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City of *.... <br /> El <br /> River <br /> Resolution 14- 03 <br /> A Resolution of the City of Elk River Economic Development Authority <br /> Establishing the 2015 Referendum Tax Levy as Approved by Voters for a <br /> Recreational Facility to be leased to the YMCA <br /> WHEREAS, 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 /> recreational facility to be leased to the YMCA;and <br /> WHEREAS, 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 /> reduce the debt service tax levy on the$12,000,000 of bonds. <br /> NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority <br /> of the City of Elk River,Minnesota, as follows: that it hereby levies a tax of$290,779 for <br /> taxes payable in 2015 for the purposes of funding the debt service on$12,000,000 of bonds <br /> as approved by voters to build a recreational facility to be leased to the YMCA. <br /> Passed and adopted this 18th day of August 2014. <br /> 1�� a cam_ <br /> Dan Tveite,President <br /> ATTEST: <br /> .� <br /> / // <br /> Brian Beema , Executive Director <br /> [FOVEAE ' It <br /> NATURE <br />