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HomeMy WebLinkAboutEDA Resolution No. 2023-22RESOLUTTON NO.2023-22 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET FOR THE FISCAT YEAR OF 2024 AND SETTING THE 2023 TAX LEVY, PAYABLE !N 2024. BE !T RESOLVED, by the Columbia Heights Economic Development Authority (the "EDA") as follows: WHEREAS, the City of Columbia Heights (the "City") established the EDA by an enabling resolution adopted on January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the "EDA Act"); and WHEREAS, the City Council of the City has given to the EDA the responsibility for all development and redevelopment projects and programs; and WHEREAS,underSection 469.L07 of theEDAAct,theCityisauthorizedtolevyataxforthebenefitof theEDA on its area of operation for the purposes authorized under the EDA Act, subject to the approval of the City Council; NOW, THEREFORE BE lT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic Development Authority, that the EDA adopts and requests the City Council's approval of its budget in the amount of 5313,700 for 2024; and BE lT FURTHER RESOLVED, that the EDA adopts and requests the City Council's approval of an EDA tax levy under Section 469.L07 of the EDA Act, in the amount of 5313,700 for taxes payable in 2024; and BE lT FURTHER RESOLVED, that the Executive Director is instructed to transmit a copy of this resolution to the City Manager, Finance Director, and City Clerk of the City of Columbia Heights, Minnesota. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 5th day of September,2023 Offered by: Seconded by m Ro| ca|: f/1/n} .Q, -/-0r-l/t/L/l,t ^ . Attest Secretary