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07-078 RES• RESOLUTION 07 - 78 A RESOLUTION FOR THE CITY OF ELK RIVER • A RESOLUTION APPROVING THE 2008 TAX LEVY FOR ECONOMIC DEVELOPMENT PURPOSES FOR THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the City Council of the City of Elk River has received a request from the Economic Development Authority to levy a tax fox the benefit of the Authority in the amount of .01813°/0 of taxable market value of taxable property in the City for the year of 2008. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River as follows: The City Council of the City of Elk River proposes that a tax in the amount of .01813% of the taxable market value in the City be levied in the year 2008 fox the benefit of the City of Elk River Economic Development Authority to be used fox Economic Development Authority purposes as provided under Minnesota Statute 469.090 etse . Passed and adopted by the City Council of the City of Elk River, Minnesota this 10~ day of September, 2007. ~ ~ ,~ Stepha 'e Klinzing, May ATTEST: ~--'~~ Tina Allard, City Clerk J