RES 98-1 RESOLUTION 98- 1
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 1999
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 1999 for various redevelopment
activities; and,
WHEREAS, the Housing and Redevelopment Authority budget must be
approved before a special tax can be levied.
NOW, THEREFORE, BE IT RESOLVED by the Elk River Housing and
Redevelopment Authority that the Authority's 1999 budget will be approved
at a future meeting of the HRA, but prior to a special tax being levied.
BE IT FURTHER 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 1999 HACA certified to be $5,611 for the year
1999, 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 24th day of August, 1998.
, .
Duane Krop •nske, Chair
ATT :
door — 1
Tan, Executive Director