HomeMy WebLinkAboutEDA Resolution No. 2025-23A RESOTUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET
FOR THE FISCAT YEAR OF 2025 AND AUTHORIZING A SPECIAT BENEFIT TAX LEVY, PAYABTE IN 2026.
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, 2OOl, pursuant to Minnesota Statutes
469.001 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 of the HRA Act, the EDA is authorized to levy a special benefit tax, in an
amount not to exceed .0185 percent ofthe City's estimated market value (the "HRA Levy"); and
WHEREAS, by separate resolution, the EDA has before it for consideration a copy ofthe EDA budget for the
fiscal year of 2026, and the proposed amount ofthe HRA Levy, payable in 2026, is based on said budget;
NOW, THEREFORE BE lT RESOIVED, that, after appropriate examination and due consideration, the Board of
Commissioners of the Columbia Heights Economic Development Authority herby:
1. adopts an HRA Levy payable in 2026 of5420,000 under Section 469.033 of the HRA Act; and
2. 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 5420,000 for taxes payable in 2026 under Section 469.033 of
the HRA Act.
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 2nd day of September, 2025
Offered by:
Seconded by:
Roll Call:
Presid ent
Atte
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Resofution 2425-23
RESOTUTTON NO.2025-23