RES 88-2 RESOLUTION 88 - 2
A RESOLUTION OF THE CITY OF ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
411 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 authorizes the Economic
Development Authority to levy .75 mills 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 forwarded 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 .75 mill times the
assessed valuation of taxable property in the City for
the year 1989 for the benefit of the Authority to be
used for Economic Development Authority purposes as
provided in the statute.
This Resolution adopted this 22nd day of August, 1988, by the
Economic Development Authority in and for the City of Elk River.
,t(.1/11•
Estelle E. Gunkel , President
ATTEST:
Patrick D. Klaers, Executive Director
410