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• <br /> City of <br /> Elk -�-� <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: August I I, 2003 <br /> SUBJECT: Resolution Regarding EDA Levy <br /> Attachment <br /> Resolution Establishing the Tax Levy for the Elk River EDA for year 2004 <br /> • Issue <br /> As in previous years, the EDA requests that the City Council levy the maximum <br /> amount for economic development in the year 2004. The City must certify its <br /> proposed maximum levy, including EDA and HRA levies, to Sherburne County <br /> annually in September. <br /> Recommendation <br /> Staff is recommending the EDA approve the resolution establishing the tax levy for the <br /> Elk River Economic Development Authority and requesting that the City Council of <br /> the City of Elk River levy a tax in the amount of.01813 percent of the taxable market <br /> value in the city for the year 2004 for the benefit of the Authority to be used for <br /> Economic Development Authority purposes as provided by the statute. <br /> • <br />