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EDA 1995 Budget Memo Page 2 <br /> August 3, 1994 <br /> • TRANSFERS OUT <br /> $1,000 is proposed for transfer to the City's General Fund in 1995. This covers <br /> the Finance Director's/City Administrator's time on EDA projects, including the <br /> Micro Loan Fund, etc: <br /> ACTION REQUESTED <br /> The EDA Commissioners are asked d to approve the 1995 EDA budget in the <br /> amount of$81,000. <br /> The EDA is also asked to adopt a resolution requesting that the City of Elk River <br /> levy a tax against the taxable market value in the City in the amount necessary to <br /> generate $81,000 to be used for economic development purposes by the Economic <br /> Development Authority. A draft of this resolution is attached to the memo. <br /> • <br /> eda:bdgtmemo <br /> • <br />