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RESOLUTION 02 - <br /> • A RESOLUTION OF THE ELK RIVER <br /> ECONOMIC DEVELOPMENT AUTHORITY <br /> A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER <br /> ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF <br /> ELK RIVER, MINNESOTA <br /> WHEREAS, Minnesota Statutes, Section 469.107, Subdivision 1, authorizes the <br /> Economic Development Authority to levy an amount not to exceed <br /> .01813 percent of the taxable market value in the city to fund the <br /> Authority's anticipated budget needs for the fiscal year 2003;and, <br /> WHEREAS, the Elk River Economic Development Authority will adopt and approve <br /> its budget and will forward such to the City of Elk River pursuant to <br /> Minnesota Statutes, Section 469.100, Subdivision 2. <br /> NOW,THEREFORE, BE IT RESOLVED by the Economic Development Authority <br /> in and for the City of Elk River,Minnesota, that it hereby requests the City Council of the <br /> City of Elk River to levy a tax in the amount of.01813 percent of the taxable market value in <br /> the city for the year 2003 for the benefit of the Authority to be used for Economic <br /> • Development Authority purposes as provided by the statute. <br /> Passed and adopted by the Elk River Economic Development Authority this 19th day of <br /> August,2002. <br /> Jeff Gongoll,President <br /> ATTEST: <br /> Catherine Mehelich, Executive Director <br /> • <br />