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RESOLUTION 95-1 <br /> • <br /> RESOLUTION OF THE ELK RIVER <br /> HOUSING AND REDEVELOPMENT AUTHORITY <br /> A RESOLUTION ESTABLISHING THE TAX LEVY FOR <br /> THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY FOR <br /> COLLECTION IN 1996 <br /> WHEREAS, Minnesota Statute Section 469.033, Subdivision 6, authorizes a Housing <br /> and Redevelopment Authority to levy an amount not to exceed .0131% of <br /> the taxable market value of property within the area of operation for <br /> redevelopment purposes; and, <br /> WHEREAS, the Elk River Housing and Redevelopment Authority anticipates <br /> expenditures in 1996 for various redevelopment activities; and, <br /> WHEREAS, the Housing and Redevelopment budget must be approved before a special <br /> tax can be levied. <br /> NOW, THEREFORE, BE IT RESOLVED by the Elk River Housing and <br /> • Redevelopment Authority that the Authority's 1996 budget is hereby <br /> approved. <br /> BE IT FURTHER RESOLVED that the Housing and Redevelopment Authority present <br /> to the City Council of the City of Elk River, Minnesota, a special tax levy <br /> not to exceed the statutory limit of.0131% of taxable market value for the <br /> benefit of the Authority to be used for purposes as provided in Minnesota <br /> Statutes. Upon adoption of the special levy of the City Council, said tax <br /> rate and levy will be certified to the Sherburne County Auditor as required <br /> by law. <br /> Passed and adopted by the Elk River Housing and Redevelopment Authority this Z8-n-i <br /> day of August, 1995. <br /> Eh, <br /> - Gene Schuldt, Chair <br /> ATTEST: <br /> tail4n--.. <br /> ✓L <br /> William.Rubin, Executive Director <br /> s:kiocument\resoluti\hra95-1r <br />