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~E~VLUT~VJ. 7 ~J w ~^-- <br />A. R]E~~LUTI~~ ~F THE ELI ~.IVE <br />EC~~I~I~~C I~EV'EL~PIV~ENT A.UTHI~~T'Y <br />A R.ESLUT~~~ ESTA~LZ~H~~~ THE 201U R.EFEI~ENI~U1~ TA, LEA A.~ <br />~PP~t~V'EI~ Y V~TEP.S F~I~ A RECR.EAT~~~AL FA.C~LITY T~ ~E LEA.~E~ <br />T~ THE Y~~C~. <br />~IHEREA~, Qn September 12, 2000, the voters of the City of Elk River approved a <br />referendum pledging the City's full faith, credit, and resources to <br />~12,000,OOD of bonds for a recreational facility to be leased to the <br />YMCA; and <br />wHER.EA.S, the City has received a Landfill Abatement Legacy Grant from Sherburne <br />County fax certain qualifying recycled materials and these Grant funds <br />have been applied to reduce the debt service tax levy on the ~ 2,000,000 <br />of bonds, <br />~C~~1, THE~.EF~7E, ~E IT ~E~~L~EI~ by the Economic Development Aud~ority in <br />and for the City of Ells River, Minnesota, that it hereby levies a tax of X252,953 for taxes <br />payable in 2010 fox the purposes of funding the debt service on ~ 12,000,000 of bonds as <br />approved bar voters to build a recreational facility to be leased to the YMCA, <br />Passed and adopted by the Ells River Economic Development Authority this lOt~' day of <br />August, 2009, <br />''°''~~~_ r' <br />~~ ~ r~ <br />~: 4 ~ ~~ <br />f 1r <br />Pat Dwyer, President <br />ATTES~~ <br />~~ <br />~~. { <br />~~,~ ,,. <br />~rCatherine Mehelich Executive Director <br />S. ~ Council Tim ~ 20Q9 ~ EDALEVY 10ymca, doc <br />