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<br /> <br /> <br /> <br /> <br />Resolution 15-____ <br /> <br />A Resolution of the City of Elk River Economic Development Authority <br />Establishing the 2016 Referendum Tax Levy as Approved by Voters for a <br />Recreational Facility to be leased to the YMCA <br /> <br />WHEREAS, <br />on September 12, 2006, the voters of the City of Elk River approved a <br />referendum pledging the City’s full faith, credit, and resources to $12,000,000 of bonds for a <br /> <br />recreational facility to be leased to the YMCA; and <br /> <br />WHEREAS, <br />the City has received a Landfill Abatement Legacy Grant from Sherburne <br />County for certain qualifying recycled materials and these grant funds have been applied to <br /> <br />reduce the debt service tax levy on the $12,000,000 of bonds. <br /> <br />NOW, THEREFORE, BE IT RESOLVED <br />by the Economic Development Authority <br />: <br />of the City of Elk River, Minnesota, as followsthat it hereby levies a tax of $406,671 for <br />taxes payable in 2016 for the purposes of funding the debt service on $12,000,000 of bonds <br /> <br />as approved by voters to build a recreational facility to be leased to the YMCA. <br /> <br />th <br />Passed and adopted this 17 day of August, 2015. <br /> <br /> <br /> <br /> Dan Tveite, President <br /> <br /> <br /> <br />ATTEST: <br /> <br /> <br /> <br />Amanda Othoudt, Executive Director <br /> <br /> <br /> <br />