RES 12-02 RESOLUTION 12-02
• A RESOLUTION OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
AMENDED RESOLUTION ESTABLISHING THE 2013 REFERENDUM TAX
LEVY AS APPROVED BY VOTERS FOR A RECREATIONAL FACILITY TO
BE LEASED TO THE YMCA
WHEREAS, On September 12, 2006, the voters of the City of Elk River approved a
referendum pledging the City's full faith, credit, and resources to
$12,000,000 of bonds for a recreational facility to be leased to the
YMCA; and
WHEREAS, the City has received a Landfill Abatement Legacy Grant from Sherburne
County for certain qualifying recycled materials and these Grant funds
have been applied to reduce the debt service tax levy on the $12,000,000
of bonds.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Elk River,Minnesota, that it hereby levies a tax of$260,518 for taxes
payable in 2013 for the purposes of funding the debt service on$12,000,000 of bonds as
• approved by voters to build a recreational facility to be leased to the YMCA.
Passed and adopted by the Elk River Economic Development Authority this 13th day of
August,2012.
Dan Tveite,President
ATTEST:
Annie Deckert, Executive Director
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