HomeMy WebLinkAboutEDA Resolution No. 2025-12RESOLUTTON NO.2025-12
A RESOTUTION OF THE ECONOMIC DEVETOPMENT AUTHORITY OF COLUMBIA HEIGHTS,
MINNESOTA, AMENDING ITS 2025 BUDGET BY AUTHORIZING THE TRANSFER OF FUNDS FROM
FUND 204 TO FUND IO8 AND BY APPROPRIATING A PORTION OF FUND 408 TO THE
AUTHORITY'S 2025 EXPENDITURES.
WHEREAS, the Columbia Heights Economic Development Authority (the "Authority'') adopted
Resolutions 2024-22 and 2024-23 setting the Authority's budget for 2025; and
WHEREAS, the City of Columbia Heights (the "City'') subsequently adopted Resolutions 2024-63
and 2024-66 approving the Authority's 2025 budget proposal; and
WHEREAT some of the Authority's 2025 budgeted resources were not yet assigned line items for
expenditure at the time of budget approval; and
WHEREAS, at its April 7th meetin& the Authority assigned line items to these dollars, and desires to
make the necessary financial adjustments to its accounts to provide for their expenditure.
NOW, THEREFORE BE lT RESOwED that, after appropriate examination and due consideration,
the Authority:
1. Authorizes the transfer of 565,000 from EDA Administration Fund 204 to EDA
Redevelopment Fund 408; and
2. Appropriates 590,000 of Fund 408 to the Authority's 2025 expenditures.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Adopted this 5th day of M ay,2025
Title:Maj
Attest:
Title:
p
Offered by:
Seconded by:
Roll Call:
Resolution 2025-12