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HomeMy WebLinkAbout09-05-2023 EDA Packet ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Tuesday, September 05, 2023 5:00 PM AGENDA ATTENDANCE INFORMATION FOR THE PUBLIC Members of the public who wish to attend may do so in-person, or via Microsoft Teams by entering meeting ID: 223 553 619 04, passcode: 4py4R7. For questions please call the Community Development Department at 763-706-3670. CALL TO ORDER/ROLL CALL PLEDGE OF ALLEGIANCE CONSENT AGENDA 1. Approve August 7, 2023, Regular EDA Meeting Minutes (pg. 3). 2. Approve Financial Reports and Payment of Bills of July 2023 (pg. 12). MOTION: Move to approve the Consent Agenda as presented. BUSINESS ITEMS 3. Adoption of the 2024 Budget and Authorization of the EDA and HRA Levies (pg. 30). MOTION: Move to waive the reading of Resolution 2023-22, there being ample copies available to the public. MOTION: Move to adopt Resolution 2023-22, a resolution of the Columbia Heights Economic Development Authority, adopting a budget for the fiscal year of 2024 and setting the 2023 tax levy, payable in 2024. MOTION: Move to waive the reading of Resolution 2023-23, there being ample copies available to the public. MOTION: Move to adopt Resolution 2023-23, a resolution of the Columbia Heights Economic Development Authority, adopting a budget for the fiscal year of 2024 and authorizing a special benefit tax levy, payable in 2024. 4. Purchase of 3951 and 3953 Central Avenue NE (pg. 37). MOTION: Move to waive the reading of Resolution 2023-24, there being ample copies available to the public. 1 City of Columbia Heights AGENDA September 05, 2023 Economic Development Authority Page 2 MOTION: Move to approve Resolution 2023-24, a resolution approving the purchase agreement between the Economic Development Authority of Columbia Heights, Minnesota, And Mph Central LLC, and establishing funding procedures for the purchase and demolition of the properties. 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. 2 ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Monday, August 07, 2023 5:00 PM MINUTES The meeting was called to order at 5:06 pm by Acting Chair James. CALL TO ORDER/ROLL CALL Members present: Connie Buesgens; Kt Jacobs; Rachel James; Amada Márquez-Simula; Justice Spriggs Not Present: Marlaine Szurek Staff Present: Kevin Hansen, Interim City Manager; Sara Ion, City Clerk; Mitchell Forney, Community Development Coordinator; Alicia Howe, Administrative Assistant PLEDGE OF ALLEGIANCE CONSENT AGENDA 1. Approve June 5, 2023, Regular EDA Meeting Minutes (pg. 3). 2. Approve Financial Reports and Payment of Bills of May and June 2023 (pg. 13). Motion by Jacobs, seconded by Buesgens, to approve the Consent Agenda as presented. All ayes of present. MOTION PASSED. RESOLUTION NO. 2023-18 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTHS OF MAY AND JUNE 2023 AND THE PAYMENT OF THE BILLS FOR THE MONTHS OF MAY AND JUNE 2023. 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 resolut ion in its records; and WHEREAS, the financial statements for the months of May and June 2023 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 3 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 2 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, financial 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 as part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 7th day of August, 2023 Offered by: Jacobs Seconded by: Buesgens Roll Call: All ayes of present. MOTION PASSED. Vice President Attest: Secretary BUSINESS ITEMS 3. Purchase of 941 44th Avenue NE, Purchase Agreement and Budget Amendment Approval (pg. 44). Forney reported that Staff are bringing forth, for consideration, the purchase of the property located at 941 44th Ave NE. Earlier this year Councilmember Buesgens reached out to community development staff regarding the passin g of the home’s previous owner. As the property is zoned general business, the acquisition of the property falls within the confines of the EDA’s Commercial Revitalization redevelopment program. Community Development Staff sent a letter to the premise and were able to set up a viewing with the estate of the previous owner. After negotiating with the estate, Staff settled on an offer of $200,000 dollars. The Commercial Revitalization redevelopment program allows Staff to negotiate and enter into a purchase agreement contingent on approval by the EDA. This gives Staff the ability to move quickly on strategically important properties. The house itself has just over 600 sq/ft of living space. The lot itself holds most of the value since it is in an important are a with the 4 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 3 redevelopment of 4300 Central Avenue underway. The corner of 44th and Central has a small contingent of owners, and by purchasing 941 44th the City will have more influence over future redevelopment efforts in this area. Community development st aff believe this property is a prime candidate for redevelopment due to its substandard condition and parcel location. Forney added that each year the EDA budgets $200,000 for the Commercial Revitalization redevelopment program. Since the purchase of 941 44th falls within the program, most of the purchase price is covered under this year’s budget. With that being said, a budget amendment is still needed. Resolution 2023-19 approves the purchase of the property while amending the 2023 budget to reflect the additional money needed to cover the acquisition and demolition of the property. The related project costs that are covered by the budget amendment are: closing costs, hazardous material abatement costs (asbestos and trash removal), and demolition costs (demolition, grading, and utility disconnects). Fund 408 has about $2.4 million available after accounting for the projected 2023 budget. This is more than sufficient to fund the project. As stated in the resolution, $57,700 will go to the related costs descr ibed above. Excess money will be returned to fund 408 after the demolition and grading has been complete. This resolution allocates money for and allows staff to purchase 941 44th. The EDA will be involved in approving all future aspects of the project. Questions/Comments from Members: James asked if the City has any plans for the property after demolition. Forney replied that Staff does not have any ideas and it would be up to the EDA to determine what they would like to see on the property. Márquez-Simula asked if Midas owned the property to the west. Forney stated that Midas owns the property. Spriggs asked what the timeline was for the demolition. Forney explained the goal is to complete it in the fall. Jacobs asked what will be done with the property. Forney replied that it would be empty green fields with grass and the demolition contractor would apply seed and blanket and Public Works would mow the lawn. Motion by Márquez-Simula, seconded by Buesgens, to waive the reading of Resolution No. 2023-19, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Márquez-Simula, seconded by Spriggs, to approve Resolution No. 2023-19, a Resolution of the Columbia Heights Economic Development Authority, approving the purchase agreement between the Economic Development Authority of Columbia Heights, Minnesota, and the estate of Pauline Shold, and amending the fund 408's budget for the fiscal year 2023. All ayes of present. MOTION PASSED. RESOLUTION NO. 2023-19 A RESOLUTION APPROVING THE PURCHASE AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, AND THE ESTATE OF PAULINE SHOLD 5 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 4 BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic Development Authority (the "Authority") as follows: SECTION 1. RECITALS. 1.01. The Authority and The Estate of Pauline Shold (“Seller”) desire to enter into a purchase agreement (the “Purchase Agreement”) pursuant to which the Authority will acquire certain property in the City located at 941 44th Avenue NE (the “Property”) from the Seller for economic redevelopment purposes. The Property is described in Exhibit A attached hereto. 1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Property from the Seller for a purchase price of $200,000 plus related closing costs. 1.03. The Authority finds that acquisition of the Property is consistent with the City’s Comprehensive Plan and will result in redevelopment of the substandard property located at 941 44th Ave NE. Such acquisition of this Property, for subsequent resale, best meets the community’s needs and will facilitate the economic redevelopment and revitalization of this area of the City. 1.04. The Authority also finds that this redevelopment project is consistent with the purpose of the Economic Development Authority Redevelopment Fund 408. The current 2023 budget for Economic Development Authority Redevelopment Fund 408 does not include this redevelopment project and must be amended as the property was not available on September 26, 2022, when the Authority adopted this budget. The available balance of the Economic Development Authority Redevelopment Fund 408, beyond that committed for the existing 2023 budget, is approximately $2.4 million, which is more than sufficient to fund the redevelopment project. SECTION 2. PURCHASE AGREEMENT AND BUDGETT AMENDMENT APPROVED. 2.01. The Authority hereby ratifies and approves the actions of Authority staff and of Kennedy Graven (“Legal Counsel”) in researching the Property and preparing and presenting the Purchase Agreement. The Authority approves the Purchase Agreement in the form presented to the Authority and on file at City Hall, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, pr ovided that execution of the Purchase Agreement by those officials shall be conclusive evidence of their approval. 2.02. The Authority herby amends the 2023 budget for Economic Development Authority Redevelopment Fund 408 to appropriate $57,700 for additional estimated project costs. 2.03. Authority staff and officials are authorized to take all actions necessary to perform the Authority’s obligations under the Purchase Agreement as a whole, including without limitation execution of any documents to which the Authority is a party referenced in or attached to the Purchase Agreement, and any deed or other documents necessary to acquire the Property from the Seller, all as described in the Purchase Agreement ORDER OF ECONOMIC DEVELOPMENT AUTHORITY 6 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 5 Passed this 7th day of August, 2023 Offered by: Márquez-Simula Seconded by: Spriggs Roll Call: All ayes of present. MOTION PASSED. Vice President Attest: Secretary 4. Façade Improvement Grant Report EZ Exchange, 4931 Central Avenue (pg. 60). Forney reported that the report pertains to EZ Exchange’s 2023 Façade Improvement Grant application for their new location at 4931 Central Ave NE. The check cashing business seeks to add a sign to their storefront and has obtained two bids, with the lowest being $6,311.53. As this cost, EZ Exchange is eligible for reimbursement of $3,115.77, Community Development Staff recommends funding the project in full. The addition of EZ Exchange will bring increased foot traffic to the area and benefit other nearby businesses. Renderings of the proposed sign and bids are included in the attached application. Forney explained regarding site cameras, Staff will confirm EZ Exchange’s commitment to installing cameras. Thus far in 2023 the city has approved $8,089 over 2 Façade improvement applications. Leaving $41,911 available for future applications and cameras. Additional applications are expected to come in. Questions/Comments from Members: Márquez-Simula commented on how distracting the security lights on Big Marina and $5 Tasty Chicken that are nearby can be while driving. Forney explained he would pass on the comments to the planner. Spriggs expressed his opinion that the City should not be giving out funds with check cashing to buy the sign since it can perpetuate systemic issues. He added he has done research on the perpetuation of poverty and systemic racism. Buesgens commented that she understands Spriggs’ opinion as she has witnessed it firsthand through a friend. Jacobs expressed her concerns regarding the legality of it. She added Buesgens idea of going to the State level would be more productive and less risky. Spriggs asked what the purpose of the EDA was in the process. Forney replied the application states that the applicant recognizes and agrees that the EDA retains abso lute authority and 7 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 6 discretion to decide whether or not to accept or deny any particular grant application. Many façade grants have been denied in the past. He added it is brought to the EDA in order to have discussion since the EDA makes the final decision. James noted if a business is not increasing economic vitality to the City, it would be a means to deny the application. Forney noted that language around systemic racism could be included to the grant. James mentioned that a money transfer was included in the application and noticed their sign included the colors of the Mexican flag. She spoke with many residents who commented that many residents who have family in Mexico will use the business for wire transfers to relatives. She added that the grant application states the business must be in good standing as well as bring economic vitality and believes the sign will revitalize, rehabilitate and restore store fronts. Spriggs asked what legal standing the EDA has if they deny an application due to the signage. Jacobs asked if there should be a redefinition on the parameters for the application process. Márquez-Simula agreed with Spriggs’ comments regarding the role of the EDA in the application process and the potential to get sued if it is denied. She agreed with Buesgens’ comment on requiring a nice sign to go in. Márquez-Simula expressed feeling uncomfortable with saying that a business is doing something wrong since it is not her role and does not know much about check cashing businesses. Spriggs agreed with Buesgens comments of the business opening regardless if the grant is approved or denied. He expressed his opinion that the City should ask what they are condoning and supporting and what message is it sending as a City as a whole. Jacobs asked the Commissioners if they have the right to tell somebody how to run their business. Motion by Márquez-Simula, seconded by Jacobs, to waive the reading of Resolution No. 2023-20, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Márquez-Simula, seconded by Buesgens, to adopt Resolution No. 2023-20, a Resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the form and substance of the façade improvement grant agreement, and approving authority staff and officials to take all actions necessary to enter the authority into a façade improvement grant agreement with EZ Exchange. All ayes of present. 4 Ayes, 1 Nay. MOTION PASSED. Ayes: Márquez-Simula, Buesgens, James, Jacobs. Nay: Spriggs. RESOLUTION NO. 2023-20 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FORM AND SUBSTANCE OF THE FAÇADE IMPROVEMENT GRANT AGREEMENT, AND 8 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 7 APPROVING AUTHORITY STAFF AND OFFICIALS TO TAKE ALL ACTIONS NECESSARY TO ENTER THE AUTHORITY INTO FAÇADE IMPROVEMENT GRANT AGREEMENT WITH EZ EXCHANGE WHEREAS, the City of Columbia Heights (the “City”) and the Columbia Heights Economic Development Authority (the “Authority”) have collaborated to create a certain Façade Improvement Grant Program (the “Program”); and WHEREAS, pursuant to guidelines established for the Program, the Authority is to award and administer a series of grants to eligible commercial property owners and/or tenants for the purposes of revitalizing existing store fronts, increasing business vitality and economic performance, and decreasing criminal activity along Central Avenue Northeast, in the City’s Central Business district, pursuant to a Façade Improvement Grant Agreement with various property owners and/or tenants; and WHEREAS, pursuant to the Program, the City is to coordinate a surveillance camera monitoring program by placing surveillance cameras on some of the storefronts that are part of the Program for the purposes of improving public safety in and around the Central Business District; and WHEREAS, the Authority has thoroughly reviewed copies of the proposed form of the Grant Agreement. NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the Authority 1. approves the form and substance of the grant agreement, and approves the Authority entering into the agreement with EZ Exchange 2. that the City Manager, as the Executive Director of the Authority, is hereby authorized, empowered, and directed for and on behalf of the Authority to enter into the grant agreement. 3. that the City Manager, as the Executive Director of the Authority, is hereby authorized and directed to execute and take such action as he/she deems necessary and appropriate to carry out the purpose of the foregoing resolution. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 7th day of August, 2023 Offered by: Márquez-Simula Seconded by: Buesgens Roll Call: All ayes of present. MOTION PASSED. Vice President Attest: Secretary 9 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 8 5. Economic Development Authority Commission Member Recognition and Appointment (pg. 78). Forney stated unfortunately the EDA has recently lost a long standing Commissioner, Gerry Herringer. He served on the EDA since 2008. He noted he would like to get the EDA’s ideas on how to recognize Gerry Herringer. The Planning Commission typically recognizes members on their years of service with items such as a plaque. He mentioned some ideas from Staff such as requesting a proclamation from the Mayor or a plaque with the proclamation. An additional idea is to have a moment of recognition during the grand opening of the new City Hall since Mr. Herringer was on the EDA during the purchase of the building or to have a press release thanking him for his years of service. He asked the EDA what their thoughts and ideas were. Jacobs suggested doing something at the grand opening of the City Hall and the article in the paper should give history of his contribution to the City. She added a plaque could be presented to the family at the grand opening of the City Hall building. Márquez-Simula stated she would be willing to do a proclamation. James explained she was in favor of all of the presented ideas and asked if there would be a Staff member who would be able to spend time researching Mr. Herringer’s history and role in the City. Forney replied that the press release would not be ready in time of the grand opening but would have enough information for the proclamation. James stated she would like to direct Staff to make a plaque. The Commissioners agreed. Márquez-Simula requested a Staff member to put together the proclamation since she does not know Mr. Herringer’s history. Hansen stated it would be difficult to have a plaque ready by the grand opening since many companies are estimating 2-8 weeks. He suggested having the plaque ready for a Council meeting. Márquez-Simula added that something could be said at the grand opening about Mr. Herringer and then do a plaque later. The Commissioners agreed. Forney noted both Mr. Herringer and Chair Szurek’s terms expire at the end of the year. Chair Szurek’s position will go through the normal process to fill the seat with interviews beginning in September. The EDA does not have a limit on how many terms can be served and it is a possibility to have Szurek return. In regards to Mr. Herringer’s position, the City Code and Charter mentions that the EDA would need to elect someone to fill his position for the remainder of his term or the EDA can decided to wait and be down a member until the term has expired. Staff and the City Attorney recommend to wait. James stated there would be the most applicants if the EDA decides to wait go undergo the normal process. 10 Item 1. City of Columbia Heights MINUTES August 07, 2023 Economic Development Authority Page 9 Márquez-Simula mentioned she would like to discuss the term limits since there are term limits for the other Commissions. Buesgens asked about altering term limits. Forney replied that the term limits would be verified since the EDA operates under different rules that traditional commissions. Spriggs asked if it would be beneficial to have two six term members on staggered years so the terms do no expire at the same time. Forney stated Staff would explore that and come back to the Council. Márquez-Simula asked if the discussion would be added to the work session or and EDA meeting. Forney stated it would be Council work session since it is a code amendment. OTHER BUSINESS Forney stated the abatement was completed on 841 and 4243. The Fire Department is getting the paper work ready for the burning down of 841 and are allowed to do training. He stated he went to 4243 with the building official to ensure everything was removed and added that the building was in poor condition. ADJOURNMENT Motion by Jacobs, seconded by Márquez-Simula, to adjourn the meeting at 5:39 pm. All ayes. MOTION PASSED. Respectfully submitted, ____________________________ Alicia Howe, Recording Secretary 11 Item 1. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/3Page:08/15/2023 01:32 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 07/01/2023 - 07/31/2023 BOTH JOURNALIZED AND UNJOURNALIZED PAID Check 195513 660.00 17505406/20/23KENNEDY & GRAVENLEGAL SERVICES PURCHASE 941 44THAVE408.6414.43050 660.00 Total For Check 195513 Check 195548 450.00 630705/23/23SECURITY FENCE & CONSTRUCTIONFENCE REPAIR-PARKING RAMP228.6317.44000 450.00 Total For Check 195548 Check 195613 30,000.00 06302306/30/23NORTHERN HERITAGE PROPERTIESFIRE SUPPRESSION GRANT PAYMENT408.6414.44600 30,000.00 Total For Check 195613 Check 195628 1,850.00 100051857604/28/23TK ELEVATOR CORPORATIONOTHER TECHNOLOGY EQUIPMENT420.6317.42012.1915 1,850.00 Total For Check 195628 Check 195637 167,020.41 07202307/20/23ANOKA COUNTY PROPERTY RECORDSTIF DISTRICT R8 DECERTIFIED 060523389.0000.31010 167,020.41 Total For Check 195637 Check 195639 5.86 06012306/01/23ARVIG ENTERPRISES, INCCOMM DEV ADMIN (1.8%)204.6314.43250 5.86 Total For Check 195639 Check 195640 5.86 07012307/01/23ARVIG ENTERPRISES, INCCOMM DEV ADMIN (1.8%)204.6314.43250 5.86 Total For Check 195640 Check 195689 1,550.00 15047933906/30/23REDPATH AND COMPANY LLC2022 ANNUAL AUDIT204.6314.43050 1,550.00 Total For Check 195689 Check 195716 19.44 17802154107/15/23COMCAST071523 934571297 COMM DEV ADMIN204.6314.43250 19.44 Total For Check 195716 Check 195738 3,410.00 17470005/24/23KENNEDY & GRAVENALATUS LOAN MODIFICATION393.7000.43050 3,410.00 Total For Check 195738 Check 195758 1,396.00 1-VB-R06/08/23RTD POWER WASHING, INCSWEEPING - VAN BUREN RAMP228.6317.43050 1,396.00 Total For Check 195758 Check 195767 198.00 M2830406/14/23TIMESAVER OFF SITE SECRETR INCEDA MEETING 060523204.6314.43050 198.00 Total For Check 195767 Check 195775 609.05 104836116607/11/23XCEL ENERGY (N S P)ELECTRIC228.6317.43810 609.05 Total For Check 195775 Check 681 13,353.75 232368006/15/23U.S. BANKINTEREST392.7000.46110 13,353.75 Total For Check 681 12 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/3Page:08/15/2023 01:32 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 07/01/2023 - 07/31/2023 BOTH JOURNALIZED AND UNJOURNALIZED PAID 13 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 3/3Page:08/15/2023 01:32 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 07/01/2023 - 07/31/2023 BOTH JOURNALIZED AND UNJOURNALIZED PAID 1,779.16 Fund 204 EDA ADMINISTRATION 2,455.05 Fund 228 DOWNTOWN PARKING 167,020.41 Fund 389 TIF R8 CRESTV/TRANSITION BLK 13,353.75 Fund 392 TIF BB2 ALATUS 40TH AV 3,410.00 Fund 393 BB6 IF ALATUS 4300 CENTRAL 30,660.00 Fund 408 EDA REDEVELOPMENT PROJECT FD 1,850.00 Fund 420 CAP IMPROVEMENT-DEVELOPMENT Fund Totals: 1,850.00 OTHER TECHNOLOGY EQUIPMENT420.6317.42012.1915 30,000.00 FIRE SUPPRESSION GRANT PAYMENT408.6414.44600 660.00 LEGAL SERVICES PURCHASE 941 44THAVE408.6414.43050 3,410.00 ALATUS LOAN MODIFICATION393.7000.43050 13,353.75 INTEREST392.7000.46110 167,020.41 TIF DISTRICT R8 DECERTIFIED 060523389.0000.31010 450.00 FENCE REPAIR-PARKING RAMP228.6317.44000 609.05 ELECTRIC228.6317.43810 1,396.00 SWEEPING - VAN BUREN RAMP228.6317.43050 31.16 COMM DEV ADMIN (1.8%)204.6314.43250 1,748.00 2022 ANNUAL AUDIT204.6314.43050 --- TOTALS BY GL DISTRIBUTION --- 220,528.37 Total For All Funds: 14 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 202 - ANOKA CO COMM DEV PROGRAMS Revenues Dept 0000 - NON-DEPARTMENTAL INTERGOVERNMENTAL 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 COUNTY GRANT202.0000.33600 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 INTERGOVERNMENTAL 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL REVENUES Expenditures Dept 6355 - ANOKA CO HRA LEVY PROJECTS OTHER SERVICES & CHARGES 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.202.6355.43050 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 Total Dept 6355 - ANOKA CO HRA LEVY PROJECTS 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (1,246.00)1,246.00 0.00 0.00 0.00 TOTAL REVENUES Fund 202 - ANOKA CO COMM DEV PROGRAMS: 15 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 56.11 91,325.38 116,774.62 116,774.62 0.00 208,100.00 EDA CURRENT AD VALOREM204.0000.31011 38.75 54,514.90 34,485.10 34,485.10 0.00 89,000.00 AREA WIDE TAX204.0000.31014 100.00 (2,394.95)2,394.95 2,394.95 0.00 0.00 DELNQ. AD VALOREM204.0000.31020 51.72 143,445.33 153,654.67 153,654.67 0.00 297,100.00 TAXES 51.72 143,445.33 153,654.67 153,654.67 0.00 297,100.00 Total Dept 0000 - NON-DEPARTMENTAL 51.72 143,445.33 153,654.67 153,654.67 0.00 297,100.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH OTHER SERVICES & CHARGES 269.03 (3,718.65)5,918.65 1,748.00 0.00 2,200.00 EXPERT & PROFESSIONAL SERV.204.6314.43050 46.40 804.05 590.00 0.00 105.95 1,500.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105 53.59 324.84 375.16 0.00 0.00 700.00 TELEPHONE204.6314.43210 54.09 275.47 324.53 0.00 0.00 600.00 POSTAGE204.6314.43220 54.80 135.61 164.39 25.30 0.00 300.00 OTHER TELECOMMUNICATIONS204.6314.43250 26.97 1,095.44 404.56 404.56 0.00 1,500.00 OUT OF TOWN TRAVEL EXPENSE204.6314.43320 157.30 (114.60)314.60 0.00 0.00 200.00 LEGAL NOTICE PUBLISHING204.6314.43500 58.33 1,125.00 1,575.00 225.00 0.00 2,700.00 PROP & LIAB INSURANCE204.6314.43600 20.04 399.82 100.18 0.00 0.00 500.00 REPAIR & MAINT. SERVICES204.6314.44000 100.00 0.00 800.00 0.00 0.00 800.00 SOFTWARE & SOFTWARE SUBSCRIPTIONS204.6314.44030 58.33 3,625.00 5,075.00 725.00 0.00 8,700.00 INFORMATION SYS:INTERNAL SVC204.6314.44040 64.50 71.00 129.00 0.00 0.00 200.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330 35.00 585.00 315.00 0.00 0.00 900.00 COMMISSION & BOARDS204.6314.44380 77.85 4,607.98 16,086.07 3,127.86 105.95 20,800.00 OTHER SERVICES & CHARGES PERSONNEL SERVICES 56.50 85,569.97 111,130.03 15,298.43 0.00 196,700.00 REGULAR EMPLOYEES204.6314.41010 58.24 6,138.41 8,561.59 1,147.38 0.00 14,700.00 P.E.R.A. CONTRIBUTION204.6314.41210 62.17 5,712.28 9,387.72 1,301.75 0.00 15,100.00 F.I.C.A. CONTRIBUTION204.6314.41220 57.55 9,848.40 13,351.60 1,905.04 0.00 23,200.00 INSURANCE204.6314.41300 64.29 535.67 964.33 129.47 0.00 1,500.00 WORKERS COMP INSURANCE PREM204.6314.41510 57.08 107,804.73 143,395.27 19,782.07 0.00 251,200.00 PERSONNEL SERVICES SUPPLIES 37.09 125.83 74.17 0.00 0.00 200.00 OFFICE SUPPLIES204.6314.42000 0.00 500.00 0.00 0.00 0.00 500.00 MINOR EQUIPMENT204.6314.42010 0.00 1,900.00 0.00 0.00 0.00 1,900.00 END USER DEVICES204.6314.42011 7.22 185.56 14.44 0.00 0.00 200.00 GENERAL SUPPLIES204.6314.42171 0.00 200.00 0.00 0.00 0.00 200.00 FOOD SUPPLIES204.6314.42175 2.95 2,911.39 88.61 0.00 0.00 3,000.00 SUPPLIES CONTINGENCIES & TRANSFERS 58.33 9,208.31 12,891.69 1,841.67 0.00 22,100.00 OPER. TRANSFER OUT - LABOR204.6314.47100 58.33 9,208.31 12,891.69 1,841.67 0.00 22,100.00 CONTINGENCIES & TRANSFERS 16 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Expenditures 58.08 124,532.41 172,461.64 24,751.60 105.95 297,100.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH 58.08 124,532.41 172,461.64 24,751.60 105.95 297,100.00 TOTAL EXPENDITURES 100.00 18,912.92 (18,806.97)128,903.07 (105.95)0.00 NET OF REVENUES & EXPENDITURES 58.08 124,532.41 172,461.64 24,751.60 105.95 297,100.00 TOTAL EXPENDITURES 51.72 143,445.33 153,654.67 153,654.67 0.00 297,100.00 TOTAL REVENUES Fund 204 - EDA ADMINISTRATION: 17 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 228 - DOWNTOWN PARKING Revenues Dept 0000 - NON-DEPARTMENTAL TRANSFERS & NON-REV RECEIPTS 58.33 23,625.00 33,075.00 4,725.00 0.00 56,700.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247 58.33 23,625.00 33,075.00 4,725.00 0.00 56,700.00 TRANSFERS & NON-REV RECEIPTS 58.33 23,625.00 33,075.00 4,725.00 0.00 56,700.00 Total Dept 0000 - NON-DEPARTMENTAL 58.33 23,625.00 33,075.00 4,725.00 0.00 56,700.00 TOTAL REVENUES Expenditures Dept 6317 - DOWNTOWN PARKING OTHER SERVICES & CHARGES 100.00 (3,316.00)3,316.00 1,396.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.228.6317.43050 58.33 1,333.31 1,866.69 266.67 0.00 3,200.00 PROP & LIAB INSURANCE228.6317.43600 58.85 822.91 1,177.09 226.57 0.00 2,000.00 UTILITY SERVICES228.6317.43800 40.72 7,705.76 5,294.24 609.05 0.00 13,000.00 ELECTRIC228.6317.43810 4.28 33,503.70 882.00 0.00 614.30 35,000.00 REPAIR & MAINT. SERVICES228.6317.44000 79.99 400.28 1,599.72 0.00 0.00 2,000.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020 26.72 40,449.96 14,135.74 2,498.29 614.30 55,200.00 OTHER SERVICES & CHARGES PERSONNEL SERVICES 0.00 1,500.00 0.00 0.00 0.00 1,500.00 INTERDEPARTMENTAL LABOR SERV228.6317.41070 0.00 1,500.00 0.00 0.00 0.00 1,500.00 PERSONNEL SERVICES SUPPLIES 100.00 (405.00)405.00 0.00 0.00 0.00 OTHER TECHNOLOGY EQUIPMENT228.6317.42012 100.00 (405.00)405.00 0.00 0.00 0.00 SUPPLIES 26.73 41,544.96 14,540.74 2,498.29 614.30 56,700.00 Total Dept 6317 - DOWNTOWN PARKING 26.73 41,544.96 14,540.74 2,498.29 614.30 56,700.00 TOTAL EXPENDITURES 100.00 (17,919.96)18,534.26 2,226.71 (614.30)0.00 NET OF REVENUES & EXPENDITURES 26.73 41,544.96 14,540.74 2,498.29 614.30 56,700.00 TOTAL EXPENDITURES 58.33 23,625.00 33,075.00 4,725.00 0.00 56,700.00 TOTAL REVENUES Fund 228 - DOWNTOWN PARKING: 18 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 372 - HUSET PARK AREA TIF (T6) Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 228.96 (250,189.80)444,189.80 444,189.80 0.00 194,000.00 CURRENT AD VALOREM372.0000.31010 100.00 (4,583.94)4,583.94 4,583.94 0.00 0.00 DELNQ. AD VALOREM372.0000.31020 231.33 (254,773.74)448,773.74 448,773.74 0.00 194,000.00 TAXES MISCELLANEOUS 0.00 3,000.00 0.00 0.00 0.00 3,000.00 INTEREST ON INVESTMENTS372.0000.36210 0.00 3,000.00 0.00 0.00 0.00 3,000.00 MISCELLANEOUS 227.80 (251,773.74)448,773.74 448,773.74 0.00 197,000.00 Total Dept 0000 - NON-DEPARTMENTAL 227.80 (251,773.74)448,773.74 448,773.74 0.00 197,000.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (7,616.22)7,616.22 883.34 0.00 0.00 EXPERT & PROFESSIONAL SERV.372.7000.43050 100.00 (397,458.12)397,458.12 397,458.12 0.00 0.00 LOANS & GRANTS372.7000.44600 100.00 (405,074.34)405,074.34 398,341.46 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 0.00 135,000.00 0.00 0.00 135,000.00 PRINCIPAL372.7000.46010 51.67 26,193.75 28,006.25 0.00 0.00 54,200.00 INTEREST372.7000.46110 47.50 525.00 475.00 0.00 0.00 1,000.00 FISCAL AGENT CHARGES372.7000.46200 85.95 26,718.75 163,481.25 0.00 0.00 190,200.00 CAPITAL OUTLAY 298.93 (378,355.59)568,555.59 398,341.46 0.00 190,200.00 Total Dept 7000 - BONDS 298.93 (378,355.59)568,555.59 398,341.46 0.00 190,200.00 TOTAL EXPENDITURES 1,761.50 126,581.85 (119,781.85)50,432.28 0.00 6,800.00 NET OF REVENUES & EXPENDITURES 298.93 (378,355.59)568,555.59 398,341.46 0.00 190,200.00 TOTAL EXPENDITURES 227.80 (251,773.74)448,773.74 448,773.74 0.00 197,000.00 TOTAL REVENUES Fund 372 - HUSET PARK AREA TIF (T6): 19 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 375 - TIF Z6: 47TH & GRAND Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (84,513.47)84,513.47 84,513.47 0.00 0.00 CURRENT AD VALOREM375.0000.31010 100.00 (84,513.47)84,513.47 84,513.47 0.00 0.00 TAXES 100.00 (84,513.47)84,513.47 84,513.47 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (84,513.47)84,513.47 84,513.47 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (1,674.75)1,674.75 441.67 0.00 0.00 EXPERT & PROFESSIONAL SERV.375.7000.43050 100.00 (76,062.12)76,062.12 76,062.12 0.00 0.00 LOANS & GRANTS375.7000.44600 100.00 (77,736.87)77,736.87 76,503.79 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (77,736.87)77,736.87 76,503.79 0.00 0.00 Total Dept 7000 - BONDS 100.00 (77,736.87)77,736.87 76,503.79 0.00 0.00 TOTAL EXPENDITURES 100.00 (6,776.60)6,776.60 8,009.68 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (77,736.87)77,736.87 76,503.79 0.00 0.00 TOTAL EXPENDITURES 100.00 (84,513.47)84,513.47 84,513.47 0.00 0.00 TOTAL REVENUES Fund 375 - TIF Z6: 47TH & GRAND: 20 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 376 - TIF DISTRICTS A3/C7/C8 Revenues Dept 0000 - NON-DEPARTMENTAL MISCELLANEOUS 100.00 (479.26)479.26 479.26 0.00 0.00 LOAN INTEREST376.0000.36216 100.00 (479.26)479.26 479.26 0.00 0.00 MISCELLANEOUS 100.00 (479.26)479.26 479.26 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (479.26)479.26 479.26 0.00 0.00 TOTAL REVENUES 100.00 (479.26)479.26 479.26 0.00 0.00 NET OF REVENUES & EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 (479.26)479.26 479.26 0.00 0.00 TOTAL REVENUES Fund 376 - TIF DISTRICTS A3/C7/C8: 21 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 389 - TIF R8 CRESTV/TRANSITION BLK Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 137,503.84 (137,503.84)(137,503.84)0.00 0.00 CURRENT AD VALOREM389.0000.31010 100.00 137,503.84 (137,503.84)(137,503.84)0.00 0.00 TAXES 100.00 137,503.84 (137,503.84)(137,503.84)0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 137,503.84 (137,503.84)(137,503.84)0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (2,517.10)2,517.10 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.389.7000.43050 100.00 (2,517.10)2,517.10 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (2,517.10)2,517.10 0.00 0.00 0.00 Total Dept 7000 - BONDS 100.00 (2,517.10)2,517.10 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 140,020.94 (140,020.94)(137,503.84)0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (2,517.10)2,517.10 0.00 0.00 0.00 TOTAL EXPENDITURES 100.00 137,503.84 (137,503.84)(137,503.84)0.00 0.00 TOTAL REVENUES Fund 389 - TIF R8 CRESTV/TRANSITION BLK: 22 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 391 - SCATTERED SITE TIF W3/W4 Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (25,501.83)25,501.83 25,501.83 0.00 0.00 CURRENT AD VALOREM391.0000.31010 100.00 (25,501.83)25,501.83 25,501.83 0.00 0.00 TAXES 100.00 (25,501.83)25,501.83 25,501.83 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (25,501.83)25,501.83 25,501.83 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (5,255.87)5,255.87 441.67 0.00 0.00 EXPERT & PROFESSIONAL SERV.391.7000.43050 100.00 (5,255.87)5,255.87 441.67 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 (122,289.95)122,289.95 0.00 0.00 0.00 LAND391.7000.45110 100.00 (479.26)479.26 479.26 0.00 0.00 INTEREST391.7000.46110 100.00 (122,769.21)122,769.21 479.26 0.00 0.00 CAPITAL OUTLAY 100.00 (128,025.08)128,025.08 920.93 0.00 0.00 Total Dept 7000 - BONDS 100.00 (128,025.08)128,025.08 920.93 0.00 0.00 TOTAL EXPENDITURES 100.00 102,523.25 (102,523.25)24,580.90 0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (128,025.08)128,025.08 920.93 0.00 0.00 TOTAL EXPENDITURES 100.00 (25,501.83)25,501.83 25,501.83 0.00 0.00 TOTAL REVENUES Fund 391 - SCATTERED SITE TIF W3/W4: 23 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 392 - TIF BB2 ALATUS 40TH AV Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (116,830.01)116,830.01 116,830.01 0.00 0.00 CURRENT AD VALOREM392.0000.31010 100.00 (116,830.01)116,830.01 116,830.01 0.00 0.00 TAXES 100.00 (116,830.01)116,830.01 116,830.01 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (116,830.01)116,830.01 116,830.01 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (1,423.06)1,423.06 883.32 0.00 0.00 EXPERT & PROFESSIONAL SERV.392.7000.43050 100.00 (110,988.51)110,988.51 110,988.51 0.00 0.00 LOANS & GRANTS392.7000.44600 100.00 (112,411.57)112,411.57 111,871.83 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 (13,353.75)13,353.75 13,353.75 0.00 0.00 INTEREST392.7000.46110 100.00 (13,353.75)13,353.75 13,353.75 0.00 0.00 CAPITAL OUTLAY 100.00 (125,765.32)125,765.32 125,225.58 0.00 0.00 Total Dept 7000 - BONDS 100.00 (125,765.32)125,765.32 125,225.58 0.00 0.00 TOTAL EXPENDITURES 100.00 8,935.31 (8,935.31)(8,395.57)0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (125,765.32)125,765.32 125,225.58 0.00 0.00 TOTAL EXPENDITURES 100.00 (116,830.01)116,830.01 116,830.01 0.00 0.00 TOTAL REVENUES Fund 392 - TIF BB2 ALATUS 40TH AV: 24 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 11/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 393 - BB6 IF ALATUS 4300 CENTRAL Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (3,888.78)3,888.78 3,410.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.393.7000.43050 100.00 (3,888.78)3,888.78 3,410.00 0.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 50.01 13,346.25 13,353.75 0.00 0.00 26,700.00 INTEREST393.7000.46110 0.00 1,000.00 0.00 0.00 0.00 1,000.00 FISCAL AGENT CHARGES393.7000.46200 48.21 14,346.25 13,353.75 0.00 0.00 27,700.00 CAPITAL OUTLAY 62.25 10,457.47 17,242.53 3,410.00 0.00 27,700.00 Total Dept 7000 - BONDS 62.25 10,457.47 17,242.53 3,410.00 0.00 27,700.00 TOTAL EXPENDITURES 62.25 (10,457.47)(17,242.53)(3,410.00)0.00 (27,700.00)NET OF REVENUES & EXPENDITURES 62.25 10,457.47 17,242.53 3,410.00 0.00 27,700.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 393 - BB6 IF ALATUS 4300 CENTRAL: 25 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 12/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 49.83 117,888.52 117,111.48 117,111.48 0.00 235,000.00 HRA CURRENT AD VALOREM408.0000.31012 54.13 34,399.86 40,600.14 40,600.14 0.00 75,000.00 AREA WIDE TAX408.0000.31014 100.00 (2,797.24)2,797.24 2,797.24 0.00 0.00 DELNQ. AD VALOREM408.0000.31020 51.78 149,491.14 160,508.86 160,508.86 0.00 310,000.00 TAXES 51.78 149,491.14 160,508.86 160,508.86 0.00 310,000.00 Total Dept 0000 - NON-DEPARTMENTAL 51.78 149,491.14 160,508.86 160,508.86 0.00 310,000.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH OTHER SERVICES & CHARGES 2.60 48,700.00 1,300.00 0.00 0.00 50,000.00 EXPERT & PROFESSIONAL SERV.408.6314.43050 2.60 48,700.00 1,300.00 0.00 0.00 50,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.97 (889.56)92,865.56 0.00 0.00 91,976.00 LAND408.6314.45110 100.97 (889.56)92,865.56 0.00 0.00 91,976.00 CAPITAL OUTLAY 66.32 47,810.44 94,165.56 0.00 0.00 141,976.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH Dept 6411 - FACADE IMPROVEMENT GRANT OTHER SERVICES & CHARGES 16.50 41,752.00 8,248.00 0.00 0.00 50,000.00 LOANS & GRANTS408.6411.44600 16.50 41,752.00 8,248.00 0.00 0.00 50,000.00 OTHER SERVICES & CHARGES SUPPLIES 100.00 (30,513.62)30,513.62 0.00 0.00 0.00 MINOR EQUIPMENT408.6411.42010 100.00 (30,513.62)30,513.62 0.00 0.00 0.00 SUPPLIES 77.52 11,238.38 38,761.62 0.00 0.00 50,000.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT Dept 6414 - COMMERCIAL REVITALIZATION OTHER SERVICES & CHARGES 100.00 (20,535.00)1,235.00 275.00 19,300.00 0.00 EXPERT & PROFESSIONAL SERV.408.6414.43050 100.00 (3,031.68)3,031.68 0.00 0.00 0.00 TAXES & LICENSES408.6414.44390 100.00 (35,000.00)35,000.00 0.00 0.00 0.00 LOANS & GRANTS408.6414.44600 100.00 (58,566.68)39,266.68 275.00 19,300.00 0.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 3.80 192,406.48 7,593.52 0.00 0.00 200,000.00 LAND408.6414.45110 3.80 192,406.48 7,593.52 0.00 0.00 200,000.00 CAPITAL OUTLAY 26 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 13/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Expenditures 33.08 133,839.80 46,860.20 275.00 19,300.00 200,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION Dept 6418 - FIRE SUPPRESSION GRANT OTHER SERVICES & CHARGES 0.00 60,000.00 0.00 0.00 0.00 60,000.00 LOANS & GRANTS408.6418.44600 0.00 60,000.00 0.00 0.00 0.00 60,000.00 OTHER SERVICES & CHARGES 0.00 60,000.00 0.00 0.00 0.00 60,000.00 Total Dept 6418 - FIRE SUPPRESSION GRANT Dept 9999 - CONSTRUCTION OTHER SERVICES & CHARGES 0.00 (15,865.00)0.00 0.00 15,865.00 0.00 EXPERT & PROFESSIONAL SERV.408.9999.43050.2014 0.00 (15,865.00)0.00 0.00 15,865.00 0.00 OTHER SERVICES & CHARGES 0.00 (15,865.00)0.00 0.00 15,865.00 0.00 Total Dept 9999 - CONSTRUCTION 47.56 237,023.62 179,787.38 275.00 35,165.00 451,976.00 TOTAL EXPENDITURES 38.35 (87,532.48)(19,278.52)160,233.86 (35,165.00)(141,976.00)NET OF REVENUES & EXPENDITURES 47.56 237,023.62 179,787.38 275.00 35,165.00 451,976.00 TOTAL EXPENDITURES 51.78 149,491.14 160,508.86 160,508.86 0.00 310,000.00 TOTAL REVENUES Fund 408 - EDA REDEVELOPMENT PROJECT FD: 27 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 14/14Page:08/15/2023 01:31 PM User: suems DB: Columbia Heights PERIOD ENDING 07/31/2023 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 07/31/2023 ACTIVITY FOR MONTH 07/31/23 ENCUMBERED YEAR-TO-DATE 2023 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 420 - CAP IMPROVEMENT-DEVELOPMENT Expenditures Dept 6317 - DOWNTOWN PARKING OTHER SERVICES & CHARGES 100.00 (78,624.50)78,624.50 0.00 0.00 0.00 REPAIR & MAINT. SERVICES420.6317.44000.1915 100.00 (78,624.50)78,624.50 0.00 0.00 0.00 OTHER SERVICES & CHARGES SUPPLIES 100.00 (4,129.57)4,129.57 4,103.10 0.00 0.00 OTHER TECHNOLOGY EQUIPMENT420.6317.42012.1915 100.00 (4,129.57)4,129.57 4,103.10 0.00 0.00 SUPPLIES 100.00 (82,754.07)82,754.07 4,103.10 0.00 0.00 Total Dept 6317 - DOWNTOWN PARKING 100.00 (82,754.07)82,754.07 4,103.10 0.00 0.00 TOTAL EXPENDITURES 100.00 82,754.07 (82,754.07)(4,103.10)0.00 0.00 NET OF REVENUES & EXPENDITURES 100.00 (82,754.07)82,754.07 4,103.10 0.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 420 - CAP IMPROVEMENT-DEVELOPMENT: 318.92 356,562.57 (483,553.32)221,453.25 (35,885.25)(162,876.00)NET OF REVENUES & EXPENDITURES 137.40 (382,841.57)1,370,632.32 636,029.75 35,885.25 1,023,676.00 TOTAL EXPENDITURES - ALL FUNDS 103.05 (26,279.00)887,079.00 857,483.00 0.00 860,800.00 TOTAL REVENUES - ALL FUNDS 28 Item 2. Resolution 2023-21 RESOLUTION NO. 2023-21 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF JULY 2023 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF JULY 2023. 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 WHEREAS, the financial statements for the month of July 2023 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, financial 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 as part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 5th day of September 2023 Offered by: Seconded by: Roll Call: Vice President Attest: Secretary 29 Item 2. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE SEPTEMBER 5, 2023 ITEM: Adoption of the 2024 Budget and Authorization of the EDA and HRA Levies DEPARTMENT: Community Development BY/DATE: Aaron Chirpich – 8/30/2023 BACKGROUND: In late August, the proposed budget for the 2024 fiscal year was distributed to the City Council . Before the City Council completes their final review of the proposed budget, the Columbia Heights Economic Development Authority (“EDA”) and the Housing and Redevelopment Authority in and for the City of Columbia Heights (“HRA”) are required to adopt fund budgets for Fund 204: EDA Administration and Fund 408: EDA Redevelopment Projects; and to authorize their respective 2023 tax levies, payable in 2024. The EDA effectively has two separate tax levies after the City Council granted the EDA certain HRA powers in 1996. One tax levy is administered by the City under Minnesota Statutes, Section 469.107 on behalf of the EDA (the “EDA Levy”) and the other is a special benefit tax levy administered by the EDA under Minnesota Statutes, Section 469.033 on behalf of the HRA (the “HRA Levy”). The proposed fund budgets reflect total lev y amounts that are within the statutory limits. For 2023, the EDA Levy would capture $313,700 from the City’s estimated market land value, whereas the HRA Levy would net $310,000. When combined, both levies result in total net revenue of $623,700. The proposed 2024 fund budgets are dedicated to maintaining existing projects and initiatives, as well as allocating funds for programs that reflect the priorities of the EDA, such as the Commercial Revitalization Project, the Façade Improvement Grant Program, and the Fire Suppression Grand Program. For more detail, please refer to the attached summary budgets. RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2023-22, there being ample copies available to the public. MOTION: Move to adopt Resolution 2023-22, a resolution of the Columbia Heights Economic Development Authority, adopting a budget for the fiscal year of 2024 and setting the 2023 tax levy, payable in 2024. MOTION: Move to waive the reading of Resolution 2023-23, there being ample copies available to the public. MOTION: Move to adopt Resolution 2023-23, a resolution of the Columbia Heights Economic Development Authority, adopting a budget for the fiscal year of 2024 and authorizing a special benefit tax levy, payable in 2024. ATTACHMENT(S): 30 Item 3. Page 2  Resolution 2023-22  Resolution 2023-23  Fund 204: EDA Administration Budget Summary  Fund 408: EDA Redevelopment Budget Summary 31 Item 3. RESOLUTION NO. 2023-22 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET FOR THE FISCAL YEAR OF 2024 AND SETTING THE 2023 TAX LEVY, PAYABLE IN 2024. BE IT 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, under Section 469.107 of the EDA Act, the City is authorized to levy a tax for the benefit of the EDA on its area of operation for the purposes authorized under the EDA Act, subject to the approval of the City Council; NOW, THEREFORE BE IT 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 $313,700 for 2024; and BE IT FURTHER RESOLVED, that the EDA adopts and requests the City Council’s approval of an EDA tax levy under Section 469.107 of the EDA Act, in the amount of $313,700 for taxes payable in 2024; and BE IT 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: Roll Call: President Attest: Secretary 32 Item 3. RESOLUTION NO. 2023-23 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET FOR THE FISCAL YEAR OF 2024 AND AUTHORIZING A SPECIAL BENEFIT TAX LEVY, PAYABLE IN 2024. BE IT 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 granted the EDA all powers and duties of a housing and redevelopment authority by an enabling resolution and ordinance adopted on October 22, 2001, pursuant to Minnesota Statutes 469.001 to 469.047 (the "HRA Act"), except certain powers that are allocated to the Housing and Redevelopment Authority in and for the City of Columbia Heights (the “HRA”); and WHEREAS, under Section 469.033 of the HRA Act, the EDA is authorized to levy a special benefit tax, in an amount not to exceed .0185 percent of the City’s estimated market value (the “HRA Levy”); and WHEREAS, by separate resolution, the EDA has before it for consideration a copy of the EDA budget for the fiscal year of 2024, and the proposed amount of the HRA Levy, payable in 2024, is based on said budget; NOW, THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic Development Authority, that the EDA hereby adopts an HRA Levy payable in 2024 of $310,000 under Section 469.033 of the HRA Act; and BE IT FURTHER RESOLVED, that the Board of Commissioners of the Columbia Heights Economic Development Authority hereby directs staff to take such actions necessary to file with the City and certify with the County of Anoka County, the HRA Levy in the amount of $310,000 for taxes payable in 2024 under Section 469.033 of the HRA Act. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 5th day of September, 2023 Offered by: Seconded by: Roll Call: President Attest: Secretary 33 Item 3. EDA Planning &Downtown Redevelopment Inspections EDA Parking Project 201.2400 204.6314 228.6317 408.6414 Revenue Taxes - 310,000 - 310,000 Licenses & Permits 395,400 - - - Intergovernmental - - - - Charges for Services - - - - Fines & Forfeits - - - - Miscellaneous 5,500 3,700 - - Sales and Related Charges - - - - Transfers & Non Rev Receipts 208,000 - 56,600 - Total Revenue 608,900 313,700 56,600 310,000 Expenses Personnel Services 506,600 259,900 1,500 - Supplies 9,100 800 - - Other Services and Charges 60,200 24,100 55,100 100,000 Capital Outlay - - - 210,000 Contingencies & Transfers 28,900 28,900 - - Total Expenses 604,800 313,700 56,600 310,000 Change in Fund Balance 4,100 - - - City of Columbia Heights, Minnesota BUDGET 2024 Community Development 34 Item 3. DEPARTMENT: ECONOMIC DEVELOPMENT AUTHORITY 204 COMMUNITY DEVELOPMENT Actual Actual Adopted Department City Manager Council 6314 ECONOMIC DEVELOPMENT AUTH.Expense Expense Budget Proposed Proposed Adopted Description 2021 2022 2023 2024 2024 2024 Personnel Services 155,800 231,700 251,200 259,900 - - Supplies 200 500 3,000 800 - - Other Services & Charges 50,800 17,100 20,800 24,100 - - Capital Outlay - - - - - - Contingencies & Transfers 20,000 172,100 22,100 28,900 - - TOTALS: ECONOMIC DEVELOPMENT AUTH226,800 421,400 297,100 313,700 - - Activity Description Comments on Proposed Budget CITY OF COLUMBIA HEIGHTS, MINNESOTA BUDGET 2024 The Economic Development Authority coordinates several activities that both directly and indirectly act as a catalyst for improving the community's overall quality of life, business vitality, and economic performance. The main activities of Economic Development Authority staff include providing support to the Columbia Heights Economic Development Authority and the Housing & Redevelopment Authority in and for the City of Columbia Heights; leveraging public and private partnerships to increase the amount of reinvestment within the City; serving as project managers for development and redevelopment projects; writing and maintaining grants from governmental agencies and corporate institutions; preparing and maintaining Tax Increment Financing, Tax Abatement, and Private Activity Bond records; developing and implementing a Business Retention & Expansion programs; managing housing programs; and facilitating the acquisition and conveyance of City owned properties. The Economic Development Authority Fund increased by $16,600 from 2023 to 2024, an increase of approximately 5.6%. PERSONNEL SERVICES: Personnel services will increase by $8,700, or 3.5% to accommodate COLA increases for the Community Development Director and Community Development Coordinator positions. SUPPLIES: The Supplies budget will decrease by $2,200 to accurately reflect the needs of the department. This decrease is driven by a l ack of computer hardware purchases planned in 2024. OTHER SERVICES AND CHARGES: Other Services and Charges will increase by $3,300 to adequately reflect the anticipated workload of the department, and account for increases in Training and Education, Property and Liability Insurance, Software and Subscriptions, Memberships, and Information Systems. 35 Item 3. DEPARTMENT: COMMERCIAL REVITALIZATION 408 EDA REDEVELOPMENT PROJECT Actual Actual Adopted Department City Manager Council 6414 COMMERCIAL REVITALIZATION Expense Expense Budget Proposed Proposed Adopted Description 2021 2022 2023 2024 2024 2024 Personnel Services 1,500 400 - - - - Supplies - - - - - - Other Services & Charges 2,800 6,000 85,000 100,000 - - Capital Outlay 29,100 177,200 225,000 210,000 - - Contingencies & Transfers 2,600 816,100 - - - - TOTALS: COMMERCIAL REVITALIZATION 36,000 999,700 310,000 310,000 - - Activity Description Comments on Proposed Budget CITY OF COLUMBIA HEIGHTS, MINNESOTA BUDGET 2024 The Redevelopment Project Fund is a working capital fund designed to provide the resources necessary for the Columbia Heights Economic Development Authority to implement approved activities for the benefit of the community. The two approved activities covered previously within this fund are the Commercial Revitalization Project and the Facade Improvement Grant Program. Beginning with the 2023 budget, Fire Suppression grants will be awarded. The overall budget will remain the same for 2024 at $310,000. This fund is supported by the Housing and Redevelopment Authority (HRA) Levy and is recognized in Fund 408. Fund 408 will continue to support redevelopment projects and program expenditures of the Columbia Heights Economic Development Authority (EDA), including the Facade Improvement Grant Program ($50,000), Fire Supression Grant Program ($50,000), and strategic property acquisitions ($210,000). 36 Item 3. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 09/05/2023 ITEM: Purchase of 3953 and 3951 Central Avenue NE DEPARTMENT: Community Development BY/DATE: Mitchell Forney, 8/29/23 BACKGROUND: Recently, the Community Development Department was contacted by the broker hired to sell the properties located 3853 and 3851 Central Ave NE. The initial inquiry was to determine about properties' zoning and historical background. Upon discovering that the owner intended to sell these properties, staff promptly intervened to explore the possibility of acquiring the properties for redevelopment. After conducting a tour of both buildings, staff engaged in preliminary negotiations and successfully f ormulated an acceptable deal, now presented before the EDA for consideration. As is customary with all purchase agreements, the acquisition of these properties is contingent upon approval from the EDA. The property at 3853 Central, once a single-family home, has been renovated into offices for a property management company. While the house remains in generally good condition, its usage has shifted almost entirely to office spaces. Similarly, the commercial property at 3851 Central, which previously featured a residential unit on the second floor and office space on the first floor, has undergone changes. The current owner attempted to create a three-unit apartment on the upper floor but encountered fire suppression challenges, resulting in the space remaining vacant and partially unfinished. The lower level is comprised of makeshift walled offices, and the commercial building and its garages are mainly utilized by the management company for storage. To complete the transaction, staff recommend utilizing the Anoka County HRA special levy fund to acquire the properties. The ACHRA levy, a county-imposed tax on behalf of the City, supports the activities of the Anoka County HRA and establishes a fund for redevelopment projects within Columbia Heights. Access to these funds necessitates approval from the ACHRA board. The current fund balance for the HRA levy is $818,000. This amount is more than sufficient to cover the purchase and demolition costs of the two properties. The attached purchase agreement establishes the negotiated purchase price at $700,000 for both properties. Staff estimates that expenses related to utility removal, abatement, demolition, and site grading will amount to approximately $80,000, bringing the projected project cost to $780,000. To make use of ACHRA funds, the EDA must initially cover the purchase and demolition expenses; reimbursement will follow once the City Council submits an ACHRA grant request. Resolution 2023-24 comprehensively addresses these steps, and we anticipate the Council will review the ACHRA grant request during their meeting on September 11th. Staff believes that acquiring these two properties represents a strategic 5–10-year investment in the commercial frontage of Central Ave. This area, at the intersection of 39th and Central, is vastly underutilized and holds potential for walkability due to its proximity to the library and theater. This strategic acquisition serves as a catalyst for the redevelopment of the entire corner. The strategic significance of these properties aligns seamlessly with the comprehensive plan, which outlines opportunities for redevelopment along what is described as the backbone of our community. This acquisition provides the City with an opportunity to prepare for the revitalization of a pivotal site on the southern edge of the Central Business District. 37 Item 4. Page 2 RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2023-24, there being ample copies available to the public. MOTION: Move to approve Resolution 2023-24, a resolution approving the purchase agreement between the Economic Development Authority of Columbia Heights, Minnesota, And Mph Central LLC, and establishing funding procedures for the purchase and demolition of the properties ATTACHMENT(S): 1. Resolution 2023-24 2. Location Map 3. Purchase Agreement 38 Item 4. RESOLUTION NO. 2023-24 A RESOLUTION APPROVING THE PURCHASE AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, AND MPH CENTRAL LLC, AND ESTABLISHING FUNDING PROCEDURES FOR THE PURCHASE AND DEMOLITION OF THE PROPERTIES BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic Development Authority (the "Authority") as follows: SECTION 1. RECITALS. 1.01. The Authority and Mph Central LLC (“Seller”) desire to enter into a purchase agreement (the “Purchase Agreement”) pursuant to which the Authority will acquire certain propert ies in the City located at 3853 Central Avenue NE and 3851 Central Avenue NE (the “Properties”) from the Seller for economic redevelopment purposes. The Property is described in Exhibit A attached hereto. 1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Properties from the Seller for a purchase price of $700,000 plus related closing costs. 1.03. Pursuant to other project costs the Authority will budget $80,000 for the demolition and grading of the properties. 1.04. In accordance with the city’s ACHRA participation, the Authority will receive a reimbursement from the City of Columbia Heights via the Anoka County HRA, for the purchase and demolition of the properties. 1.05. The Authority finds that acquisition of the Properties is consistent with the City’s Comprehensive Plan and will result in redevelopment of the substandard property located at 3853 Central Avenue NE and 3851 Central Avenue NE. Such acquisition of these Properties, for subsequent resale, best meets the community’s needs and will facilitate the economic redevelopment and revitalization of this area of the City. 1.06. The Authority also finds that this redevelopment project is consistent with the purpose of the Economic Development Authority Redevelopment Fund 408. The current 2023 budget for Economic Development Authority Redevelopment Fund 408 does not include this redevelopment project and must be amended as the property was not available on September 26, 2022, when the Authority adopted this budget. The available balance of the Economic Development Authority Redevelopment Fund 408, beyond that committed for the existing 2023 budget, is approximately $2.4 million, which is more than sufficient to fund the redevelopment project. SECTION 2. PURCHASE AGREEMENT AND BUDGET AMENDMENT APPROVED. 2.01. The Authority hereby ratifies and approves the actions of Authority staff and of Kennedy Graven (“Legal Counsel”) in researching the Property and preparing and presenting the Purchase Agreement. The Authority approves the Purchase Agreement in the form presented to the Authority and on file at City Hall, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the Purchase Agreement by those officia ls shall be conclusive evidence of their approval. 39 Item 4. 2.02. The Authority herby amends the 2023 budget for Economic Development Authority Redevelopment Fund 408 to appropriate $780,000 for the purchase of the Properties and additional estimated project costs. 2.03. The Authority herby accepts all related transfers of Anoka County HRA grant funds from the City of Columbia Heights. 2.04. Authority staff and officials are authorized to take all actions necessary to perform the Author ity’s obligations under the Purchase Agreement as a whole, including without limitation execution of any documents to which the Authority is a party referenced in or attached to the Purchase Agreement, and any deed or other documents necessary to acquire the Property from the Seller, all as described in the Purchase Agreement ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Adopted this 5th day of September, 2023 Offered by: Seconded by: Roll Call: President Attest: Secretary 40 Item 4. EXHIBIT A Legal Description of the Property LOTS 17 & 18 CENTRAL AVE SUBDIVISION, EX RD, SUBJ TO EASE OF REC LOT 16 CENTRAL AVE SUB 41 Item 4. ³ 39th and Central Owner Information: Disclaimer: Map and parcel data are believ ed to be acc urate, b ut accura cy is not gu aran teed. This is not a legal docume nt and sho uld not besubstituted for a title searc h, apprais al, survey, or for zoning verification. Date: 8/28/20231:600Anoka County GIS Parce l Information: Approx. Acres: Commissioner: Plat: 42 Item 4. 43 Item 4. 44 Item 4. 45 Item 4. 46 Item 4. 47 Item 4. 48 Item 4. 49 Item 4. 50 Item 4. 51 Item 4. 52 Item 4. 53 Item 4.