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• Item # 6.3. <br /> cty& <br /> Elk -„, <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: August 13, 2001 <br /> SUBJECT: Resolution Regarding EDA Levy <br /> Attachment <br /> * Resolution 01- Establishing the Tax Levy for the Elk River EDA for year 2002 <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 2002. The City must certify its proposed maximum levy, <br /> including EDA and HRA levies, to Sherburne County by September 17, 2001. <br /> Recommendation <br /> Staff is recommending the EDA approve Resolution 01- , establishing the tax levy for the <br /> Elk River Economic Development Authority and requesting that the City Council of the <br /> City of Elk River levy a tax in the amount of.01813 percent of the taxable market value in <br /> the city for the year 2002 for the benefit of the Authority to be used for Economic <br /> Development Authority purposes as provided by the statute. <br />