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Item f 7.2. <br /> • <br /> Elk ..r•. <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Developmen /, <br /> DATE: August 19, 2002 <br /> SUBJECT: Resolution Regarding EDA Levy <br /> Attachment <br /> * Resolution Establishing the.Tax Levy for the Elk River EDA for year 2003 <br /> • Issue <br /> As in previous years, the EDA requests that the City Council levy the maximum amount for <br /> economic development in the year 2003. The City must certify its proposed maximum levy, <br /> including EDA and HRA levies, to Sherburne County by September 17,2002. <br /> Recommendation <br /> Staff is recommending the EDA approve the resolution establishing the tax levy for the Elk <br /> River Economic Development Authority and requesting that the City Council of the City of <br /> Elk River levy a tax in the amount of.01813 percent of the taxable market value in the city <br /> for the year 2003 for the benefit of the Authority to be used for Economic Development <br /> Authority purposes as provided by the statute. <br /> 110 <br />