126.639%71,868 35,934 (129) (3,580) 32,224 84,497 2.5 2026 08/01/26
100%62,000 (5,250) - 56,750 126.639%71,868 35,934 (129) (3,580) 32,224 113,531 3 2026 02/01/27
100%63,860 (5,250) - 58,610 126.639%74,223 37,112 (134) (3,698) 33,280 143,074 3.5 2027 08/01/27
100%63,860 (5,250) - 58,610 126.639%74,223 37,112 (134) (3,698) 33,280 172,181 4 2027 02/01/28
100%65,776 (5,250) - 60,526 126.639%76,649 38,325 (138) (3,819) 34,368 201,795 4.5 2028 08/01/28
100%65,776 (5,250) - 60,526 126.639%76,649 38,325 (138) (3,819) 34,368 230,971 5 2028 02/01/29
100%67,749 (5,250) - 62,499 126.639%79,148 39,574 (142) (3,943) 35,488 260,653 5.5 2029 08/01/29
100%67,749 (5,250) - 62,499 126.639%79,148 39,574 (142) (3,943) 35,488 289,896 6 2029 02/01/30
100%69,782 (5,250) - 64,532 126.639%81,722 40,861 (147) (4,071) 36,643 319,645 6.5 2030 08/01/30
100%69,782 (5,250) - 64,532 126.639%81,722 40,861 (147) (4,071) 36,643 348,953 7 2030 02/01/31
100%71,875 (5,250) - 66,625 126.639%84,373 42,187 (152) (4,203) 37,831 378,766 7.5 2031 08/01/31
100%71,875 (5,250) - 66,625 126.639%84,373 42,187 (152) (4,203) 37,831 408,137 8 2031 02/01/32
100%74,031 (5,250) - 68,781 126.639%87,104 43,552 (157) (4,340) 39,056 438,011 8.5 2032 08/01/32
100%74,031 (5,250) - 68,781 126.639%87,104 43,552 (157) (4,340) 39,056 467,444 9 2032 02/01/33
100%76,252 (5,250) - 71,002 126.639%89,916 44,958 (162) (4,480) 40,317 497,378 9.5 2033 08/01/33
100%76,252 (5,250) - 71,002 126.639%89,916 44,958 (162) (4,480) 40,317 526,869 10 2033 02/01/34
100%78,540 (5,250) - 73,290 126.639%92,813 46,407 (167) (4,624) 41,616 556,861 10.5 2034 08/01/34
100%78,540 (5,250) - 73,290 126.639%92,813 46,407 (167) (4,624) 41,616 586,410 11 2034 02/01/35
100%80,896 (5,250) - 75,646 126.639%95,797 47,899 (172) (4,773) 42,954 616,458 11.5 2035 08/01/35
100%80,896 (5,250) - 75,646 126.639%95,797 47,899 (172) (4,773) 42,954 646,062 12 2035 02/01/36
100%83,323 (5,250) - 78,073 126.639%98,871 49,435 (178) (4,926) 44,332 676,164 12.5 2036 08/01/36
100%83,323 (5,250) - 78,073 126.639%98,871 49,435 (178) (4,926) 44,332 705,821 13 2036 02/01/37
100%85,822 (5,250) - 80,572 126.639%102,036 51,018 (184) (5,083) 45,751 735,976 13.5 2037 08/01/37
100%85,822 (5,250) - 80,572 126.639%102,036 51,018 (184) (5,083) 45,751 765,684 14 2037 02/01/38
100%88,397 (5,250) - 83,147 126.639%105,297 52,648 (190) (5,246) 47,213 795,889 14.5 2038 08/01/38
100%88,397 (5,250) - 83,147 126.639%105,297 52,648 (190) (5,246) 47,213 825,648 15 2038 02/01/39
100%91,049 (5,250) - 85,799 126.639%108,655 54,328 (196) (5,413) 48,719 855,902 15.5 2039 08/01/39
100%91,049 (5,250) - 85,799 126.639%108,655 54,328 (196) (5,413) 48,719 885,709 16 2039 02/01/40
100%93,781 (5,250) - 88,531 126.639%112,114 56,057 (202) (5,586) 50,270 916,010 16.5 2040 08/01/40
100%93,781 (5,250) - 88,531 126.639%112,114 56,057 (202) (5,586) 50,270 945,864 17 2040 02/01/41
100%96,594 (5,250) - 91,344 126.639%115,677 57,839 (208) (5,763) 51,867 976,211 17.5 2041 08/01/41
100%96,594 (5,250) - 91,344 126.639%115,677 57,839 (208) (5,763) 51,867 1,006,109 18 2041 02/01/42
100%99,492 (5,250) - 94,242 126.639%119,347 59,673 (215) (5,946) 53,513 1,036,501 18.5 2042 08/01/42
100%99,492 (5,250) - 94,242 126.639%119,347 59,673 (215) (5,946) 53,513 1,066,443 19 2042 02/01/43
100%102,477 (5,250) - 97,227 126.639%123,127 61,563 (222) (6,134) 55,208 1,096,877 19.5 2043 08/01/43
100%102,477 (5,250) - 97,227 126.639%123,127 61,563 (222) (6,134) 55,208 1,126,861 20 2043 02/01/44
100%105,551 (5,250) - 100,301 126.639%127,020 63,510 (229) (6,328) 56,953 1,157,336 20.5 2044 08/01/44
100%105,551 (5,250) - 100,301 126.639%127,020 63,510 (229) (6,328) 56,953 1,187,360 21 2044 02/01/45
100%108,717 (5,250) - 103,467 126.639%131,030 65,515 (236) (6,528) 58,751 1,217,875 21.5 2045 08/01/45
100%108,717 (5,250) - 103,467 126.639%131,030 65,515 (236) (6,528) 58,751 1,247,939 22 2045 02/01/46
100%111,979 (5,250) - 106,729 126.639%135,160 67,580 (243) (6,734) 60,603 1,278,492 22.5 2046 08/01/46
100%111,979 (5,250) - 106,729 126.639%135,160 67,580 (243) (6,734) 60,603 1,308,594 23 2046 02/01/47
100%115,338 (5,250) - 110,088 126.639%139,415 69,707 (251) (6,946) 62,511 1,339,185 23.5 2047 08/01/47
100%115,338 (5,250) - 110,088 126.639%139,415 69,707 (251) (6,946) 62,511 1,369,323 24 2047 02/01/48
100%118,798 (5,250) - 113,548 126.639%143,797 71,898 (259) (7,164) 64,476 1,399,949 24.5 2048 08/01/48
100%118,798 (5,250) - 113,548 126.639%143,797 71,898 (259) (7,164) 64,476 1,430,123 25 2048 02/01/49
100%122,362 (5,250) - 117,112 126.639%148,310 74,155 (267) (7,389) 66,499 1,460,783 25.5 2049 08/01/49
100%122,362 (5,250) - 117,112 126.639%148,310 74,155 (267) (7,389) 66,499 1,490,991 26 2049 02/01/50
Total 2,608,689 (9,391) (259,930) 2,339,368
Present Value From 08/01/2023 Present Value Rate 3.00%1,662,642 (5,986) (165,666) 1,490,991
Prepared by Ehlers & Associates, Inc. - Estimates Only N:\Minnsota\Columbia Heights\Housing - Economic - Redevelopment\TIF\TIF Districts\42nd & Jackson (Reuter Walton)\Cash flows\Cashflow 1-19-22
70
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 14
Appendix C: Findings Including But/For Qualifications
The reasons and facts supporting the findings for the adoption of the Tax
Increment Financing Plan for 42nd and Jackson Tax Increment Financing
District, as required pursuant to Minnesota Statutes, Section 469.175,
Subdivision 3 are as follows:
1. Finding that 42nd and Jackson Tax Increment Financing District is a
housing district as defined in M.S., Section 469.174, Subd. 11.
42nd and Jackson Tax Increment Financing District consists of one (1)
parcel. The development will consist of the construction of a 62-unit
residential apartment building, all or a portion of which will receive tax
increment assistance and will meet income restrictions described in M.S.
469.1761. At least 40 percent of the units receiving assistance will be
occupied by persons with incomes at or below 60 percent of area
median income.
2. Finding that the proposed development, in the opinion of the City
Council, would not reasonably be expected to occur solely through
private investment within the reasonably foreseeable future.
The proposed development, in the opinion of the City, would not
reasonably be expected to occur solely through private investment
within the reasonably foreseeable future: This finding is supported by
the fact that the development proposed in this plan is a housing district
that meets the City's objectives for development and redevelopment.
The cost of land acquisition, site and public improvements and utilities
makes this housing development infeasible without City assistance. Due
to decreased rental income from affordable units, there is insufficient
cash flow to provide a sufficient rate of return, pay operating expenses,
and service the debt. This leaves a gap in the funding for the project
and makes this housing development feasible only through assistance,
in part, from tax increment financing. The developer was asked for and
provided a letter and a proforma as justification that the developer
would not have gone forward without tax increment assistance.
The increased market value of the site that could reasonably be
expected to occur without the use of tax increment financing would be
less than the increase in market value estimated to result from the
proposed development after subtracting the present value of the
projected tax increments for the maximum duration of the TIF District
permitted by the TIF Plan: This finding is justified on the grounds that
the cost of land acquisition, site and public improvements, utilities and
71
Item 3.
Columbia Heights Economic Development Authority
42nd and Jackson Tax Increment Financing District (Reuter Walton) 15
construction of affordable housing add to the total development cost.
Historically, the costs of site and public improvements as well as
reduced rents required for affordable workforce housing in the City
have made development infeasible without tax increment assistance.
The City reasonably determines that no other development of similar
scope is anticipated on this site without substantially similar assistance
being provided to the development.
3. Finding that the TIF Plan for 42nd and Jackson Tax Increment Financing
District conforms to the general plan for the development or
redevelopment of the municipality as a whole.
The City Council reviewed the TIF Plan and found that the TIF Plan
conforms to the general development plan of the City.
4. Finding that the TIF Plan for 42nd and Jackson Tax Increment Financing
District will afford maximum opportunity, consistent with the sound
needs of the City as a whole, for the development or redevelopment of
Downtown Central Business Distict Redevelopment Project by private
enterprise.
Through the implementation of the TIF Plan, the City will provide an
impetus for residential development, which is desirable or necessary for
increased population and an increased need for life-cycle housing within
the City.
72
Item 3.