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RESOLUTION 97- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />a RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY <br /> FOR CALENDAR YEAR 1998 <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />the Elk River City Council has review the City's anticipated <br />expenditures for all funds in 1998; and, <br /> <br />The: Elk River City Council has considered projected revenues for <br />all funds in 1998; and, <br /> <br />WHEREAS, revenues from sources other than property taxes are not sufficient <br /> to meet anticipated expenditures of all funds. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River that <br /> the proposed General fund Budget in the amount of $ <br /> is hereby adopted. <br /> <br />BE IT FURTHER RESOLVED by the City Council of the City of Elk River that the <br /> <br />following amounts are the maximum to be levied as property taxes <br />payable in 1998: <br /> <br />General Fund <br />Library <br />Dam Loan <br />Development Fund <br />Surface Water Management <br />Matching Grants <br />1994 Storm Sewer Bonds <br />City Special Assessments <br />1989 Fire Equipment <br />1994 Certificate of Indebtedness <br />1995 Certificate of Indebtedness <br />1996 Certificate of Indebtedness <br />1997 Certificate of Indebtedness <br />1998 Certificate of Indebtedness <br /> <br />Gross Levy <br /> <br />$ 3,206,538 <br />54,950 <br />32,572 <br />125,000 <br />51,473 <br />58,432 <br />117,627 <br />24 682 <br />70 424 <br />23 124 <br />24 694 <br />20 739 <br />32 673 <br />35 000 <br /> <br /> HACA <br />Reduction <br />$ 497,265 <br /> 8,522 <br /> 5,051 <br /> 19,385 <br /> 7,982 <br /> 9,062 <br /> 18 242 <br /> 3 828 <br /> 10 921 <br /> 3 586 <br /> 3 830 <br /> 3 216 <br /> 5 067 <br /> 5 428 <br /> <br /> Net Levy <br />$2,7O9,273 <br /> 46,428 <br /> 27,521 <br /> 105,615 <br /> 43,491 <br /> 49,370 <br /> 99,385 <br /> 20,854 <br /> 59,503 <br /> 19,538 <br /> 20,864 <br /> 17,523 <br /> 27,606 <br /> 29,572 <br /> <br />TOTAL 3,877,928 601,385 3,276,543 <br /> <br />Passed and adopted by the City Council of the City of Elk River this <br />day of ,1997 <br /> <br />ATTEST: <br /> <br />Henry A. Duitsman, Mayor <br /> <br />Sandra A. Thackeray, City Clerk <br /> <br /> <br />