HomeMy WebLinkAboutEDA Resolution No. 2024-23RESOLUTTON NO.2024-23
A RESOTUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVETOPMENT AUTHORITY, ADOPTING A BUDGET
FOR THE FISCAL YEAR OF 2025 AND AUTHORIZING A SPECIAT BENEFIT TAX LEVY, PAYABLE 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 granted the EDA all powers and duties of a housing and redevelopment authority
by an enabling resolution and ordinance adopted on October 22,2OO7, pursuant to Minnesota Statutes
459.001 to 469.O47 (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 ofthe 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 2025, and the proposed amount ofthe HRA Levy, payable in 2025, is based on said budget;
NOW, THERETORE BE lT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic
Development Authority, that the EDA hereby adopts an HRA Levy payable in 2025 of 5425,000 under Section
469.033 ofthe HRA Act; and
BE lT FURTHER RESOIVED, 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 5425,000 for taxes payable in 2025 under Section 469.033 of
the HRA Act.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 3'd day of September,2024
Offered by:
Seconded by:
Roll Call:
Presiden
Sec
Resolution 2424-23
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