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RESOLUTION 12-01 <br /> • A RESOLUTION OF THE ELK RIVER <br /> ECONOMIC DEVELOPMENT AUTHORITY <br /> A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER <br /> ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF <br /> ELK RIVER, MINNESOTA <br /> WHEREAS, Minnesota Statutes, Section 469.107, Subdivision 1,authorizes the <br /> Economic Development Authority to levy an amount not to exceed <br /> .01813 percent of the taxable market value in the city to fund the <br /> Authority's anticipated budget needs for the fiscal year 2013; and, <br /> WHEREAS, the Elk River Economic Development Authority will adopt and approve <br /> its budget and will forward such to the City of Elk River pursuant to <br /> Minnesota Statutes, Section 469.100, Subdivision 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 2013 for the benefit of the Authority to be used for Economic <br /> Development Authority purposes as provided by the statute. <br /> Passed and adopted by the Elk River Economic Development Authority this 13th day of <br /> August, 2012. <br /> Dan Tveite, EDA President <br /> ATTEST: <br /> Annie Deckert, EDA Executive Director <br /> • <br /> N:\Departments\Community Development\Economic Development\Resolutions\RESOLUTIONS\EDA levy <br /> Resolutions\EDALEV2012 Resol.doc <br />