RES 16-03 City of
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Resolution 16-03
A Resolution of the City of Elk River Economic Development Authority,
Establishing the Tax Levy for the Elk River Economic Development
Authority for the City of Elk River, Minnesota
WHEREAS, Minnesota Statutes §469.107, subd. 1, authorizes the Economic
Development Authority to levy an amount not to exceed .01813 percent of the estimated
market value within the city to be used for economic development purposes;and,
WHEREAS, the Elk River Economic Development Authority will adopt and approve its
budget and will forward such to the City of Elk River pursuant to Minnesota Statutes
X469.100, subd. 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 percent of the taxable market value in
the city for the year 2017 for the benefit of the Authority to be used for Economic
Development Authority purposes as provided by the statute.
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Passed and adopted this 15`'' day of August, 2016.
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Dan Tveite,EDA President
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C A ■ -.di AlifILA l'
manda Othou �� xecutive Director
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