7.3. EDSR 08-14-2000 ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
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MEMORANDUM
Item # 7.3
TO: Elk River EDA
FROM: Cathy Mehelich, Director of
Economic Development
DATE: August 10, 2000
SUBJECT: Resolution Regarding EDA Levy
Attached to this memo you will find Resolution 00- establishing the tax
levy for the Elk River EDA for the year 2001 and requests that the City
Council levy such maximum amount for the authority for the year 2001, as in
previous years. The City must certify its proposed maximum levy, including
EDA and HRA levies, to Sherburne County by September 15, 2000:
Recommendation
Staff is recommending the EDA approve Resolution 00-,._...,_, establishing the
Aft tax levy for the Elk River Economic Development Authority and requesting
11, 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 less 2001 HACA
certified to be $12,069 for the year 2001 for the benefit of the Authority to be
used for Economic Development Authority purposes as provided by the
statute.
13065 Orono Parkway • P. 0. Box 490 • Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612)441-7425
Equal Opportunity Housing and Equal Opportunity Employment
• RESOLUTION 00 -
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 2001; 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 less 2001 HACA certified to be
$12,069 for the year 2001 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
14th day of August, 2000.
Patrick Dwyer, President
ATTEST:
Catherine Mehelich, Executive Director
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