6.3. EDSR 08-13-2001 • Item # 6.3.
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Elk -„,
River
MEMORANDUM
TO: Economic Development Authority
FROM: Catherine Mehelich, Director of Economic Development
DATE: August 13, 2001
SUBJECT: Resolution Regarding EDA Levy
Attachment
* Resolution 01- Establishing the Tax Levy for the Elk River EDA for year 2002
• Issue
As in previous years, the EDA requests that the City Council levy the maximum amount for
economic development in the year 2002. The City must certify its proposed maximum levy,
including EDA and HRA levies, to Sherburne County by September 17, 2001.
Recommendation
Staff is recommending the EDA approve Resolution 01- , establishing the tax levy for the
Elk River Economic Development Authority and requesting that the City Council of the
City of Elk River levy a tax in the amount of.01813 percent of the taxable market value in
the city for the year 2002 for the benefit of the Authority to be used for Economic
Development Authority purposes as provided by the statute.
RESOLUTION 01-
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 2002; 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 2002 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 13th day of
August, 2001.
Jeff Gongoll,President
ATTEST:
Catherine Mehelich, Executive Director
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