RES 97-1 RESOLUTION 97 - 1_
• 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 1998; and,
WHEREAS, the Elk River Economic Development Authority has adopted
and approved 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
III 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 1998 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, 1997.
V? #14.11-1 i
Patrick Dwyer, President
ATTEST:
Paul T. teinman, Executive Director
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