RES 94-1 • RESOLUTION 94-1
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 1995
WHEREAS, Minnesota Statute Section 469.033, Subdivision 6, authorizes a Housing
and Redevelopment Authority to levy an amount not to exceed .0131% of
the taxable market value of property within the area of operation for
redevelopment purposes; and,
WHEREAS, the Elk River Housing and Redevelopment Authority anticipates
expenditures in 1995 for various redevelopment activities; and,
WHEREAS, the Housing and Redevelopment 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 1995 budget is hereby approved.
BE IT FURTHER RESOLVED that the Housing and Redevelopment Authority present
to the City Council of the City of Elk River, Minnesota, a special tax levy
not to exceed the statutory limit of.0131% of taxable market value for the
benefit of the Authority to be used for purposes as provided in Minnesota
Statutes. Upon adoption of the special levy of the City Council, said tax
rate and levy will be certified to the Sherburne County Auditor as required
by law.
Passed and adopted by the Elk River Housing and Redevelopment Authority this 11th day
of August, 1994.
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Gene Sc'uldt, Chair
ATIF,ST:
OM1
illiam Rubin, Executive Director eda:hra 94-1r