Laserfiche WebLink
of <br />ver <br />Resolution 22-02 <br />A Resolution of the City of Elk River Economic Development Authority <br />Establishing the Referendum Tax Levy as Approved by Voters for a <br />Recreational Facility to be leased to the YMCA <br />WHEREAS, on September 12, 2006, the voters of the City of Elk River approved a <br />referendum pledging the City's full faith, credit, and resources to $12,000,000 of bonds for a <br />recreational facility to be leased to the YMCA; and <br />WHEREAS, in 2013, the EDA issued $9,685,000 cross -over refunding bonds to redeem <br />the Series 2007 Bonds on February 1, 2017. <br />NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority <br />of the City of Elk River, Minnesota, as follows: that it hereby levies a tax of $515,646 for <br />taxes payable in 2023 for the purposes of funding the debt service on $9,685,000 of bonds as <br />approved by voters to build a recreational facility to be leased to the YMCA. <br />Passed and adopted this 15t' day of August, 2022. <br />ATTEST: <br />& 1 <br />Brent O'Neil, Executive Director <br />`:2 San Tveite, President <br />PONERII RRI <br />ATUE <br />