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NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Pequot Lakes, <br />� Minnesota as follows: <br />1. For purposes of Minnesota Statutes, Section 469.033, Subd. 6, the City hereby consents to <br />and approves the levy by the City HRA, in any year while the Bonds remain outstanding, of the City <br />HRA's special benefits tax in the amounts in each year, and for the purposes, described in Section <br />3.5 of the Joint Powers Agreement; provided that in any year, the levy shall not exceed .0185 <br />percent of taxable market value in the City, or any higher amount permitted under Section 469.033, <br />Subd. 6 at the time the levy is approved by the City HR.A. <br />2. A copy of this Resolution shall be furnished to the County HRA through its Executive <br />Director by the City Clerk. <br />Adopted this 3rd day of April, 2012. <br />ATTEST: <br />� Clerk-Treasurer <br />� <br />40075 I v2 C R I 95- I 1 2 <br />Mayor <br />