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HomeMy WebLinkAbout2025-079 Approving EDA Levy for 2025CITY OF COLUMBIA HEIGHTS, MINNESOTA RESOLUTION NO.2025-079 RESOLUTION APPROVING THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY'S REQUEST OF A LEVY INCREASE FOR TAXES PAYABLE IN 2026 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. 2025-70 on September 8, 2025 (the "Intent Resolution"), approving a levy (the "EDA Levy") of $413,900 for taxes payable in 2026, in order to better serve the Authority's economic development activities within the City, representing an increase of $38,900, 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 $413,900 for taxes payable in 2026, representing an increase of $38,900, 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 14th day of October, 2025 Offered by: Buesgens Seconded by: Deneen Roll Call: All Ayes i r Amada Marquez Simu a, Mayor Attest: �/? Sara Ion, City Clerk/Council Secretary CL205-3-977345.v1