RES 19-04ver
Resolution 19-04
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
5469.100, 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 $334,450 for the year 2020 for the benefit of
the Authority to be used for Economic Development Authority purposes as provided by the
statute.
Passed and adopted this 19`" day of August, 2019.
A
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manda Othoudt, EDA Executive Direc or
Dan Tveite, EDA President
r I r E I E I I I
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