RES 90-6 411
RESOLUTION 90- 6 ,r,/
A RESOLUTION OF THE CITY OF ELK RIVER ��""
ECONOMIC DEVELOPMENT AUTHORITY
A RESOLUTION FOR THE CITY OF ELK RIVER ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF ELK RIVER, MINNESOTA
WHEREAS, Minnesota Statute 469 . 107 Subdivision 1 authorizes the
Economic Development Authority to levy .01813 percent
of taxable market value to fund the authority's
anticipated budget needs for the next fiscal year; and,
WHEREAS, the City of Elk River Economic Development Authority
has adopted its budget and will forward such to the
City of Elk River pursuant to Minnesota Statutes
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 requests the City Council for the City of Elk
River to levy a tax in the amount of .01813 percent
taxable market value in the City for the year 1991 for
0 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 13th day of August, 1990.
James A. Tralle, President
ATTEST:
Patrick D. Klaers, Executive Director
111