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City of <br /> Elk <br /> River <br /> Resolution 20- <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$369,650 for the year 2021 for the benefit of <br /> the Authority to be used for Economic Development Authority purposes as provided by the <br /> statute. <br /> Passed and adopted this 17`' day of August, 2020. <br /> Dan Tveite,EDA President <br /> ATTEST: <br /> Amanda Othoudt,EDA Executive Director <br /> p 0 W I R 1 9 ® r <br /> NATURE <br />