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RESOLUTION 88 - 2 <br /> A RESOLUTION OF THE CITY OF ELK RIVER <br /> ECONOMIC DEVELOPMENT AUTHORITY <br /> 411 A RESOLUTION FOR THE CITY OF ELK RIVER ECONOMIC DEVELOPMENT <br /> AUTHORITY IN AND FOR THE CITY OF ELK RIVER, MINNESOTA <br /> WHEREAS, Minnesota Statute 469.107 authorizes the Economic <br /> Development Authority to levy .75 mills to fund the <br /> authority' s anticipated budget needs for the next <br /> fiscal year; and, <br /> WHEREAS, the City of Elk River Economic Development Authority <br /> has adopted its budget and forwarded such to the City <br /> of Elk River pursuant to Minnesota Statutes 469 .100, <br /> Subdivision 2 . <br /> NOW, THEREFORE, BE IT RESOLVED by the Economic Development <br /> Authority in and for the City of Elk River, Minnesota, <br /> that it requests the City Council for the City of Elk <br /> River to levy a tax in the amount of .75 mill times the <br /> assessed valuation of taxable property in the City for <br /> the year 1989 for the benefit of the Authority to be <br /> used for Economic Development Authority purposes as <br /> provided in the statute. <br /> This Resolution adopted this 22nd day of August, 1988, by the <br /> Economic Development Authority in and for the City of Elk River. <br /> ,t(.1/11• <br /> Estelle E. Gunkel , President <br /> ATTEST: <br /> Patrick D. Klaers, Executive Director <br /> 410 <br />