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HomeMy WebLinkAbout2024-074 Approving EDA Levy Increase Taxes 2025CITY OF COLUMBIA HEIGHTS, MINNESOTA RESOLUTION NO.2024-74 RESOLUTION APPROVING THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY'S REQUEST OF A LEVY INCREASE FOR TAXES PAYABLE IN 2025 FOR ECONOMIC DEVELOPMENT PURPOSES. WHEREAS, the Columbia Heights Economic Development Authority (the "Authority") has requested that the City of Columbia Heights (the "City") increase its tax levy for the benefit of the Authority pursuant to Minnesota Statutes 469. 107, Subdivision 1; and WHEREAS, in accordance with Minnesota Statutes 469. 107, Subdivision 2, the City Council of the City adopted Resolution No. 2024-63 on September 23, 2024 (the "Intent Resolution"), approving a levy (the "EDA Levy") of $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, and authorizing and directing City staff to publish the Intent Resolution, along with the notice of public hearing attached thereto as Exhibit A (the "Notice"). WHEREAS, the City published the Intent Resolution and the Notice for two successive weeks in its official newspaper, The Life, and held the hearing on the date hereof, which date is two to four weeks after the first publication. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Columbia Heights hereby gives final approval for the collection of the EDA Levy of $375,000 for taxes payable in 2025, representing an increase of $65,000, in order to better serve the Authority's economic development activities within the City, which amount shall be included in the City' s levy. ORDER OF COUNCIL Passed this 141h day of October, 2024 Offered by: James Seconded by: Buesgens Roll Call: All ayes �4Ada MArqw,6 Simul , ayor Attest: Sara f6nCity Clerk/Council Secretary CL205-3-977345.v1