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RES 09-047~ ~1 L T~ T MT ~ T ~T ~ N ~ T T ITS' the City Council of the City of Elk River has received a request from the Economic Development Authority to levy a tax for the benefit of the Authority in the amount of ,01513% of taxable marl~et value of taxable property in the City for the year of Z0~0. , ~ L by the City Council of the City of Ells River as follows. The City Council of the City of Elk River proposes that a tax i~ the az~nount of ,01 S13% of the taxable market value in the City be levied in. the year 201 D for the benefit of the City of Ells Rivet: Economic Development Authority to be used for Economic Development Authority purposes as provided under Minnesota Statute 4G9,~90 et.se . Passed and adopted by the Cit~r Council of the City of Elk River, Minnesota this Stl' day of September, 2009. ,, Ste anie Klinzing, ayor ATTEST: .r~ J r .' Tina Allard, City Clerk