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Economic Development Authority Minutes Page 2 <br /> July 21,2014 <br /> Discussion was held regarding the amount of the long-term fund balance available <br /> for economic development purposes, and the names and types of projects the <br /> monies have been used for in the past. <br /> President Tveite requested staff provide a list of the projects completed in the last 10 <br /> years using the reserve funds to show anyone who asks what the reserve monies have <br /> been used for and what benefits and value these projects have brought the city. <br /> It was the consensus of the EDA to go with the maximum levy rate of.01813 <br /> percent of the taxable market value in the city for the year 2015. <br /> 4. Adjournment <br /> There being no further business, Chair Tveite adjourned the meeting of the Elk <br /> River Economic Development Authority at 5:48 p.m. <br /> Minutes prepared by Jennifer Johnson. <br /> TT <br /> Dan Tveite, EDA President <br /> Tina Allard, City Clerk <br /> 10NERE1 IC <br /> NATURE <br />