RES 14-03 City of *....
El
River
Resolution 14- 03
A Resolution of the City of Elk River Economic Development Authority
Establishing the 2015 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
of the City of Elk River,Minnesota, as follows: that it hereby levies a tax of$290,779 for
taxes payable in 2015 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 this 18th day of August 2014.
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Dan Tveite,President
ATTEST:
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Brian Beema , Executive Director
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