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RESOLUTION 97- 1 <br /> 11111 <br /> RESOLUTION OF THE ELK RIVER <br /> HOUSING AND REDEVELOPMENT AUTHORITY <br /> A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK <br /> RIVER HOUSING AND REDEVELOPMENT AUTHORITY FOR <br /> COLLECTION IN 1998 <br /> WHEREAS, Minnesota Statute Section 469.033, Subdivision 6, authorizes <br /> a Housing and Redevelopment Authority to levy an amount <br /> not to exceed .0131 percent of the taxable market value of <br /> property within the city to be used for redevelopment <br /> purposes; and, <br /> WHEREAS, the Elk River Housing and Redevelopment Authority <br /> anticipates expenditures in 1998 for various redevelopment <br /> activities; and, <br /> WHEREAS, the Housing and Redevelopment Authority budget must be <br /> approved before a special tax can be levied. <br /> • NOW, THEREFORE, BE IT RESOLVED by the Elk River Housing and <br /> Redevelopment Authority that the Authority's 1998 budget is hereby <br /> approved. <br /> BE IT FURTHER RESOLVED that the Housing and Redevelopment <br /> Authority requests that the City Council of the City of elk River, Minnesota, <br /> levy a special tax not to exceed the statutory limit of.0131 percent of taxable <br /> market value of the city for the benefit of the Authority to be used for <br /> purposes as provided in Minnesota Statutes. <br /> Passed and adopted by the Elk River Housing and Redevelopment Authority <br /> this 25th day of August, 1997. <br /> Gene Schuldt, Chair <br /> ATTEST: <br /> Paul T. Steinman, Executive Director <br />