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RES 99-1 RESOLUTION 99- RESOLUTION OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY FOR COLLECTION IN 2000 WHEREAS, Minnesota Statute Section 469.033, Subdivision 6, authorizes a Housing and Redevelopment Authority to levy an amount not to exceed .0131 percent of the taxable market value of property within the city to be used for redevelopment purposes; and, WHEREAS, the Elk River Housing and Redevelopment Authority anticipates expenditures in 2000 for various redevelopment activities; and, WHEREAS, the Housing and Redevelopment Authority will adopt and approve its budget before a special tax can be levied. • NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment Authority requests that the City Council of the City of Elk River, Minnesota, levy a special tax not to exceed the statutory limit of.0131 percent of taxable market value of the city, less 2000 HACA certified to be $5,614 for the year 2000, for the benefit of the Authority to be used for purposes as provided in Minnesota Statutes. Passed and adopted by the Elk River Housing and Redevelopment Authority this 23rd day of August, 1999. Duane Kropuenske, Chair AT S. : de,-/ Pau T. Steinman, Executive Director •