RES 03-01 0 RESOLUTION 03 - 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 2004; 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 2004 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 11th day of
August, 2003.
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41 l'ill -4 4
Jeff Gongoll,President
ATTEST:
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Catherine Mehelich,Executive Director
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