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0 RESOLUTION 03 - 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 2004; 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 2004 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 11th day of <br /> August, 2003. <br /> ...1 /I J 0 .1 <br /> 41 l'ill -4 4 <br /> Jeff Gongoll,President <br /> ATTEST: <br /> -;"- - ' . ‘ ‘e/ <br /> Catherine Mehelich,Executive Director <br /> di <br />