RES 14-02 Elk
River
Resolution 14-02
A Resolution of the City of Elk River Economic Development Authority,
Establishing the Tax Levy for the Elk River Economic Development
Authority 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 estimated
market value within the city to be used for economic development purposes;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 for the year 2015 for the benefit of the Authority to be used for Economic
Development Authority purposes as provided by the statute.
Passed and adopted this 18th day of August 2014.
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Dan Tveite, EDA President
ATTEST:
XV
Brian B-eman, EDA Executive Director
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NATURE