RES 13-07 RESOLUTION 13 - 07
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A RESOLUTION OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
AMENDED RESOLUTION ESTABLISHING THE 2014 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$263,575 for taxes
payable in 2014 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 19th day of
August, 2013.
Dan Tveite,President
ATTEST:
Brian Bee► .n, Executive Director
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