HomeMy WebLinkAboutEDA Resolution No. 2024-22RESOLUTION NO.2024.22
A RESOTUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVETOPMENT AUTHORITY, ADOPTING A BUDGET
FOR THE FISCAL YEAR OF 2O2S AND SETTING THE 2024 TAX LEVY, PAYABTE IN 2025.
BE lT 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.tO7 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 lT RESOIVED, 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 5375,000 for 2025; 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 ofthe EDA Act, in the amount of 5375,000 for taxes payable in 2025; 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 3'd day of September, 2O24
President
Resolution 2024-22
Offered by:
Seconded by:
Roll Call:r
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