Laserfiche WebLink
i {{ <br /> * (PVIscd ro so ILL4�c <br /> City of <br /> E H1 <br /> ver <br /> Resolution 14-05 <br /> A Resolution of the Economic Development Authority of the City of IElk <br /> River, Transferring funds to the City of Elk River <br /> WHEREAS, the City of Elk River is developing property it owns as Natures Edge <br /> Business Center (NEBC) for community and economic development purposes; and, <br /> WHEREAS, development of NEBC requires the installation of certain public <br /> improvements,including streets and utilities;and, <br /> WHEREAS, the Economic Development Authority (EDA) desires to facilitate the <br /> construction of NEBC by financing the public improvements for NEBC. <br /> NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority <br /> in and for the City of Elk River, Minnesota, that <br /> 1. The EDA finds that the development of NEBC will facilitate economic development <br /> growth in the city by making additional land available for industrial and commercial <br /> development. <br /> 2. The EDA agrees to transfer $568,000 from the EDA to the City Street Reserve Fund for <br /> the express purpose of funding the NEBC public improvements. <br /> Passed and adopted this 15" day of September, 2014. <br /> ECONOMIC DEVELOPMENT <br /> AUTHORITY IN AND FOR <br /> CITY OF ELK RIVER <br /> Dan Tveite, EDA President <br /> ATTEST: <br /> Jeremy Barnhart, EDA Interim Executive Director <br /> P 0 W f R 1 0 0 1 <br />