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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> • <br /> MEMORANDUM <br /> Item # 7.3 <br /> TO: Elk River EDA <br /> FROM: Cathy Mehelich, Director of <br /> Economic Development <br /> DATE: August 10, 2000 <br /> SUBJECT: Resolution Regarding EDA Levy <br /> Attached to this memo you will find Resolution 00- establishing the tax <br /> levy for the Elk River EDA for the year 2001 and requests that the City <br /> Council levy such maximum amount for the authority for the year 2001, as in <br /> previous years. The City must certify its proposed maximum levy, including <br /> EDA and HRA levies, to Sherburne County by September 15, 2000: <br /> Recommendation <br /> Staff is recommending the EDA approve Resolution 00-,._...,_, establishing the <br /> Aft tax levy for the Elk River Economic Development Authority and requesting <br /> 11, that the City Council of the City of Elk River levy a tax in the amount of <br /> .01813 percent of the taxable market value in the city less 2001 HACA <br /> certified to be $12,069 for the year 2001 for the benefit of the Authority to be <br /> used for Economic Development Authority purposes as provided by the <br /> statute. <br /> 13065 Orono Parkway • P. 0. Box 490 • Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612)441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />