RES 92-2 410
RESOLUTION 92 - 2
RESOLUTION OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
A RESOLUTION FOR THE ELK RIVER HOUSING AND REDEVELOPMENT
AUTHORITY ESTABLISHING THE TAX LEVY FOR THE HOUSING
AND REDEVELOPMENT AUTHORITY FOR COLLECTION IN 1993
WHEREAS, Minnesota Statute Section 469 .033, Subdivision 6,
authorizes a Housing 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 1993 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 1993
1111 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 25th day of August, 1992 .
Richard Hinkle, Chairman
ATTEST:
Patrick D. Klaer , Executive Director
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