RES 97-1 RESOLUTION 97- 1
11111
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 1998
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 1998 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 1998 budget is hereby
approved.
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 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 25th day of August, 1997.
Gene Schuldt, Chair
ATTEST:
Paul T. Steinman, Executive Director