RES 10-03 EDA• RESOLUTION I 0 - _Q~
A RESOLUTION OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
ELK RIVER, MINNESOTA
WHEREAS, Minnesota Statutes, Section 469.107, Subdivision 1, authorizes the
Economic Development Authority to levy an amount not to exceed
.01813 percent of the taxable market value in the city to fund the
Authority's anticipated budget needs for the fiscal year 2011; and,
WHEREAS, the Elk River Economic Development Authority will adopt and approve
its budget and will forward such to the City of Elk River pursuant to
Minnesota Statutes, Section 469.100, Subdivision 2.
.NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in
and for the City of Elk River, Minnesota, that it hereby requests the City Council of the City
of Elk River to levy a tax in the amount of .01813 percent of the taxable market value in the
city fox the year 2011 for the benefit of the Authority to be used for Economic
• Development Authority purposes as provided by the statute.
Passed and adopted by the Elk River Economic Development Authority this 9`'' day of
August, 2010.
~~
Ron Touchette, EDA President
ATTEST:
Catherine Mehelich, EDA Executive Director
N:\Departments\Community Development\Economic Development\EDA to move\Agenda\EDA Budget\EDALEV2011 Resol.doc