RES 94-1 • RESOLUTION 94-1
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 Statute Section 469.107, Subdivision 1, authorizes the
Economic Development Authority to levy an amount not to exceed
.01813% of the taxable market value in the City to fund the Authority's
anticipated budget needs for the next fiscal year; and,
WHEREAS, the Elk River Economic Development Authority has adopted 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% of
the taxable market value in the City for the year 1994 for the benefit of the
Authority to be used for Economic Development Authority purposes as
provided in the Statute.
Passed and adopted by the Elk River Economic Development Authority this 8th day of
August, 1994.
4 . 4.
egrlf i ' 1011, Pres a i
ATTEST:
�2�
William Rubin, Executive Director
• eda:eda94-lr