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HomeMy WebLinkAbout2024-063 Tax Levy Increase for Economic DevelopmentCITY OF COLUMBIA HEIGHTS, MINNESOTA RESOLUTION NO.2024-63 RESOLUTION AUTHORIZING A TAX LEVY INCREASE BY THE CITY FOR ECONOMIC DEVELOPMENT PURPOSES. BE IT RESOLVED, by the City Council ("Council") of the City of Columbia Heights (the "City") as follows: WHEREAS, the City established the Columbia Heights Economic Development Authority (the "Authority") by an enabling resolution adopted on January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the "EDA Act"); and WHEREAS, the Council has given to the Authority the responsibility for all economic development and redevelopment projects and programs; and WHEREAS, under Section 469.107, Subdivision 1 of the EDA Act, the City is authorized to levy a tax for the benefit of the Authority, in an amount not to exceed 0.01813 percent of the City's estimated market value (the "EDA Levy"); and WHEREAS, the City currently levies an EDA Levy not exceeding 0.01813 percent of the City's estimated market value, or $310,000, as authorized by the EDA Act; and WHEREAS, the City is authorized to increase its EDA Levy as provided in Section 469.107, subd. 2 of the EDA Act, upon the request of the Authority; and WHEREAS, the Authority has requested that the City increase its EDA Levy to $375,000 for taxes payable in 2025, in order to better serve the Authority's economic development activities within the City, representing an increase of $65,000. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Columbia Heights, as follows: 1. The request by the Authority for an increase in the City's EDA Levy in the amount of $65,000 for taxes payable in 2025, for a total EDA Levy of $375,000, is hereby approved, subject to publication of this resolution ("Resolution") along with a notice of public hearing on this Resolution in substantially the form attached as Exhibit A (the "Notice") for two successive weeks in the official newspaper of the City, and the holding of a public hearing on the proposed increase between two and four weeks after the first publication of this Resolution and the Notice. 2. This Resolution will not take effect if a petition requesting a referendum on this Resolution, signed by voters equaling five percent of the votes cast in the City in the last general election, is filed with the City Clerk within 30 days of publication of this Resolution. CL205-3-974757.v I 3. City staff is authorized and directed to publish this Resolution, along with the Notice, in the official newspaper of the City as soon as practicable. ORDER OF COUNCIL Passed this 2311 day of September, 2024 Offered by: Buesgens Seconded by: Spriggs Roll Call: All Ayes GL(, 4da Marquez Simula ayor Attest: Sara I , Ci y Clerk/Council Secretary CL205-3-974757.v1 EXHIBIT A NOTICE OF PUBLIC HE, CITY OF COLUMBIA HEIGHTS ANOKA COUNTY STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the City Council of the City of Columbia Heights (the "City"), will hold a public hearing on October 14"', 2024, at or after 6:00 p.m. at the City Council Chambers of City Hall located at 3989 Central Ave NE, Columbia Heights, Minnesota, relating to a proposed increase in the City's tax levy for economic development purposes under Minnesota Statutes, Section 469.107, subdivision 2 (the "EDA Levy Increase"). The proposed amount of the EDA Levy Increase is $65,000 for taxes payable in 2025, for a total EDA Levy of $375,000. The purpose of the EDA Levy Increase is to provide funds for additional economic development activities of the City's Economic Development Authority. If a petition requesting a vote on the EDA Levy Increase, signed by voters equal to five percent (5%) of the votes cast in the City in the last general election, is filed with the City Clerk within 30 days after the first publication of the resolution accompanying this Notice (i.e., by October 27th, 2024), the City may approve the EDA Levy Increase only after obtaining approval of a majority of voters voting on the question at an election. All interested persons may appear at the hearing and present their views orally or prior to the meeting in writing. Dated: [dates of publication], 2024 CITY OF COLUMBIA HEIGHTS, MINNESOTA Aaron Chirpich, City Manager CL205-3-974757.vr