7.2. HANDOUT HRSR 08-06-2018
Resolution 18-_____
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 2019 for various housing and redevelopment activities.
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 $316,450 for the benefit of the
Authority to be used as provided by Minnesota Statutes.
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Passed and adopted this 6 day of August, 2018.
Larry Toth, Chair
ATTEST:
Amanda Othoudt, HRA Executive Director