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\-, <br />Resolution 2O-4 <br />A Resolution of the City of Etk 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, authodzes 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 fuver Housing and Redevelopment Authority anticipates <br />expenditures tn2027 for various housing and redeveloPment activities. <br />NOW, THEREFORE, BE lT RESOLYED by the City Council of the Crty of Elk <br />River, Minnesota, as follows: The Housing and Redevelopment Authotity requests the City <br />Council of the City of Elk fuver to levy a tax in the amount of $321,450 for the benefit of <br />the Authority to be used as provided by Minnesota Statutes. <br />Passed and adopted this 8'd day of September, 2020. <br />r0ttn <br />NA