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EDA Agenda Memo <br /> August 9, 1999,Meeting <br /> Page 5 <br /> Recommendation <br /> Staff recommends the EDA approve the,year 2000 EDA Budget and <br /> Business Incubator Budget as presented considering that the issue of <br /> creation of an economic development marketing plan and <br /> implementation of a major marketing event will be brought back to the <br /> EDA for specific authorization prior to undertaking expenditures for <br /> these activities. <br /> 7. Consider Resolution 99- Regarding EDA Levy <br /> This issue pertains to passage of a resolution establishing the tax levy <br /> for the Elk River EDA for the year 2000 and requests that the City <br /> Council levy such maximum amount for the authority for the year <br /> 2000, as in previous years. The city must certify its proposed <br /> maximum levy, including EDA and HRA levies, to Sherburne County <br /> by September 15, 1999. <br /> Recommendation <br /> • Staff is recommending the EDA approve Resolution 99-_, <br /> establishing the tax levy for the Elk River Economic Development <br /> Authority and requesting that the City Council of the City of Elk River <br /> levy a tax in the amount of.01813% of the taxable market value of the <br /> city less 2000 HACA of$12,072 for the year 2000 for the benefit of the <br /> authority to be used for Economic Development Authority purposes as <br /> provided by the statute. <br /> 8. Consider Modifications to EDA Micro Loan Policy <br /> Please see the attached memo and resolution from Assistant Director <br /> of Economic,Development.Marc Nevinski regarding the revised Micro <br /> Loan Policy. <br /> 9.` TIF District No. 18 Decertification <br /> Please see the attached memo and resolution from Assistant Director <br /> of Economic Development Marc Nevinski regarding decertification of <br /> the Morrell Tax Increment Financing District No. 18. <br />