RES 99-2 • RESOLUTION 99 - 2
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 2000; 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 2000 HACA certified to be
$12,072 for the year 2000 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
9th day of August, 1999.
es
Patrick Dwyer, Preside t
ATTE
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Paul T. Steinman, Executive Director
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