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RESOLUTION 91 - 2 <br /> RESOLUTION OF THE CITY OF ELK RIVER <br /> HOUSING AND REDEVELOPMENT AUTHORITY <br /> A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER <br /> HOUSING AND REDEVELOPMENT AUTHORITY FOR COLLECTION IN 1992 <br /> WHEREAS, Minnesota Statute Section 469 . 033 allows the Housing <br /> and Redevelopment Authority to levy an amount not to <br /> exceed . 0081% of taxable market value in the area of <br /> operation for redevelopment purposes; and, <br /> WHEREAS, 1991 Laws, Chapter 291, Section 23 states that a <br /> special taxing district ' s payable 1992 levy for <br /> nondebt purposes must not exceed its 1991 levy by more <br /> than 3% . <br /> NOW, THEREFORE, BE IT RESOLVED that the Elk River Housing and <br /> Redevelopment Authority present to the City Council of <br /> the City of Elk River, Minnesota, a special levy not <br /> to exceed the statutory limit of . 0081% of taxable <br /> market value or 103% of the payable 1991 levy, <br /> whichever is less. Upon adoption of the special levy <br /> by the City Council, the said tax rate and levy will <br /> be certified to the County Auditor as required by Law. <br /> Passed and adopted by the Elk River Housing and Redevelopment <br /> Authority this 12th day of August, 1991. <br /> Richard Hinkle, Chairman <br /> ATTEST: <br /> Sandra A. Thackeray, City Jerk <br /> 411 • <br />