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City at <br /> "4*..„ <br /> Elk <br /> River <br /> Resolution 17-05 <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 §469.107, 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 /> §469.100, 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 2018 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 21" day of August,2017. <br /> Dan Tveite,EDA President <br /> Al TEST: <br /> Amanda Othoudt,EDA Executive Director <br /> PD / E A E ® u r <br /> NATURE <br />