EDA RES 22-03City of
Elk
River
Resolution 22-03
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 5469.107, 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 approved a motion at its
meeting on August 15, 2022, recommending to the City Council a preliminary levy of
$396,000 which was subsequently adopted by the Council on September 6, 2022; and,
WHEREAS, the Elk River Economic Development Authority has adopted and approved
its budget and recommended final levy and will forward such to the City of Elk River
pursuant to Minnesota Statutes §469.100, 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 $396,000 for the year 2023 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 September, 2022.
ATTEST:
Brent O'Neil, EDA Executive Director
Dan Tveite, EDA President
P0VEAEI 81
NATUR