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ver <br />Resolution 19-05 <br />A Resolution of the City of Elk River Housing and Redevelopment Authority <br />Establishing the Tax Levy for the Elk River Housing and Redevelopment <br />Authority for the City of Elk River, Minnesota <br />WHEREAS, Minnesota Statutes, Section 469.033, Subdivision 6, authorizes the Housing <br />and Redevelopment Authority to levy an amount not to exceed .0185 percent of the <br />estimated market value within the city to be used for housing and redevelopment purposes; <br />and, <br />WHEREAS, the Elk River Housing and Redevelopment Authority anticipates <br />expenditures in 2020 for various housing and redevelopment activities. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The Housing and Redevelopment Authority requests the City <br />Council of the City of Elk River, levy a tax in the amount of $370,250 for the benefit of the <br />Authority to be used as provided by Minnesota Statutes. <br />Passed and adopted this 3rd day of September, 2019. <br />Larry Toth, Chair <br />r0rE0Eii0'' 1 <br />NATV� <br />