RES 16-02 4:4
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Resolution 16-02
A Resolution of the City of Elk River Housing and Redevelopment Authority,
Establishing the Tax Levy for the Elk River Housing and Redevelopment
Authority for the City of Elk River, Minnesota
WHEREAS, Minnesota Statutes, Section 469.033, Subdivision 6,authorizes the Housing
and Redevelopment Authority to levy an amount not to exceed .0185 percent of the
estimated market value within the city to be used for housing and redevelopment purposes;
and,
WHEREAS, the Elk River Housing and Redevelopment Authority anticipates
expenditures in 2017 for various housing and redevelopment activities;and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River,Minnesota, as follows: The Housing and Redevelopment Authority requests the City
Council of the City of Elk River,levy a tax in the amount of 0.01466 percent of the
estimated market value of the city for the benefit of the Authority to be used as provided by
Minnesota Statutes.
Passed and adopted this 1st day of August,2016.
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anda Othoudt, HRA Executive Director
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