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jil'4 ..., <br /> City of <br /> Elk ........... <br /> River <br /> ........„ <br /> Resolution 16-03 <br /> A Resolution of the City of Elk River Economic Development Authority, <br /> Establishing the Tax Levy for the Elk River Economic Development <br /> Authority for the City of Elk River, Minnesota <br /> WHEREAS, Minnesota Statutes X469.107, subd. 1, authorizes the Economic <br /> Development Authority to levy an amount not to exceed .01813 percent of the estimated <br /> market value within the city to be used for economic development purposes;and, <br /> WHEREAS, the Elk River Economic Development Authority will adopt and approve its <br /> budget and will forward such to the City of Elk River pursuant to Minnesota Statutes <br /> X469.100, subd. 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 2017 for the benefit of the Authority to be used for Economic <br /> Development Authority purposes as provided by the statute. <br /> Passed and adopted this 15`''day of August,2016. <br /> Dan Tveite, EDA President <br /> ATTEST: <br /> Amanda Othoudt, EDA Executive Director <br /> IIThREI e r <br /> 1NATUIRE <br />