RES 25-03City of
Elk
River
Resolution 25-03
A Resolution of the City of Elk River Housing and Redevelopment Authority
Establishing the Budget and 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 2026 for various housing and redevelopment activities.
NOW, THEREFORE, BE IT RESOLVED: That the Elk River Housing and
Redevelopment Authority adopts an expense budget of $509,450 for 2026, and requests the
City Council for the City of Elk River to levy a tax in the amount of $469,450 for the benefit
of the Authority to be used as provided by Minnesc
Passed and adopted this 2" d day of September, 2025
ATTE
Brent O'Neil, HRA Executive Director
P0WE0E0 I
'ATURE]