EDA RES 26-08City of Elk River
Economic Development Authority
Resolution 26-08
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 Elk River 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 has considered at its meeting on August 17,
2026, its 2027 budget and levy request; 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 of the City of Elk River,
Minnesota, as follows: that it hereby adopts a budget for 2027 in the amount of $533,000, as attached,
and requests the City Council of the City of Elk River to levy a tax in the amount of $453,500 for the year
2027 for the benefit of the Authority to be used for Economic Development Authority purposes as
provided by the statute.
Passed and adopted this 17t" day of August, 2026.
lice President
ATTEST:
Brent O'Neil, EDA Executive Director