RES 92-2 411 RESOLUTION 92 - 2
RESOLUTION OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
A RESOLUTION 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
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 1992
for the benefit of the Authority to be used for
Economic Development Authority purposes as provided in
411 the Statute.
Passed and adopted by the Elk River Economic Development
Authority this 10th day of August, 1992 .
I /
-f '' . Go • •11, President
ATTEST:
C /j ' '" ''
Patrick D. Klaers, Executive Director